How To Invest In Penny Stocks
February 1, 2009 by
Maintaining a penny stock website I’m repeatedly asked… “How To Invest In Penny Stocks” and the answer is pretty simple.
Step One… Decide that you will make investments systematically. There are many investors who may have taken one ill informed stab at penny stocks, watched it slide, and then turned their backs on what might have been a excellent chance for gains.
Step Two… Be sure that the money you plan to invest with is money that you can afford to lose. While we have a great track record at http://whisperfromwallstreet.com we’re only human and no one can pick winners 100% of the time. The most important part of investing is to do so regularly.
Step Three… Set up an account with an online brokerage house, many of these can be opened for as little as $500, and added to as necessary. If you don’t have $500 (see step four below)…
Step Four… Save a little bit every month that you plan to use for investing. While I can’t give you an exact percentage, 10% of your monthly salary would be a good starting point.
Step Five… Join a penny stock newsletter that you trust. How can you trust one, check their advice over time and weed out the ones that do not deliver.
Step Six… Prior to making your first actual investment, paper trade (practice trading) so you’ll know how you would have done from one day to the next.
Good penny stocks afford you the opportunity for quick and substantial return on investment. Even if you’ve been stung in the past, take the time to explore them in detail.
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Soprah, Ameritrade is an on-line brokerage house, which buys and sells stocks for you, while Vanguard is a mutual fund company. Mutual funds are collections of moneys from investors which are used to buy portfolios of stocks and bonds.
I highly recommend that you do not look for a "relatively quick return" as there is a lot of associated risk with this. You may loose more than you make.
There are lots of mutual funds. In fact, there are more mutual funds than there are stocks on the NYSE. Each of them has a prospectus and a clear purpose. Most of them are graded by Morningstar.
Keep in mind that there is risk in ANY investment, even US Government securities.
I wish you well,
Dan
online brokerage house
Ok,
Here are a few ideas.
Stocks, "O" Realty Income. Good company gives monthly dividend.
Mutual Fund, "TRAMX this fund focuses on Middle East and Africa.
Forex, FXCM managed account, this is my specialty.
I am an Introducing Broker and can help with account set up.
Check this link out.
Stock, DPD, gives monthly dividends.
Dow Premium 30. Not a bad selection either.
Mike
inmytreee@aol.com