How do I buy them?
2007-01-29 13:50:24 · 5 answers · asked by Levitra K 1 in Business & Finance ➔ Investing
Buy them through your brokerage just like you would any other stock. Some brokerages will charge an additional fee for shares traded whose price is under $1.00.
As for the BEST penny stock to buy...isn't that what we'd all like to know? With established mid or large cap stocks (big companies), there are certain things you can expect - such as dividends, or slow growth - from blue chip stocks. You can hope for, but should never expect, fast growth from smaller stocks of growing companies. With either one, thorough research of the company will increase your odds of having the stock perform in accordance with your investment strategy. With penny stocks, this is not the case.
Penny stocks may fail completely and you lose all your money. They may also increase 100 times, making you a nice profit. Sadly, with penny stocks, it's all largely guessing. There is little research you can do, and they aren't affected by normal trends like mid/large cap stocks. It's purely guessing for the normal investor. Unlike large stocks, penny stocks can be manipulated by anyone with a lot of money. A few thousand dollars could easily amount to hundreds of thousands of shares of a true penny stock, and the price could artificially rise or fall all on account of what one person with only a few thousand dollars decided they want that day.
With penny stocks, best of luck!
2007-01-29 14:16:34 · answer #1 · answered by Brett B 2 · 0⤊ 0⤋
Your question suggests that you're ripe to be ripped off or take some tip on a penny stock and lose all your money. Either scenario is not good.
Learn investing. Read a few good books. Work on an asset allocation. Buy Mutual Funds, ETF's, Large Cap stocks for a few years before even considering penny stocks.
Consider yourself warned.
2007-01-29 15:16:29 · answer #2 · answered by Common Sense 7 · 0⤊ 0⤋
You can buy them from your brokerage firm. (first, you have to open an account)
There IS a reason why the stocks are so cheap. You are taking significant risks getting involved in penny stocks. (meaning lostig it all) Cheap stock price means no body wants them. (far more people wanting to sell than people wanting to buy)
By the way, the term "penny stocks" refers to any stocks which stock prices are 5 dollars per share or less. It doesn't literally mean pennies. There is no such thing as "the best" penny stocks.
2007-01-29 13:59:27 · answer #3 · answered by tkquestion 7 · 0⤊ 0⤋
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You will have to wait between 3 and 10 days to get into the system in most cases. When I signed up it took 8 days. I wished it was faster, but if you can wait a week or two to start earn life changing money than you will have what it takes to make it in this business.
2016-02-16 15:34:42 · answer #4 · answered by Margie 3 · 0⤊ 0⤋
Penny shares could be prevented by using ninety 8% of the investors available. quite a hundred% of absolutely everyone with below 5 years of very helpful determining to purchase and merchandising experience with shares over $5 should not be determining to purchase and merchandising shares below $5.
2016-11-23 13:14:21 · answer #5 · answered by Anonymous · 0⤊ 0⤋