There are those who hate penny stocks and feel that they are too good to invest in them. Those who have had success with penny stocks would disagree though. To cut to the chase penny stock investing is about buying very low priced stocks and trying to make money fast. Penny stocks can be a lot of fun and are very exciting if invested in correctly since they have the potential to produce greater returns than typical stocks.
Risky? Yes of course, potentially very profitable? Most definitely! Investing in penny stocks can be very risky but the potential rewards are what keep people coming back. The biggest risk is that you will be investing in relatively unknown companies with little to no history. On the positive side we are talking about ground floor opportunities that most people dont care about. A lot of people just assume penny stocks are worthless since they are priced so low. This is definitely some erroneous thinking since they dont realize the potential profits. It is not uncommon for penny stocks to jump 50% to 100% or more in day. They can of course jump down just as fast as they went up but this is not always the case. So you see there is quite the potential to double you money or better in just a matter of hours. That is quite exciting and sort of an adrenalin rush! The goal here at Best Penny Stocks and Picks is to give you great free information so you can make better investment decisions. We also want to generate excitement and get you more interested in investing period if you have been sitting on the fence and scared to take that first step. We recommend just trying a little money in the market at first to get you feet wet and see if you like it. Heck, with penny stocks you can invest just $10 if you want. Who knows, maybe you will find it fun and see it as a new hobby. Millions of people play the stock market every day. This includes people investing in penny stocks for quick profits. Many people still use brokers but more and more people are using online trading accounts now like ETRADE and Scottrade. We would hope that the information contained in this site will help you in your trading experience. Go ahead and explore all of the articles and use the information to your advantage.
ABOUT THE AUTHOR