What is a penny stock?
A penny stock is any stock that trades below $5 a share. Sometimes they can even be lower than $1 a share. Most penny stocks are traded over the counter (OTC) through quotation services like the OTC Bulletin Board and the Pink Sheets. There are thousands of penny stocks trading on these services. Penny stocks are considered attractive because you don’t need much overhead or initial investment capital to buy them.
Where can I buy penny stocks?
The easiest way to purchase a penny stock is by opening an account with a stock broker. There are many online brokerage firms to choose from including: TD Ameritrade®, Scottrade® and E-Trade®. Pay attention to any penny stock brokers commissions and transactions fees as they can eat away at your profits.
How much money do I need to start trading penny stocks?
Most brokers require $500 to start trading penny stocks. You do not need much initial capital to begin investing in penny stocks but check with your preferred brokerage firm for what the minimum amount is required to set up your account. Never use your entire portfolio for penny stocks.
If I invest in penny stocks, where can I track them?
There are many websites that can help you track your penny stock investments. Some include Yahoo Finance and Google Finance. Both provide financial news, stock market information, and data and information about companies.
How do I find good quality penny stocks in which to invest?
By signing up for Pennystockhub.com’s FREE newsletter, you will get alerted on penny stock companies listed on the OTC Bulletin Board, and even AMEX and NASDAQ that we believe have short and/or long term potential.
How safe is my money in theses stocks?
Much like any kind of investing, there is always risk. Although penny stocks can be more speculative than other investments. It’s important to educate yourself thoroughly when it comes to penny stocks.
What kind of penny stocks will Pennystockhub.com alert me to?
Our alerts are penny stocks that are listed on the OTC Bulletin Board, NASDAQ, and AMEX.
How often will I receive a newsletter?
Our newsletters are sent out on a fairly consistent basis on a variety of stocks that our analysts and researches believe are undervalued and should be alerted. You may receive our newsletter once a week and sometimes even more. We send out information as often as we deem necessary in order for you to be well informed and have all the latest news available to you.