What are some penny stocks worth investing in?
Looking to go into the stock market for the first time and I have 1,000 dollars maybe a little more that I am willing to jeopordize to possibly gain more money. What stocks should be ones to follow and look into and how many shares should i put into a particular one?
To be honest, I would completely avoid them. In order to make a sound investment you need as much knowledge about a stock as possible. Penny stocks are so speculative and are not very forthcoming with their figures that you truly cannot gauge the success of the company. It is awesome you want to get involved in investing. My suggestion would be to first look into the industry you like most. If you love sports, check out stocks within that industry (like Under Armor [UA]). This way you already have an interest in that sector and you will want to stay in tuned with the sectors overall performance. That way when you are learning to read the plethora of metrics and analysis formulas, you can easily apply it to an area you are already interested in. If you are looking to get in, first check with your employer to see if you have a brokerage account for your 401(k) (assuming you have one). You can easily setup a separate account over the phone with them to trade stocks. If not, shop around with the online brokers. When you find one you like you can call or follow the online prompts to openning an account. Just be sure to read the fine print regarding their commission rates. Generally the ultra-low, flashy rate is for investors who engage in over 120 transactions a year (which is very, very expensive). Good luck and have fun with this!!!
What’s more profitable investing in penny stocks or Blue chip stocks?
Which one is more likely to make me a very wealthy person? I’m only in it for the wealth….I’m not even going to lie to ya. LOL Can a person get rich off of one share of a Blue Chip being that it keeps on reinvesting itself over a course of 3 years. Example: If I had 1 share of Wal-Mart stock and I just kept it for about 5 years. How much money would I see being that the profits just reinvest into the share?
You might see no profit or you might lose money – there are no guarantees of making money with investing in stock or bonds or mutual funds
nothing increases in value ALL the time – look at house prices – they dropped 20-50% in the last 3 yrs and still haven’t bottomed out in most areas and most stocks lost 30-40% from fall 2007 to spring 2009
you can only “reinvest” if a stock pays dividends and most stocks DO NOT pay dividends and even those that do, can still wind up losing money if the stock price goes down
very few people get even moderately wealthy just from investing and most of those that do – it takes 20-40 yrs before they are wealthy
Penny stocks are about riskiest thing you can invest in – it’s closer to gambling then investing – you might not be able to sell your shares when you want to if all of a sudden everyone who owns that stock all want to sell and there are no buyers
penny stocks have very low trading volumes and you are at risk of insiders manipulating the stock price – if the stock is even ‘real’- watch the movie Boiler Room with Giovanni Ribisi
What are some good stocks to invest in for a week that are going up fast?
I need 3 stocks/penny stocks to invest in but only for the next week, its for a class project and hes only grading us on how our stocks do for the next week or so, so i need something going up fast.
Here are three (tickers are in parentesis)
MGM Mirage (MGM)
I want to buy penny stocks, should I or should I not?
I work maintenance at a small brokerage firm. I understand all the information on how to go about this. I have learned the tricks of the trade and understand everything of the terms.
I have a 401K at the job along with some stocks. I understand it’s for my future, but at the moment I need something to show for it.
Should I invest in penny stocks?
Penny stocks are the slums of the investment world. Few people ever make it there. If you really want to make some good returns that aren’t some pie in the sky, choose something more solid and realistic.
how do i find info on penny stocks ?
I’m looking for some info on some good penny stocks to invest in.
I am going to break this down real quick for you. Penny stocks are the closest legal thing to fraud you are going to see. The sites you are finding, especially the one listed above, are actually owned by boiler rooms and companies listing on the Pink Sheets. So the information they are distributing is artificially hyped. This means this information you are receiving is specifically designed to stir you up enough to invest in them. It is not completely substantiated.
Moreover, these companies are penny stocks for a reason. While not ALL penny stocks are bad (because technically, a penny stock is a stock that trades a $5 or less), as there are many that are listed on the NYSE, NASDAQ and AMEX. These stocks are required to perform at a certain level and issue financials in compliance with GAAP and the SEC…when they fail to meet these standards they are dropped to the OTC (over-the-counter) and listed on pink sheets.
This is why they are so risky. NO ONE IS MONITORING THEM. So don’t buy them. Please. Just don’t be conned into thinking there is fast money to be made there.
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