BigBen
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Check this out:
Three Reasons You Should Not Buy Penny Stocks (Yet)
http://www.stock-investment-made-easy.com/buy-penny-stocks.html |
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Nikolas S
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The best way to start with penny stocks is to stay away from them and as far as you can be. |
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wartz
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You can research them on Yahoo Finance and Pink Sheets. They are all very speculative. Don't invest much in any one stock. Don't invest any money you are not prepared to lose and don't believe any spam investment advice.
If you can read a financial statement you will see accountant's horror stories. A lot of them have negative capital accounts and look like they should be in bankruptcy and most of the others are operating on a shoestring. |
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deltafoxtrotwhiskey333
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You shouldnt start with any money as a beginner. Try to find any sites that can do virtual trading, basically doing it without money so you can learn the basics without spending any money. |
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Katherine W
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I promise you that if you put $250 into Exxon, buying from the company directly, and letting dividends accumulate, you will do better than with any penny stocks in just six months to a year. I PROMISE you.
BTW, those penny stocks you hear about in email? Google the term "pump and dump" and you'll figure out how you're going to get cheated. |
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William C
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Waste of money. Pick one stock, buy and follow it on a daily basis. My opinion is that the market is one of the few places an average person can get rich. I did and I am below average. Investing,in place of buying things that will never make you money, is the secret. Never pay interest on anything that is not going to increase in value, including a car and credit cards, nothing. |
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Doug favors universal insurance!
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I buy 100 bucks every couple of months, If I do not make any money, I have not lost much. Look at it this way, at least with penny stocks you stand a very small chance of getting your money back, when you play the lottery and do not win, you have no chance of getting your money back. Now how to find and research them, I am still learning that. Google and Yahoo was once a penny stock... Great question |
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Barry R
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http://www.top10traders.com has some great ideas from the best traders on which penny stocks to buy. Here are this month's best traders and their biggest positions (many are penny stocks):
http://top10traders.com/Top10Standings.aspx |
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justhefacts
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Buy quality. It isn't about how much the stock costs, but the percentage growth.
Sharebuilder.com
or
Direct buy programs from companies.
Go to the investor relations site on the company websites. Many companies allow you to buy stock directly for little money. |
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kevinjohnbrown
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There is a very good reason why these stocks are worth pennies. |
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Rick B
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The best way is to NOT do it. Do you have some hot tip about these stocks, or are you just going to randomly pick a bunch and hope they go up?
Not a very good investment strategy. |
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Proud Spainard 88
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Take my opinion on this they suck and are not worth the aggrevation. Buy the four dollar stocks instead. You will not regret the decision. Be smart and watch the market in China! |
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