Penny stocks were made infamous by Jordan Belfort during the Wolf Of Wall Street film where he would trade useless stocks of tiny companies that were likely to fail but would make him (the seller) 40% commission. This did result in some of the penny stocks to boom along the way and to be up 100s of percents and make everyone fortunes. This is what helped sell the stocks as everyone had the dream of hitting one of the big ones.
Biaheza is a 19 year old YouTuber who loves to make videos about making money in the generation that we live in which often involves stocks, NFTs, side hustles and of course video making.
In this video he has $100,000 in his Robin Hood account and he’s ready to spend it all on penny stocks to hit the big win or to potentially lose it all. With social media law experts helping him, he can now even hype these stocks across his social media platforms to help raise their profile and hopefully their value.
Using software to help him find the perfect penny stock he finds the perfect stock: Muscle Maker Grill! A healthy fast food company that has a potential big upside and seems like a sound business to this young penny stock investor.
Courtesy of Finance.Yahoo.com
Using margin as well the risk has become even higher! Robin Hood would only allow $60,000 to be invested and within seconds the stock increased instantly by 6%. After a couple of weeks of holding his stock the final outcome was:
- Invested: $60,000
- Returned: $65,276
- % Increase: 7.21%
The difference between the growth and income is due to fees and the opens being spread out in small batches.
Biaheza also decided that he actually loved this company and felt like they had great growth potential so is holding it for the long run.
Watch the full video:
