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 profileLeonard 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 everLeonard 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 learnedAvoid 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 takeawaysFocus on the company’s ability to make profits instead of the stock price.Avoid investing with friends.Actionable adviceBuild a conservative investment profile and figure out how to invest more.No.1 goal for the next 12 monthsLeonard’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 [spp-transcript] Connect with Leonard KimLinkedInInstagramTwitterPodcastBookAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast