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I'd rather buy 400 shares of a $5 stock than 20 shares of a $100 stock and work my way up from there. |
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Why, is it the belief that a $5 stock has less far to drop? Price should have no bearing on whether to invest in it or not.
For laughs take a look at BRK.A - Class A stock of Berkshire Hathaway Warren Buffett company. Trading around $135,000 a share.
Out of range for most people to invest in. But if they had, a return of 25-50% from this time last year would have been possible depending on entry/exit.
But some who had a few 100's thousands might say, yeah but I can "only" get 3 shares.