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High risk, only 'invest' with money you dont mind losing. With that said there are many companies priced under $5 that are good buys for the long term.
I agree with Oildog, look for some of the beaten down big companies that may have suspended dividends now but will reinstate them later. I bought a couple penny stocks months ago just to see what would happen and both have remained flat over a 6 month period. When you go for penny stocks, the chance of them actually taking off is slim to nil and they are heavily manipulated. There is also the chance that the fledgling company will fail and you will lose all your money. Some traders will try to drum up penny stocks by hyping them as about to take off, but ALWAYS do your own research of the company beforehand to determine whether it is worth the investment.
Technically a penny stock is anything under $5 according to the SEC, but I consider it anything under $1 (and especially under $.50). I wouldn't recommend wasting money on one if you're just starting out in the stock market.
Thankyou so much for all your advice. I already lost of money buying big companies, I don't think I will get into penny stock. I think I will just pay my home with extra money I have each month.
The future of penny stocks and penny stock investing is very bright. It is changing and the people that are going to make money are the ones that adapt to it.
I am very interested in penny stock, but how would I find out, is there some kind of web site where I can see all the penny stock company.
I checked Google web site, I see every thing there, different sectors. Just wondering if there is better way to see it.
Thanks.
Most people interested in penny stocks are attracted by the thought that you can make a 1000% return if the price goes up just $1. I see these advertised a lot right now. (Along with gold, sigh.)
Why not just take up day trading, trading on margin, futures etc.?
I think that penny stocks are more vulnerable to manipulation, unequal information etc. and should be left to more seasoned investors.
Most people interested in penny stocks are attracted by the thought that you can make a 1000% return if the price goes up just $1. I see these advertised a lot right now. (Along with gold, sigh.)
Why not just take up day trading, trading on margin, futures etc.?
I think that penny stocks are more vulnerable to manipulation, unequal information etc. and should be left to more seasoned investors.
Not to sound like a jerk, but if the original poster was savvy enough to be profitable with exchange traded derivatives do you think that they'll even be asking about the pinkys?
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I see these advertised a lot right now. (Along with gold, sigh.)
