Michel Pireu Columnist

Are penny stocks best avoided? Thing is there are some big success stories from famous investors when it comes to penny stocks.

In 1856, with a loan from a local bank Andrew Carnegie invested $217.50 in the Woodruff Sleeping Car Company. Woodruff’s went on to dominate the sleeper car business during the 1860s and within a few years Carnegie was earning big from his first investment.

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