Stock Markets Exposed
investing for penny stocks?
does anyone know of any good companies to invest in that are expected to gain money, whose stocks dont cost that much (penny stocks?) also, i heard that it is good to invest in gold for penny stocks. is this true, and if so, what companies would be good?
Public Comments
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- Not a wise investment
- I wouldn't gamble my money after nrk seriously. I work as a stockbroker, it's not worth the risk!!!!
- Be careful, penny stocks might seem attractive because of the low cost of each share but you must buy these in bulk to see any real gain or profit. It also works the other way...for instance.... .08 a share - you buy 50k shares ($4000.00)- share closes for the day up .02 - you make $1000...(homer simpson woohoo!!!) - next day shares closes at .05 - you just lost $1500 of your initial investment - (doh!).....what should we have done....well sold at .10 thats for sure. As you can see even though the penny stock market looks inviting because of the low share price, if you don't know what your doing you can lose everything or a good portion of it within a few days or hours. I suggest talking to a trading agent first to help you decide what type of investor you are and what type of stocks are good for your money. Just remember to treat the shares of stock you are interested in, like buying a new business...the more you research the market the better your chances to make money!
