I'm new to Reddit and investing, so please bare with me. About 20 mins ago, I posted on "Stock", and they were of no help, so I am hoping you guys are of help.
Ok, so I am new to the investing world and don't have any knowledge in it. I told my dad that I am going to invest my savings in JC Penny stocks, and he flipped his shit on me. Told me if I do it, then he would kick my ass all up and down the street.
Yes, I know JC Penny, has been in decline for awhile and have massive debt; however, I doubt they will file bankruptcy. I see them doing a total restructure that will differentiate themselves from others, which will result in huge growth.
Plus with Sears leaving the picture, it is a win win all around. I mean, how can my dad not see this...its like he is blinded and has no optimism.
So, do you think this is a sound investment? I'm gonna pull the trigger and go all in this Tuesday, unless the opposing opinions are the majority.
Thanks for any insight!
Submitted November 05, 2017 at 05:08PM by OverseerOfOverseers http://ift.tt/2h6fjGj
