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[–] RedditDead2005-2015 ago 

For a novice investor, penny stocks is not the place to get started. It's an incredibly risky and volatile market where you can lose everything overnight (which rarely happens with stocks listed on the NYSE or Nasdaq). It's also incredibly difficult to do research on those companies, and scammers doing the pump-and-dump are all over the place...and it's usually the underwriters.

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[–] Womb_Raider ago 

I only advise it so that he gets to experience losing without actually losing a significant sum of money. He'll learn caution with stocks which I think is paramount