To buy good stocks: You got a penny? In my field of work you get many questions like this: "which is a good stock to buy?" And sometimes, depending on the person, I answer with another question: "You pot a penny?" People always look at me with a look on their face that says: "Is this a joke Guy?" Or "Is this guy for real?" Well no, I'm not kidding, and yes I am for real.
I gotta say is how I started, "penny stocks". They are one of the best stocks to buy because of the low cost they represent and the great opportunities you have to get money from the transaction. With normal stock, you will have to invest more than a thousand times more to start making real profits to their arrest. I'm not saying you should not invest in them, by all means do so. The fact is that if you are a beginner - even if you are already known - being with penny stocks is a wise decision.
But why?
Well, how many people have lost all their money in the stock market? Hey, it's not as rare as you might think! But people are starting to buy shares outside Apple all popular, IMB, Google, and all the other boys is great. Do you know how much inventory costs of some of these guys? It is $ 100 - $ 500, some reaching the $ 1000 +.
One hundred dollars is ten thousand cents! Although almost never a penny stock really costs just a penny, I think you can see my point of view. But come on a good penny stock purchase is not as simple as that. You must do your research, you're homework. Once you have spotted a penny stock, then all I can say is good work, good luck, and go! Because on your way to success, you will see many treasures could only dream of.
Posted on January 26, 2010.
