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I have a 1000 dollars invest what are some good penny stock/stocks to invest in?

Iam new to investing and not really sure where to start i was thinking of putting 1000 dollars into Sharper image which was at 15 cents per share then went up to 23 per share today. If this is not a good investment what are some good investments like penny stocks or where should i start. also could you give me the symbol of some good investment stocks to maybe look up.

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  3. If you don't have the experience or don't think you have the time to monitor stocks as their values change, I really suggest you seek out a professional investor, possibly some Mutual Funds advisers. You can start by asking for "Mutual Funds" at your favorite bank. There are a few things you need to be aware of beforehand, however. Mutual Funds is a risky investment and rarely comes with a guarantee. If the investor or financial adviser makes a mistake and invests your money in the wrong place, the value of your stocks may go down, hence you may find that you have lost money. Of course the investor would also lose his or her share. If the investor makes a profit, both you and they will gain. Having said that, you also need to know that the bigger the risks, the higher the rewards. You risk losing up to 1 or 2 % of your capital investment, in addition to not earning any profit for not investing your money at a bank (whose risks are low and rewards are equally low for a CD--about 2%). However, you might also hit the jackpot and, if your investor is well experienced and makes the right choices, may make a profit of 10 or even 15% of your capital. Nevertheless, until about four years ago, most Mutual Funds investors used to make about 2-6%, on average. So the final advice I would give you is to go to your bank and request to talk with a financial adviser. Then, ask him or her about the average or expected gain, as well as whether $1000 is within the minimum amount to start an investment (most Mutual Funds investors accept even a minimum of a few hundred dollars to start with). Also, ask him or her about the penalty if you want to withdraw your money prematurely. Finally, ask the bank associate about CDs (Certificates of Deposit) and compare its interest with that of the Mutual Funds, and make your choice accordingly. Good luck.
  4. Hi Amy, The best way to invest in penny stocks is to subscribe to a good newsletter and forum. There is a lot of junk out there, but I have found a great newsletter with consistently great picks. It is an extremely popular newsletter. It’s $47 one time to sign up for the newsletter, but as soon as you do they put $50 into a trading account for you. $3 profit right off the bat :-) You have 8 weeks to test drive the newsletter and if you don’t like it they give you a no questions asked refund. From what I understand they hardly ever get a request for a refund though. I know I’m not asking for a refund. I love it. Try it out. I know you’ll love it too! http://www.my-linker.com/hop/HotStockNewsletter
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