Do penny stocks ever develop/can you learn from them?
I have a website that I’m thinking about joining to invest penny stocks. I know it’s not going to be Donald Trump type of investing, but gaining a little extra and have some fun learning and working with stocks might be interesting. What is your option/experience with them?
Yes, you can learn how to lose money from them. Penny stocks are cheap for a reason: because the companies don’t make money for investors.
Why don’t you try Investopedia’s stock market simulator to practice investing first (see link in the source)? Buy some penny stocks if you think it’s worth it, and watch what happens. 95% of the time the investment will lose money.
November 6th, 2009 at 4:48 am
Do not join a website that preaches investing in penny stocks, they are penny stocks for a reason, either because the company is failing or because they massivly deluted their shares.
If you want to learn about investing visit http://www.fool.com, its good stuff.
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November 6th, 2009 at 5:01 am
If you want to have fun learning and working from stocks start a watch list of these stocks and record your profits and losses for a month.
Take a sum and invest in your watch list and you will learn the answer to your question. Also this will keep money safe while you learn. P.S. A watch list is just that: a list either on computer or paper monitored daily.
Have fun!
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November 6th, 2009 at 5:31 am
Personally, I believe they’re a waste of time — there’s a reason they’re so cheap. If you get lucky you might find a diamond in the gravel but you won’t be consistently lucky.
Save your money, learn all you can about investing, and then you’ll be more prepared to make good decisions and money.
Good Luck
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November 6th, 2009 at 6:10 am
penny stocks are pointless and are asically just throwing your money away.
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November 6th, 2009 at 6:35 am
Yes, you can learn how to lose money from them. Penny stocks are cheap for a reason: because the companies don’t make money for investors.
Why don’t you try Investopedia’s stock market simulator to practice investing first (see link in the source)? Buy some penny stocks if you think it’s worth it, and watch what happens. 95% of the time the investment will lose money.
References :
simulator.investopedia.com
November 6th, 2009 at 7:05 am
It can but usually never. The lesson you can learn from them is that stop while you’re ahead. If you made money, move one because you’ll lose it very quickly afterward if you don’t sell.
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November 6th, 2009 at 7:41 am
hi
my name is yusuf sahin
i did invest in penny stocks it seems like i am doing just fine
only suggestion they have out there do not invest in penny stocks
if you can afford to loose whole investment
anyways here is couple of them do a little bit of research
(ignt) i have invested in this bought from 0.0019 jumped to 0.01
i made afew box it went down to 0.0027 again i bought it again
i suggest you put couple hundred see what happens
another one (symw)
its around 0.0007 i believe it will go up i did invest in
References :
scottrade