By Michael Pergrem
Everyone wants to know which penny stocks are on the rise. Well, you can do two things. You can trust somebody's advice on which stock will be a winner, or you can do one thing that 90% of investors skip and find out for yourself.
When you trust other people, they can be wrong. This means you are throwing money to chance when investing bases on someone else's word.
We want to reduce the risk as much as possible.
Reduce Risk with one Tool That Others Forget
The key to know yourself if a stock has a good chance of making you money or causing you to go broke is research. Research scare many people because they think it is impossible to do unless you have tons of knowledge and years of experience.
That cannot be father from the truth! Research is not very hard and anybody can do it!
Here are the Three Things You Must Research
- Who is the CEO of the company? Have they worked for any other companies? If so, how good did they do?
- What are the long term and short term goals of the company?
- How is the overall industry that the company is involved in doing? Is it on an upward turn.
If all of these factors are favorable, then you know for a fact that the company you are looking at has a great chance to go up in price. So before you simply trust your money in the word of another person, take a little time to make sure your stock will be a winner yourself!
If you find research to be a little confusing, you can find some awesome tools and resources here: Stock Research Tools
What a Difference it Can Make
Click Here For Penny Stock Prophet!
Just taking a little time can make a huge difference in your investing success! So start researching and I know you will be very please with your portfolio in the coming months! http://www.pennystocksmadeeasy.com
Article Source: http://EzineArticles.com
I have a web site where I give investment advise on penny stocks and stocks under five dollars. If theirs anyone interested in these type of stocks you can check out my web site by just clicking my name. I would like to comment about penny stocks what most investors fail to realize about so called penny stocks is that stocks trading under 1 dollar are really not worth investing in the real bargains are stocks trading between 1 dollar and 5 dollars a share. I recenly sold my shares in vonage holdings corporation for 5 dollars. I bought the shares in 2009 for 37 cents. This was a exception to the general rule most of the stocks trading under 1 dollar are not good investments. The way that you find low priced stocks that are worthy investments is to have as much knowledge and experience as possible about these type of securities. Only than can you profit tremendously from these stocks.
ReplyDeleteI have a website where I research stocks under five dollars. I have many years of experience with these type of stocks. I would like to comment about open table new issues are almost always bad investments the vast majority of these stocks are way over priced on purpose. I have been recommending to investors to stay away from these stocks and with the exception of stocks trading under 1 dollar that traded on the over the counter bulletin board or pink sheets. That if they decide to buy penny stocks they should stay with stocks trading between 1 dollar and 5 dollars a share that trade on the new york stock exchange or nasdaq. And only buy stocks that have up to date complete financial infomation available. apple computer was trading at only 5 dollars a share in 1998 today the shares trade at 380 dollars a share. and ford motors stock traded at just 1 dollar a couple years ago. Today the shares trade at 10 dollars. their are many stocks today that once traded under 5 dollars a share. I think stocks under 5 dollars carefully chosen can sometimes be great great investments unlike new issues.
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