Many new investors are lured to the appeal of a penny stock due to the low price and potential for rapid growth which may be as high as several hundred percent in a few days.
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Similarly, severe loss can occur and many penny stocks lose all of their value in the long term. Accordingly, the SEC warns that penny stocks are high risk investments and new investors should be aware of the risks involved but you can even make very big money. These risks include limited liquidity, lack of financial reporting, and fraud. A penny stock is a common stock that trades for less than $5 a share. While penny stocks generally are quoted over-the-counter, such as on the OTC Bulletin Board or in the Pink Sheets, they may also trade on securities exchanges, including foreign securities exchanges. In addition, penny stocks include the securities of certain private companies with no active trading market. Although a penny stock is said to be "thinly traded," share volumes traded daily can be in the hundreds of millions for a sub-penny stock. Legitimate information on penny stock companies can be difficult to find and a stock can be easily manipulated.
You shouldn't!
OK, call me old-fashioned but the consenus opinion is that you should only think of stockmarket investment when you have taken care of more pressing demands on your funds. That is education, employment, marriage (?), children, holidays, housing, pension.
Otherwise spend as much as you can afford to lose. Better than gambling, drugs or alcohol, I suppose.
I am 17 years old and I have a job but I want to invest in stocks. But my problem is that I only work minimum wage and my paycheck is usually about 150 $ every two weeks. I guess my question is how much money should I use to buy stocks. Please give a detailed answers. Thanks!
