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Was March 29, 2019 The Most Profitable Day In History?
Secret Colombian drug growers deep in the remote Andes Mountains! Legalized marijuana being cultivated for five cents a gram! Billions of dollars of potential profits!
And a ticking time bomb…
Get in on this “Life-Changing Marijuana Payday” before April 1st, or stay poor forever.
That’s the sales pitch from an old penny stock newsletter I stumbled upon.
This ad ran in spring of 2019, and was promoting a Colombian marijuana grower called PharmaCielo.
As the author explained, PharmaCielo was poised to “Build some of the fastest fortunes in history.” But, you had to buy-in early. “This could go down in modern history as the biggest stock market gain ever seen.”
Here’s how the stock is doing:
Silly newsletters and penny stocks aside, today’s article talks about a very serious issue. And that’s investing in foreign companies.
A lot of investors get very excited about buying into high-growth foreign companies with “unlimited potential,” only to get burned. Even big banks and “Smart-money” are known to fall for…
