There’s nothing inherently wrong with trying to get a list of penny stocks. Nothing wrong with knowing about those stocks and trying to find out more about the companies behind them.
My advice to you though is when you get a list of penny stocks don’t buy any of them. Why? You can’t buy a stock based on price alone. I can’t guarantee you’ll lose money if you do rush out and buy but I can assure you that if you do make money it will be because of luck rather then judgement.
I like to play poker, so I liken a list of penny stocks with the players in a poker tournament. Each one of them may pay you off, but each one of them could leave you broke. Once you get a list of penny stocks shouldn’t you be a bit more careful than the poker novice that jumps into shark -infested waters and gambles? Of course you should but what should you do?
When I first got a list of penny stocks I invested in the cheapest stocks, can’t recall how much they were but I do remember my money didn’t last long.
Before you even get a list of penny stocks you should have assessed the risks you wish to take and come up with an investment strategy depending on your tolerance to risk. Penny stocks are for the small investor (usually) one that is willing to take more risks than the high rollers, who like a steady return over time. I choose because I figured that these were small companies so far off the radar the big investment houses knew nothing about them so it would give me a head start.
If you do have a list of penny stocks here’s what you should do. Research every company, their finances, and their management. Look at market trends and look at the plans that company has for the future.
Penny stocks can be rewarding and frustrating in equal measure. Do not rush into investing by picking from a list of penny stocks, just do your research. If you can’t be bothered with research then have a look below.