There Really Are Some Great Penny Stocks

It is time to trade penny stocks. There really are some great penny stocks out there! Don’t think that all penny stocks are scams. Yes, there are a lot of scams, but there are also some great gems to be found as well. So, don’t let people tell you that you should never buy penny stocks. The same thing goes with buy when people are scared. When people are selling that is when you buy. When people are scared, and panicking that is when you remain calm and buy up some good deals.

You have to research the company before you buy anything though. Do your homework. Know who the CEO is, know what kind of job they had before this company. Know about new products the company plans on launching. Find out about the employees of the company. How long have those employees been working for the company? Don’t be afraid to call up the company to do some more research. Most companies have an investor relations person there just to answer your questions. And if a company doesn’t have a number to call, then don’t buy their stock!

There are also a lot of penny stocks they offer a nice high yielding dividend. Owning the stocks that pay out dividends should most likely be held for the long term. So they may not be too many of these micro-cap stocks, but they are out there. Check out some REIT stocks right now, they do really well in today’s economy. When interest’s rates are low and unemployment is high, these types of stocks do well. They have extremely high yielding dividends around 10% to 15%! I plan to and have already bought up some nice REIT penny stocks. Since congress plans to keep interest rates low until the middle of 2013, I think these stocks are some of the best stocks to own right now. Of course, you have to watch out for when interest rates rise or if inflation hits.

Of course, you may want to buy the penny stocks that are undervalued and are a good strong company. However, don’t start day trading penny stocks of these means. You want to hold on to them for the long haul. A long-term investment. You will want to hold on to these ones for 20 or 30 years. These penny stocks are the gems that you go hunting for. Make sure to really research the company completely though. Check out the cash flow, analysis the financial statement, look at the history. There are several ways to buy penny stocks, learn how to start day trading penny stocks and learn how to start investing in penny stocks.

 

Protect Yourself from Penny Stock Fraud

 

Stock Market Tip: Protect Yourself from Penny Stock Fraud There are ways to protect yourself from these pump and dump scams though. Make sure the newsletters deliver good stock market trading tips. And of course, do some research. Read all about the company before you start trading. Read the press releases and make sure the writer is not being paid by the company. Read the financial statements. Read the charts. Read everything you can find. Although, some people can profit off of the pump and dump newsletters, you just have to know which stocks are being pumped and dumped.

Use the stock newsletters with fake money for a while. Don’t start using real money until you know the newsletter has truly good current stock market tips and tricks. Use fake money until you can consistently make profit using the newsletter. So, keep shopping around the newsletters until you find a great one. Use the fake money with all of them, don’t get hasty, be patient. There are good free newsletters too, you just must find them! However, they do say you get what you pay for, so beware. Although, there are indeed good free ones out there with free stock market tips and hot penny stocks.

I want to mention that research is very important again. However, sometimes you just don’t have enough time. Although, I don’t like to make excuses. To be good at anything you have to work hard. You have to research as much as possible, which I have mentioned many times I know, I just think it is essential. Try to read as many penny stocks books and stock market books as you can. So, work hard, and use the newsletter to your advantage. Let me know of any great ones you find or if you know of any stock market tips to save time. Sharing is caring, right? J Good luck in finding the right penny stocks newsletter for you! Have fun buying penny stocks!