That’s it. I have never bought? actions before, but I have some money? the bank (yes, crazy place to leave your cash? s Supp? commentary) so I thought? it would be less crazy to put it in the stock market right now. I found? a couple of penny stocks I buy and hold for a while. I just need some advice on the fa? Is to choose a vendor or broker.
Tags: order, Penny, should, some, Stocks, this, want, website
I don’t think you have a clue. Penny stocks are not investments. Penny stocks are almost always silly little trading games. Making money with penny stocks is very difficult even if you are a very experienced equity trader. I am sure I couldn’t pick out penny stocks that would make money and I am certain I know vastly more about equity analysis than you do.
Penny stocks are not beginner stocks. They are largely scams, bankrupt companies, tiny companies with no prospects of ever making money, pump-and-dump schemes, etc.. You can’t make money here unless you are very skilled (or unethical yourself).
This notion of “buy and hold” penny stocks is funny.
Invest your money in a SPY and I absolutely guarantee you will do better than in penny stocks.
You might want to read this article about penny stocks, they are highly speculative and risky.
http://en.wikipedia.org/wiki/Penny_stock
Penny stocks are horrible long term investments. Novice investors make the very critical mistake that a penny stock is a company that is just starting out or immature and just waiting to bust out. In fact, most penny stocks are priced so cheaply because the value and fundamentals of the underlying company is basically junk. The companies normally have very high debt, negative retained earnings, bad management, etc. Most penny stock companies will not be around for the long term as they are mostly smaller cap stocks, which have an extremely high long term failure rate. A penny stock is MUCH more likely to lose all of its value over the long term, than to make money. They can be fun to play with using small amounts of money, but NOT a very wise investment tool.
There are many comparison charts for online brokers
http://www.brokerage-review.com/
http://www.forbes.com/bow/b2c/category.jhtml?id=5
http://online-stock-trading-review.toptenreviews.com/
http://www.howthemarketworks.com./
http://stockmarket.makemoneyideas.in/
http://simulator.investopedia.com/#axzz1fc83KRM5 (simulator, and finance terms and definitions)
http://www.fool.com/how-to-invest/index.aspx?source=ifltnvpnv0000001
http://beginnersinvest.about.com/library…
http://www.mysharetrading.com
You might want to spend a few years learning about Penny Stocks first. In fact…. the best way to prepare for Penny Stocks is to have 5+ years of great returns with stocks priced above $5. If you can be successful with stocks priced above $5… you have a small chance of doing well with stocks below $5.
Keep in mind that financially strapped small companies are impossible to get any good information on. A website that claims they’ve researched a penny stock is either using bad data or are lying to you. Most are simply scams or people that are fooling themselves.
I rarely trade stocks below $5. The simple truth is….. I make money trading stocks above $5…. why gamble with stocks below $5????????? It simply doesn’t make business sense.
I recomend to buy on http://tinyurl.com/stockhuge
Thanks