What's the deal with penny stocks and everything?
2007-02-05 13:56:44 · 3 answers · asked by MANICAN 1 in Business & Finance ➔ Other - Business & Finance
If you don't have a lot of money to invest, go to the bank and discuss your options with an investment manager. They'll be able to give you recommendations for the best returns on your money. Mutual funds, Certificates of Deposits, Savings accounts, IRAs, etc. Once you have more, then you can probably look around to becoming more aggressive with your investments.
2007-02-05 14:01:12 · answer #1 · answered by JADE 6 · 0⤊ 0⤋
get a low discount broker like scottrade, etrade, ameritrade where commissions are low for the trades you will be making. this will mean that the stocks have to move very little to the upside in order to make a profit above your commission cost (when you do decide to sell).
take your time when investing and try and research companies a bit before jumping into a stock.
As far as penny stocks are concerned be cautious as you have to time them right because they are volitile however i have been doing very well from a site www.bullishinsider.com
i have been a member for a few months and doubled my money 2 times on 2 of their stock picks. best of luck to you!
2007-02-07 17:48:58 · answer #2 · answered by drinkbeerz128 2 · 0⤊ 0⤋
Talk to an investor...they can hook u up with all you need to know.......Good Luck!
2007-02-05 22:00:08 · answer #3 · answered by justmedrt 6 · 0⤊ 0⤋