I know how to invest if you have an account with a broker, but I do not have an account. And considering the low cost of these stocks, I do not want to pay a brokers fee.
2007-01-19 12:16:02 · 12 answers · asked by Anonymous in Business & Finance ➔ Investing
If a "penny" stock is any stock symbol that ends in .OB or .PK, then I would say there are some very good companies out there. I have made great money investing in wind energy companies like Tower Tech, symbol TWRT.ob. This company is around $2 a share, and $60mil market cap. This company make wind tower support structures, and with global warming this year's big issue, I think all of the following wind energy stocks will continue to do well:
http://www.top10traders.com/ViewPost.aspx?postID=61
You can find some very good penny stock investors at http://www.top10traders.com - you can see one trader's portfolio at the following link:
http://www.top10traders.com/ViewPortfolio.aspx?userID=350
As far as using a broker, you can buy through Scottrade.com - they offer $7 online trades for stocks over $1 per share. For stocks under $1, I think they charge an additional 1/2 % of the total transaction.
Hope this helps.
2007-01-19 13:11:36 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Hey,
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. They are notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: http://pennystocks.toptips.org
I definitely recommend subscribing to this site in particular. Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had. I especially like that he doesn't send out announcements left and right. I've signed up for other websites that fill my in-box with one company after the other. I don't know where to even start with so many choices in front of me! Nathan sends me one idea a week and that's all I need. Working so many hours during the week leaves me with very little time when I get home to start doing tons of penny stock research. I'm always eager to see what Nathan's next suggestion is each Friday and I love having time on the weekend to do my research.
As said above if you want to make money with penny stocks you have to follow some proven methods. This one in my opinion is the best: http://pennystocks.toptips.org
2014-09-22 16:26:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
In all likelihood, no you can't. Some of the dividend paying stocks have direct investment plans, however, given it is a penny stock, it is very unlikely this one has such a plan. The only way most companies market their shares to the public is through public offerings, which you have to have a brokerage account to access as well.
https://gateway.equiserve.com/igwweb/content/secure/InvestmentPlans/index_plans_new.asp?PlnPage=PlanSearch&PurchOption=
This is a list of direct investment plans...if it isn't on this, try the company's website. If that doesn't mention it...start shopping for a broker.
2007-01-19 22:00:35 · answer #3 · answered by Alan 3 · 1⤊ 0⤋
Open an online account with Etrade. then buy stocks that pay a dividend--it is called an "income" stock because no matter the price, they pay you the dividend. there is a "closed end mutual fund" that trades on the NYSE called Source Capital. the symbol is SOR. My Mom has had it for years. she got it at $28, and now it is at $66 so she gets the price increase + the dividend, which is just over 6%. You will be paying yourself with the dividend, and with that you can buy a few penny stocks and maybe one will go up. Some do. Go to Yahoo Finance and enter SOR in the quote area and do your own research on it. good luck! Your question is a good one.
2007-01-19 20:33:53 · answer #4 · answered by Maldives 3 · 0⤊ 0⤋
How does Trading Work? I can say you that take a look at this site ( http://forexsignal.kyma.info ) may be it can help you. It 's one of the best course about trading. It seems like Trading is almost totally based on Macro-economics. It also strikes me that since there are not nearly as many currencies as there are stocks/bonds/derivatives etc etc, there must be a large number of market players in each currency bracket. So logically, currencies must be very liquid true? Also, what is the risk of Currency trading, high or low? When I read the business section every day I notice that the Canadian loonie moves hardly a tenth of a cent on a regular basis (in comparison to the US dollar). So it seems like theres very little room for growth in currencies unless you leverage. On that note, whats the maximum leverage permitted for forex trading. I know in stocks its x2, and in derivatives its x10. Anyway the only way to know how to start a profitable buisness is by following some methods like the one that I suggested.
2014-10-04 04:35:49 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I think you pretty much have to use a broker. Try scottrade they are only $7 a trade. I can get you 3 free trades if I refer you though. Email me at cheepgobbler@yahoo.com if you want me to!
2007-01-19 20:22:32 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Some allow you to do that - most don't. I would just find a reputable discount broker.
2007-01-20 02:37:15 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Just flush your money down the toilet, because that's what penny stocks are. Just enter their stock exchenge symbol, press enter, and you will be able to follow their stock history.
2007-01-19 20:26:57 · answer #8 · answered by Anonymous · 1⤊ 1⤋
just go put your money on BLACK in vegas caused your odds are better than buying any penny stock.
2007-01-20 00:39:47 · answer #9 · answered by Dick Richards 3 · 0⤊ 0⤋
Some places will let you send hard money for things, but most won't. Gotta pay that money to trade.
2007-01-19 20:23:50 · answer #10 · answered by Modus Operandi 6 · 0⤊ 1⤋