My Worst Investment Ever Podcast Leonard Kim – Avoid Investing in Pink Sheets Stocks
BIO: Leonard Kim is the worst investor you will ever meet and has made countless mistakes.
STORY: Leonard invested over $6,000 in penny stocks and preferred shares whose value went to less than a penny.
LEARNING: Avoid stocks on the OTCBB; trade in the NASDAQ shares instead. Focus on the company’s ability to make profits instead of the stock price.
“Don’t invest in stocks that are at the sub-penny level.”
Leonard Kim
Guest profile
Leonard Kim is the worst investor you will ever meet. He’s made countless mistakes like investing in stocks on the Pink Sheets, OTC Bulletin Board (OTCBB), and companies bound for bankruptcy like MoviePass. He’s bought preferred shares from public companies that have gone bust and invested in private companies that have failed.
On the contrary, he’s an extraordinary marketer who has won countless awards and been recognized as a top marketer by Forbes, Brand 24, MadCon, and more.
He’s also done an internationally recognized TEDx Talk and is the author of Ditch the Act, a book on personal branding and humanizing your company with McGraw Hill business.
Worst investment ever
Leonard put money in a penny stock that he thought had the potential to go up, and it did. It hit $7, but it quickly went down to 50 cents, so Leonard lost his money.
Leonard also invested $6,000 in a company whose stock was listed in the OTCBB and sold for around 50 cents. The company sold series B preferred shares with a one-year hold where you couldn’t sell them. After a year, the stock was trading at less than a penny, and it’s still at that value to date.
Lessons learned
- Avoid stocks on the OTCBB; trade in the NASDAQ shares instead.
- Don’t invest in stocks that are at the sub-penny level.
- Handle your investments by yourself.
- Invest in stable investments like oil.
Andrew’s takeaways
- Focus on the company’s ability to make profits instead of the stock price.
- Avoid investing with friends.
Actionable advice
Build a conservative investment profile and figure out how to invest more.
No.1 goal for the next 12 months
Leonard’s goal for the next 12 months is to continue creating value through his content.
Parting words
“The secret to marketing yourself is to differentiate yourself.”
Leonard Kim
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Connect with Leonard Kim
Andrew’s books
- How to Start Building Your Wealth Investing in the Stock Market
- My Worst Investment Ever
- 9 Valuation Mistakes and How to Avoid Them
- Transform Your Business with Dr.Deming’s 14 Points
Andrew’s online programs
- Valuation Master Class
- How to Start Building Your Wealth Investing in the Stock Market
- Finance Made Ridiculously Simple
- Become a Great Presenter and Increase Your Influence
- Transform Your Business with Dr. Deming’s 14 Points