I am in no way supporting cannabis stocks or Lehman Brothers stock. Only this stock screen, in the financial sense, because I believe these were the types of penny stocks in Luke 19:11-27.

UPDATE: 3/21/23 – UPDATE ON DIVIDEND STOCKS

It appears that dividend stocks are only useful in the long-term if their dividends stay the same. Perhaps the top two high dividend stocks that I’ve been monitoring for months–ZIM and PBR–are not good long-term stocks. For the longest time ZIM’s dividend yield was around 130%, and PBR would always pop up as second place on the list, with a dividend yield of 64% or something like that. Now its a different story. Now ZIM shows up with a 74% dividend and PBR doesn’t show up at all. But their runners up are still there where they’ve always been: HGTXU (31% dividend), CHKR (30% dividend), and ARR (25% dividend). On 1/5/23, I can say that HGTXU and CHKR were at 26% and 24%, so there has only been slight fluctuations there. But before you get too excited, the PE ratios of these stocks say it would take 5 to 8 years to see your original principal deposit come back to you, let alone any profits from new returns. That’s not a good deal. If anything it shows us three things: 1. Don’t put all your hopes in one dividend stock, because dividend stocks can change over time. 2. If you are going to buy a high dividend stock, then buy three or four more to diversify. 3. Short-term trading with penny stocks, microcaps, and small cap stocks are all a safer bet. This way you don’t lull yourself to sleep with a dividend stock, which years down the road radically changes your financial situation right under your nose, as you snore your investing days away like Rip Van Winkle.

DISCLAIMER

I am not a registered investment advisor with the SEC. Nothing in this video, should be taken as legally binding investment advice, in the same way that SEC licensed stockbrokers can advise their clients. I am not “selling” any stocks or OTC penny stocks as a broker in this video. The purpose of this video, is only to offer guidance to those who are interested in educating themselves, about self-directed investing and Biblically Responsible Investing (BRI).