Penny Stocks To Invest In
Even if your past investing has been strictly limited to your 401K and 0.25% interest savings account at the bank, you have probably heard of penny stocks. You’ve probably also heard that they bring about an incredible return on investment. It is not uncommon for a penny stock to double or even triple it’s price in only a matter of minutes. On the other hand, you’ve probably also heard that they are one of the riskiest type of securities. The truth is, both sides of the story are true. Yes penny stocks are risky, however when it comes to investing the more risk also means the greater potential for reward. The key is to minimize the risk and carefully choose to right penny stocks to invest in. So how exactly do you go about doing that? Well everyone has their own strategies, but here are some of my tips.
1. Look For Recent Gains: You can start out by scanning the NYSE, NASDAQ, and AMEX for all the stocks under $5.00 a share that are showing promising percentage gains. It is important not to be impulsive and jump on these right off the bat though. I’d watch them for a few days and see if they are still looking good.
2. Research: I would next do some research on the company. Maybe even check some analysts ratings.
3.Balance Sheet: Does it look like the company has enough cash and solid assets to stay alive for the next year or so?
By doing these three things, you can minimize a lot of risk when finding penny stocks to invest in.
Learn how I get exclusive insider leads on the hottest penny stocks each and every month. These leads have helped me literally triple my investment each month for the past 6 months. For more details, visit my website Penny Stocks To Invest In