would it be smart to invest in big stocks like verizon and cigarette companies now? or a small penny stock?
like 3-5 thousand
Public Comments
- Before you consider investing in penny stocks take a trip to Vegas and play roulette. The chances are a lot better in Vegas.
- It is NEVER smart to invest in penny stocks! There is a very good reaon why their trading price is in the toilet. VZ is a great place to put your money right now, especially with the awesome dividend rate. I also like MO.
- Small cap and micro cap [penny shares] stocks ARE ALWAYS volatile and risky!!!!!! Buy fewer shares of a higher priced stock - above $20/share which consistently trades more than 500,000 shares per day. Doing anything less means you might get caught in a "Roach Motel".. You can get in, but you can't always get out when want to. Thanks for asking your Q! I enjoyed answering it! VTY, Ron Berue Yes, that is my real last name!
- These guys telling you to stay away from penny stock have no clue what they are talking about. My experience with penny stock is they usually do not move for a while, only to eventually either be bought out by a larger company or to shoot up past a dollar. I've only had 3 penny stocks that led to no where. Basically you just have to research the company and look ahead and see if there is a future for that company. One penny stock I have which is involved in renewable energy, went from 8 cents when I bought it, to 1.14 as of the moment I am writing this. As for cigarette stocks. They were doing pretty good while most other stocks were dropping the past few weeks. I don't know about Verizon, need to look into that
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