Here is a list of basic stock market terms

Reverse Split or R/S :  This is when company reduces the total number of its outstanding shares.  So if there were 100,000 shares outstanding and they reduced it to 1,000 that would be a 100-1 reverse split. The stock price then would go by 100 times. So the value you hold remains the same. Penny Stocks companies will apply reverse splits to the outstanding  shares but not to the Authorized shares. That is a huge red flag.

Common Stock: This are the shares that are commonly owned and/or traded by the public of a stock. They are different than the preferred shares.

Preferred Stock: A preferred stock is a class of ownership in a corporation that has a higher claim on its assets and earnings than common stock. Preferred shares generally have a dividend that must be paid out before dividends to common shareholders, and the shares usually do not carry voting rights. Some penny stocks allow these to be converted to common stock which can lead to major sell offs.

Outstanding Shares: This is the number of shares that currently can be traded.

Authorized Shares: This is the number of shares that a company is currently authorized to trade.  Penny stocks companies with a high number of authorized shares can issue stock quickly and increase the outstanding shares. This dilutes the value of outstanding shares.

Share Structure:  This is the number of outstanding shares and the number of authorized shares. When you hear people say this stock has a great share structure it typically means it won’t take much volume to move the stock.

Spread: This is the gap between the Ask and the Bid. If stocks have too big of gap or a large spread they are a lot more risky.  If you buy on the ask and have to sell on the bid you could lose a lot of money fast.

Averaging Down: This is when an investor buys more of a stock as the price goes down. This makes it so your average purchase price decreases.

Bear Market: This is trading talk for the stock market being in a downtrend, or a period of falling stock prices. This is the opposite of a bull market.

Beta: A measurement of the relationship between the price of a stock and the movement of the whole market. If stock XYZ has a beta of 1.5, that means that for every 1 point move in the market, stock XYZ moves 1.5 points and vice versa.

Blue Chip Stocks: These are the large, industry leading companies. They offer a stable record of significant dividend payments and have a reputation of sound fiscal management. The expression is thought to have been derived from blue gambling chips, which is the highest denomination of chips used in casinos.

Bull Market: This is when the stock market as a whole is in a prolonged period of increasing stock prices. Opposite of a bear market.

Broker: A person who buys or sells an investment for you in exchange for a fee (a commission). Here is Tim’s favorite broker. (LINK)

Day Trading: The practice of buying and selling within the same trading day, before the close of the markets on that day. This is what Tim typically does, although he does have a long-term portfolio as well. Traders that participate in day trading are often called “active traders” or “day traders.”

Dividend: this is a portion of a company’s earnings that is paid to shareholders, or people that own hat company’s stock, on a quarterly or annual basis. Not all company’s do this.

Exchange: An exchange is a place in which different investments are traded. The most well-known in the United States are the New York Stock Exchange and the Nasdaq.

Execution: When an order to buy or sell has been completed. If you put in an order to sell 100 shares, this means that all 100 shares have been sold.

Hedge: This is used to limit your losses. You can do this by taking an offsetting position. For example, if you hold 100 shares of XYZ, you could short the stock or futures positions on the stock.

Index: An index is a benchmark which is used as a reference marker for traders and portfolio managers. A 10% may sound good, but if the market index returned 12%, then you didn’t do very well since you could have just invested in an index fund and saved time by not trading frequently. Examples are the Dow Jones Industrial Average and Standard & Poor’s 500.

Initial Public Offering (IPO): The first sale or offering of a stock by a company to the public, rather than  just being owned by private or inside investors.

Margin: A margin account lets a person borrow money (take out a loan essentially) from a broker to purchase an investment. The difference between the amount of the loan, and the price of the securities, is called the margin.

Moving Average: A stock’s average price-per-share during a specific period of time. Some time frames are 50 and 200 day moving averages.

Order: An investor’s bid to buy or sell a certain amount of stock or option contracts. You have to put an order in to buy or sell 100 shares of stock.

Portfolio: A collection of investments owned by an investor. You can have as little as one stock in a portfolio to an infinite amount of stocks.

Quote: Information on a stock’s latest trading  price. This is sometimes delayed by 20 minutes unless you are using an actual broker trading platform.

Rally: A rapid increase in the general price level of the market or of the price of a stock.

Sector: A group of stocks that are in the same business. An example would be the “Technology” sector including companies like Apple and Microsoft.

Spread: This is the difference between the bid and the ask prices of a stock, or the amount someone is willing to buy it and someone is willing to sell it.

Stock Symbol: A one-character to three-character, alphabetic root symbol, which represents a publically traded company on a stock exchange. Apple’s stock symbol is AAPL.

Volatility: This refers to the price movements of a stock or the stock market as a whole. Highly volatile stocks are ones with extreme daily up and down movements and wide intraday trading ranges. This is often common with stocks that are thinly traded, or have low trading volumes. This is also common with the stocks that Tim trades.

Volume: The number of shares of stock traded during a particular time period, normally measured in average daily trading volume.

Continue to next page reading the Level 2

When I ask most investors or traders what they struggle with the most it is understanding SEC filings.  You can search a company’s SEC filings by going here.

https://www.sec.gov/edgar/searchedgar/companysearch.html

SEC filings can be confusing at first but they are very important to understand. Since most people are busy and don’t have the time to read through pages after pages of filling information, it is important to find an efficient and fast way to locate important information.

Here are some of the most common forms you will see and a brief description of what they are.

• 10-k This is comprehensive annual report or yearly analysis of a company
• 10-Q This is an unaudited Quarterly report that updates the 10-k
• 20-F This is the financial report foreign countries must file if they trade on US exchanges since they don’t file a 10-k
• 8-k  Report Filed announcing events investors should know about like both good and bad. This is where you will most likely find Authorized share increases or reverse splits announced. Also, acquisitions and company progress as well as company updates.
• PRE 14C Form PREC14C, “preliminary information statements – contested solicitations”, is required under Section 14(c) of the Securities Exchange Act of 1934. This form must be filed with the SEC 10 days before definitive information statements are distributed to shareholders and helps the SEC protect shareholders’ rights by ensuring that they receive key information, clearly presented. This form can give you a heads up about an upcoming Reverse Split.
• 13D This form reveals who owns the most of a company’s shares, Their background information, criminal history and the type of relationship the owner of the shares has to the company. It will explain why the transaction is taking place, what class of security, and where the money is coming from to make the purchase.
• Form 144 This is a notice of intent to sell restricted stock which us usually held by corporate insiders or affiliates that obtain the stock outside of a public offering.
• Form 3,4,5 Corporate insiders that own more than 10% of a stock must file special forms to obtain, buy, or sell shares of a company’s stock. These forms are used to notify investors when this happens.
• Form NT This is when the company won’t be needs an extension because they won’t be able to file a 10-Q or 10-K in time. This gives them an extra 15 days to file the 10-k and 10-Q and keep there current status. Often times you will see it as “NT 10-k” or “NT 10-q”These are just a few of some of the most common forms and fillings that you will see. You can find a full list of forms with a more detailed description at https://www.sec.gov/formsNow that you are familiar with what some of the forms and filings mean it is time to learn how to quickly look through some of these filings to find important information.
• Quickly looking at the 10-k and 10-Q
• First thing you want to do is locate the business summary.
  This is where you will be able to find what the company does. I will describe the company’s operations, it will tell you about the company’s history, trademarks, patents, and marketing strategy. This is important to look at and decide is this something that has a good story and that would get investors excited. Most these companies never actually do what they say they will do. All they do is sell the dream to gullible new traders. This is where you decide is their vision is something that could get enough gullible greedy people excited. Below we pictured the growing concern which is something that is also important to locate. The going concern. Gives investors a good idea of future concerns the company has and what their plans are to fix those concerns. In this example the company makes it clear they will be selling shares to raise money as well as seeking debt financing which is another word for what we like to call toxic debt. This usually means the only way this stock is going up is if someone providing the company this debt financing has one of their buddies “coincidentally” pump or promote the stock. Technically they can’t know of any promotions of it is a SEC violation but these promoters and toxic financiers network and privately (secretly) take care of each other.
• Quickly looking at the company’s balance sheet

In the example above you can see some important things highlighted in red.

A. This points out the spread sheet and finances has not been audited by a 3^rd A lot of 10-Q won’t be audited. 10-K should definitely be audited. Never fully trust a financial statement that not audited by a third party! There are a lot of penny stock companies that will misrepresent numbers to sucker in investors. Always be cautious about unaudited financial reports.

B. This shows the total assets of the company

C. This is where you will find the Authorized shares and Outstanding shares for the company. This is far more accurate than just going by the information on OTCmarkets.com company profile. You still want to call up the Transfer Agent and verify these numbers to see if there have been any changes in share structure since the last filing.

Now the next thing is looking at the balance sheet, income statement, and cash flow statement.

In the example, you can see some important things to locate on the balance sheet. You can see how much the company was making in sales. They sold $320,513 worth of goods but it cost them $288,476 to make those goods. That means that their gross profit margin is only $32,037. Now from the $32,037 you have to subtract the $47,991 the company spends to sell and market the product. So these geniuses in management found a product that they actually lose money on! It would be like me going to Walmart buying a bike for $100 then spending $50 on advertisement to sell that bike for $125. Each bike I sold I would be literally losing money on. That would be an awful business structure. It gets worse though. The company administration still paid themselves $878,075 dollars!  How can they do this? Where is the money coming from? The money comes from Debt Financing also known as toxic debt. The toxic debt also comes with interest. The company will give shares away for money. This money they use to pay themselves. The lenders then will sell these shares once they become unrestricted.

These toxic lenders are able to get away with this because there are enough naïve and greedy people out there that are addicted to gambling on penny stocks. Long term 99.99% of these stocks will fail but just like playing a slot machine there is someone that hits a jackpot and that greed of making millions keep us trading and playing these penny stocks.  These stocks always go down long term. Where you can make money is realizing that these stocks will have to bounce and go up in order to sucker people into buying them. That excitement and feeling of missing out on a 500%-20,000% bounce or pump is what draws more investors in.

Now let’s take a look what a reverse split looks like.  This is taken from a Pre 14(c)

The company is voting on a 250-1 reverse split. This means that if you own 250,000 shares of common stock at $1 You will now own 1,000 shares but the stock price will go up to $250 a share. The scary thing here is that the company didn’t apply the reverse split to the Authorized shares. They most likely plan on diluting the stock value. It is not uncommon to see a penny stock have a reverse split and drop 90% in 1-2 months. Reverse Splits cause huge sell offs. Generally as soon as you see a vote for a Reverse Split you want to sell and get out of the stock ASAP.

This company is raising the Authorized Shares by 5 times what they were and on top of that they are creating a new class of preferred stock that converts into common shares.  This will surely lead to huge sell offs down the road.Now not all SEC Filings are bad obviously. Some 8K filings will have good news like a company uplisting or announcing business acquisitions.

Continue to Stock Market Terms Page

Instructions to Pick Top Penny Stock

There are numerous ways that individuals exchange penny stocks, however 90% of the general population loses cash exchanging penny stocks or whatever other sort of stocks. The most widely recognized motivation behind why these individuals fizzled is on the grounds that they don’t take an ideal opportunity to figure out how the business sector functions. Rather, they depend on tips from masters or companions. When they are informed that a stock is hot, they hop right in without doing any exploration all alone.

To figure out how to exchange penny stocks, you should discover that stock trading is a business, not a propensity. In any business, you have to figure out how it works before you can profit, and you buckle down with the goal that it doesn’t fall flat. Same thing with penny stocks, you can’t be apathetic and hope to get rich with one hot stock. You have to figure out how penny stocks functions before you can exchange and profit. Before we go any further, you ought to comprehend that penny stock is not for everybody. There are danger included simply like a business where it requires beginning capital and it might come up short or even bankrupt. Along these lines, you ought to just exchange with the cash that you can stand to lose.

Penny Stocks for Beginners

There are two fundamental sorts of penny stocks, Over-The-Counter (OTC) penny stocks and penny stocks that are exchanged on customary stock trades like NYSE and NASDAQ. We will concentrate on penny stocks on NASDAQ and NYSE. OTC stocks are excessively hazardous as I would see it.

We should begin with the fundamental about trading the shares of penny stocks. Penny stock trading is not the same as investing on the grounds that fundamentally we are hypothesizing. To enhance our chances of winning, we should tail a few tenets and procedures. Stock market investing obliges you to do inquire about on organization essentials, purchase and hold for a drawn out stretch of time though exchanging obliges you to study specialized investigation and outline examples to foresee how the penny stock will do in the short term.

The most effective method to purchase penny stocks

Technical analysis is a route for investors to anticipate the fleeting development of the company’s share price taking into account authentic examples. It is the investigation of past business performance, essentially share price and volume. Throughout the years, merchants create various specialized pointers that are specifically or in a roundabout way get from stock cost and volume. They utilized these technical signs to discover exchange setups.

Price Analysis

Suppose a stock ABC is exchanging in the scope of $4 to $5 for the recent months. It is sheltered to accept that $4 is the backing and $5 is the resistance. So whenever the stock is exchanging around $4, you would need to purchase it and attempting to offer it when the stock methodologies $5. This is the least difficult type of specialized examination.

Volume Analysis

Volume is the second most critical pointer in technical investigation. Suppose the ABC stock in our past illustration breaks out of $5 at some point and exchanges at $5.1 or higher at other day. At the point when a stock breaks out, it is typically a decent sign that it can go much higher. In any case, when the break out happens with low volume, there is a high risk of a false break out. That implies that ABC will soon fall back underneath $5 and keep on trading in the scope of $4-$5.

Trading Psychology

Like I said, business investing psychology and discipline are basic on the off chance that you want to exchange penny stocks as a profession. You need to realize that technical examination just helps you make an anticipation on stocks, yet it is not a crystal gazer. In the event that it were, no one will work any longer as everybody will begin exchanging penny stocks. It can turn out badly now and again and you would prefer not to depend essential on specialized examination to trade penny stocks.

Adopting Discipline Strategies

Traders have to build up the discipline in their investment strategies when trading penny stocks. For instance, it looks great when you purchase a penny stock and it soars up 100% in a couple days. In any case, what are the chances of that event? You may contend that you see penny stocks to surge twofold and triple in a brief period, and that is the general purpose of penny stocks. While without a doubt a great deal of penny stocks twofold and triple, what the vast majority don’t understand is that these same penny stocks can go down half or even 100% a couple days after the fact.

Overall, investors should have a way out arrangement before they purchase a stock. You should remember that the objective of trading penny stocks is not to get wealthy suddenly, but rather to get rich slowly by enhancing and learning. Many people escape since they are attempting to make a half pick up on each stock. They may get fortunate now and again, yet inevitably they will lose all or a large portion of the cash in a single trade.

In Conclusion

Trading penny stock is a wise strategy for start-ups and exiting investors, but they need to a lot of homework before starting investing in any stock. Valuing stocks performance, examining its future fundamentals and adopting discipline strategies could lead you to make big profits from investing in penny stocks. On the other hand, investing in penny stocks while looking at news paper and scam advertisements could result in a big loss for penny stock investors.

How to Predict a Penny Stock Is Worth Watching?

When it comes to stock market and equities, there is couple of more hazardous investments than penny stocks trading. The shares of penny stock, which exchange under $1, are normally estimated that low for a justifiable reason. For instance, a penny stock could have a place with a once-flourishing organization that is presently on the precarious edge of insolvency, has needed to delist from the bigger trades and is currently exchanging on over-the-counter (OTC) sheets. On the other hand, it may be the case that a penny stock just barely getting in progress, thus it has inadequate history and hasn’t yet met the criteria to be recorded on a noteworthy trade.

Whatever the case, penny stocks are volatile and risky by and they’re especially susceptible to price manipulation. Once in a while, however, a penny stock will greatly reward the risk-hungry investor. If you had bought shares in the Monster Beverage Corporation (MNST) in 1996, when it was trading at $.04 a share, you would be a happy investor today: Monster was trading at $135 per share before the market correction in late August 2015. So if you’re intrigued by the potential to find such exponential gains, it could be worth diving into the murky waters of penny stocks.

Look at the Fundamentals

Fundamentals are always important while valuing any stock performance. Speculators ought to do intensive analysis before taking risks on any penny stock. For instance, it may have strong bet to put resources into the Walter Energy Co. All things considered, Walter Energy had exchanged as high as $143.76 per share in 2011. Yet, the individuals who purchased Walter Energy stock when they’d tumbled to $0.16 still would have been smoldered, as the company was declared bankrupt soon after that. On the other hand, those investors who bought Inovio Inc. (INO) trading around $0.68 a share in 2008, would have paid off abundantly: in late August 2015, Inovio was exchanging at $7.04.

The conspicuous difference between these two stocks lies in organization future business fundamentals. Walter was a built up organization in metallurgical coal, a maturing area prey to cyclical demand and political weights. The company starts falling when global players started declining carbon emission and declining coal production. This situation put all the more descending weight on Walter Energy, which as of now was reeling from an overall coal supply excess and moderating interest from China. Walter, which as of now exchanges on the over-the-counter sheets, promises to rise obligation free by February 2016. However, with coal costs having fallen 66% or more and with further decreases in worldwide interest expected, Walter’s case for a rebound is sketchy.

On the other hand, Inovio is a theoretical biotechnology play with solid market share in its tumor immunization portfolio, which offers solid buyout potential.
So when researching penny stocks, you should carefully weigh any potential gains versus fundamental factors underlying the company: its cash flow, debt, buyout potential and its competitors, among others. You should have the complete picture as to why the stock’s trading at its current price before you even think of buying it.

Industry Life-Cycle Analysis

Alongside examining an organization’s accounting reports, the forthcoming penny stock tycoon ought to look do an industry life-cycle examination. Some penny stock organizations are in a division still in its “starting stage.” This start-up stage is described by the nearness of countless estimated rivals in the space, novel items and ideas and low client interest for the items. Since this period is set apart by a huge number of start-up firms (especially in tech or biotech), all of which have high expenses and next to zero deals to date, these organizations will exchange at low costs. Tailing this underlying stage, be that as it may, is the “development stage,” in which a lot of these organizations increase more prominent business sector consideration and therefore their deals and request skyrocket.

The ideal case is the tech blast in the recent decade. Numerous tech new businesses began life as penny stocks and then posted strong growth in their business share and valuations, as financial specialists grabbed up anything identified with the then-novel idea of the Internet.

Penny Stock Industries

Industries that offer binary results for the majority of its organizations will obviously contain a plenty of penny stocks. Binary results, or “represent the moment of truth” theoretical plays, are discovered overwhelmingly in biotech or asset segments. Indeed, the Canadian Exchange was the home of numerous asset based penny stocks that took off amid the commodity growth of the 2000s.

However, due to the historic decline in commodity prices over the last few years, the growth time has now finished for these Canadian companies: as of the 2,340 organizations recorded on the TSX Venture, 1,400 were junior mining organizations and 500 of those were thought to be in a “zombie” state. This means that these companies have lost their upside potential and are experiencing liquidity issues.

Sound Management

Of course, superstar managers aren’t often found working for penny stock companies, but there are a few examples. Take Concur Technologies (CNQR), which bounced back from its post-tech bubble price of $0.31 a share to get bought out last year at $129 per share, or $8.3 billion. This remarkable comeback is owed to many factors, but one that stood out was the strong vested interest of President and CEO Rajeev Singh. Singh, who had co-founded the company in 1993, filled a plethora of management roles over the firm’s lifespan before he finally stepped down after Concur’s acquisition by German software giant SAP SE (SAP).

With regards to penny stocks, it’s about all about the company’s administration. Sound administration can pivot a battling firm and dispatch a startup to new statures. All the more critically, experienced and moral administrations that have a personal stake in the organization by means of offer proprietorship can provide financial specialists with a suspicion that all is well and good.

Obviously, genius chiefs aren’t frequently discovered working for penny stock organizations, yet there are a couple of cases. Take Concur Technologies (CNQR) rallied again from its post-tech bubble share price of $0.31 to get purchased out a year ago at $129. This exceptional rebound is owed to numerous components, yet one that emerged was the solid personal stake of its President and CEO.

In Conclusion

Penny stocks are to a great degree unpredictable and theoretical by nature. As most exchange on OTC trades or by means of pink sheets, where posting benchmarks are extremely remiss, penny stocks are vulnerable to control and extortion. Still, the possibility to make a huge number of rates in returns is a solid appeal. In spite of the fact that numerous penny stocks become bankrupt, if a financial specialist practices cautious central examination and picks sound administration groups, they could locate the desired gem waiting to be discovered.

Is Buying A Penny Stock a Good Strategy

New penny stock investors frequently take a gander at a stock price and see the estimation of the organization—a stock evaluated at $100 appears as though it’s more costly than a stock valued at $10. All things considered, you can twofold your cash if the stock at $10 goes to $20 however just increase ten percent if the stock at $100 goes to $110. Isn’t that how fruitful speculators made their fortunes?

Some of the time this craving for an extraordinary stock deal drives financial specialists into penny stocks, likewise called smaller scale companies. A stock valued under $5 a share has no place to go however up, isn’t that so? It won’t take much appreciation in the stock’s share price to profit, correct? Plus, with costs that shabby, you without a doubt has bunches of choices, isn’t that so? You should simply locate a stock that will twofold or triple in worth.

What are Penny Stocks?

By well known definition, a penny stock is a stock with a share price under $5. There’s no single specialized response to the inquiry what are penny stocks, yet they’re shares of low-esteem organizations, for the most part valued under $5 a share and generally well beneath $1 a share. In specialized terms, a penny stock neglects to meet certain stringent necessities to be recorded on a noteworthy trade like the NYSE or the NASDAQ.

Why may this happen? The organization behind the stock is hazardous! It may be a small-cap organization, not worth especially cash. It may have wild swings in its stock price. It may be a hazardous organization in an exceptionally unsafe business. It may have heaps of obligation, or it may have colossal expense liabilities.

Penny Stocks to Buy

Hunting down great and safe penny stocks to purchase is precarious. By their own particular theoretical nature and low liquidity, these stocks are effectively inclined to market control. For an unobtrusive venture, malignant traders could keep running up the share price and persuade other individuals that the stock price will keep going up and offer his shares to them at high price. Be careful; there’s no mystery to discovering, picking, or purchasing microcaps.

The most effective method to Buy Penny Stocks

In the event that you as of now have a decent stock agent, you for the most part definitely know how to purchase penny stocks. There’s one turn, however. Since they’re not exchanged on a standard trade—likely rather the over the counter market (OTCBB) or the Pink Sheets—you may need to consent to an extraordinary arrangement or spot a telephone call and concur that, yes, you truly recognize what you’re doing and you acknowledge the extra hazard that you could lose your whole venture.

Try not to be tricked by offensive corners of the Internet which publicize free penny stock trading; they’re in all likelihood tricks.

Does Buying Cheap Stocks Work?

The answer, as usual, begins with the rudiments: inherent worth. Could the organization gain more cash one year from now than this year? Does the organization have a rational arrangement to profit, and is it reasonable?

You should likewise consider hazard. Will you even trust the organization? On the off chance that it’s not meeting administrative necessities and it’s not meeting the principles of a noteworthy business sector trade like the NYSE or the NASDAQ, how dependable is the organization?

More awful, penny stocks are regularly subject to compelling unpredictability of share price. A few people consider this to be leeway, where the cost of these stocks can swing 10%, 20%, half, 100% in a day. In case you’re on the triumphant side of that, you may appreciate it, however in the event that you’re on the losing side, it’s unpleasant.

Even if you manage to buy a cheap stock at the low point of its cycle, relatively few shares trade hands every day. If you have 1,000 shares to sell but the rest of the world all together only wants 100 shares, you’ll have 900 shares you can’t sell, and of course you only make a profit when you sell. Then again, you only pay tax when you sell, so if you’re holding out for huge profits, you can ride that investment until it proves itself a winner or totally goes bankrupt. Then again, there might be better places to put your money.

A portion of the most exceedingly terrible microcap stocks put resources into gold and silver and oil, particularly valuable metal mining. Not just are these to a great degree unstable markets, contingent upon item costs, however the estimation of a mine relies on upon the minerals it has accessible and extractable. Unless you’re a mineralogist, how would you hope to audit the business prospects of the mine?

Profiting with Undervalued Stocks

Will you profit by exchanging undervalued penny stocks? Without a doubt, individuals do it constantly. Individuals likewise lose cash. That is the reason you every so often see spam for and tricks including penny stocks—financial specialists purchase low, then attempt to drive up interest into a free for all and offer their own particular shares at the tallness of the craze. On the off chance that that sounds like extortion.

Without dependable monetary data and a strong, reliable history of the organization, putting resources into penny stocks is hypothesis. However, buy low and sell high is the best strategy.

Trading Penny Stocks is Risky

Shockingly, new investors will probably lose cash than they are to get rich from penny stocks. Any individual who’s bowing your ear around a hot insider tip is either attempting to offer you on a costly bulletin) or to lure you with a pump and dump trick to raise the value so he can offer it at a benefit. Overall, see your good judgment and invest only in things you understand. That’s how to become truly wealthy, in knowledge and in money