Thursday, February 4, 2016

U.S. News: A Shoebox of Penny Stocks and Other Investing Horror Stories

By SIMON CONSTABLE

So very often the mantra of personal finance is simple: Make small changes now, and decades from now you'll make some huge gains. 

It might not be as thrilling as riding the Coney Island Cyclone, but it seems to work. Slow and steady wins the day, at least financially. 
But what about when all that prudent advice goes out the window? What happens when the counsel of trained financial whiz-kids and seasoned sages is ignored? The following real-world examples from financial advisers across the U.S. should give you an idea. And here's a hint – it's not pretty. Read more here.

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