Comments on: What’s the approximate initial cost of investing in penny stocks? http://www.daytradingtips.net/penny-stocks/whats-the-approximate-initial-cost-of-investing-in-penny-stocks Day Trading Tips, Stock Trading, and Stock Markey Analysis Fri, 27 Jan 2012 12:42:59 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: vvswarup http://www.daytradingtips.net/penny-stocks/whats-the-approximate-initial-cost-of-investing-in-penny-stocks/comment-page-1#comment-2636 vvswarup Wed, 10 Mar 2010 07:14:59 +0000 http://www.daytradingtips.net/penny-stocks/whats-the-approximate-initial-cost-of-investing-in-penny-stocks#comment-2636 I can't speak for other brokers but my broker is Scottrade and they charge $7 per trade. For stocks under $1, there is an additional charge of 0.5% of the value of the investment. Let me point out that penny stocks are a bad investment. Penny stocks describe those companies whose stock cannot be traded on an organized exchange like the New York Stock Exchange because the company does not fulfill one or more of the requirements of the NYSE. Penny stocks are typically traded over-the-counter (OTC), also known as the Pink Sheets. Investing in penny stocks is highly speculative. As an investor myself, I would not recommend penny stocks for anyone. Instead, I would recommend safer investments like mutual funds and index funds.<br><b>References : </b><br> I can’t speak for other brokers but my broker is Scottrade and they charge $7 per trade. For stocks under $1, there is an additional charge of 0.5% of the value of the investment.

Let me point out that penny stocks are a bad investment. Penny stocks describe those companies whose stock cannot be traded on an organized exchange like the New York Stock Exchange because the company does not fulfill one or more of the requirements of the NYSE. Penny stocks are typically traded over-the-counter (OTC), also known as the Pink Sheets. Investing in penny stocks is highly speculative. As an investor myself, I would not recommend penny stocks for anyone. Instead, I would recommend safer investments like mutual funds and index funds.
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]]> By: Gaytheist Buddha http://www.daytradingtips.net/penny-stocks/whats-the-approximate-initial-cost-of-investing-in-penny-stocks/comment-page-1#comment-2635 Gaytheist Buddha Wed, 10 Mar 2010 06:53:59 +0000 http://www.daytradingtips.net/penny-stocks/whats-the-approximate-initial-cost-of-investing-in-penny-stocks#comment-2635 On-line brokers will charge $7 to $20 per trade, if those stocks can even be purchased through a broker. Penny stocks are a terrible investment. Put your money in the bank or buy index-based mutual funds.<br><b>References : </b><br> On-line brokers will charge $7 to $20 per trade, if those stocks can even be purchased through a broker.

Penny stocks are a terrible investment. Put your money in the bank or buy index-based mutual funds.
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