Happy Friday everyone! I wanted to do a post about investing today, because I would guess that a lot of you think that you need quite a bit of cash to start an account. Actually, that's not true. Penny stocks require a minimal investment, and can be a fun and easy way to jump into the world of investing!
You might be wondering, what exactly is a penny stock? Basically, a penny stock is a stock offered by a small to medium sized company. They will usually cost less than five dollars per share of the stock.
In the past, the only way you could buy penny stocks was through a broker. But, did you guys know that you can also buy these stocks online? You can buy them at pretty much any time during the day - no more waiting for a broker to get back to you! It's also very easy to create an online account and get started on your own.
With any investment, it is so important to DO YOUR RESEARCH before buying anything! There is always some type of risk involved. Try to get to know as much as you can about the company, how it is making money and where you see the company going in the coming years. There are many resources online that can show you some penny stocks to watch.
Don't be afraid of the stock market! Penny stocks are a fun (and cheap!) way to begin investing.
0 comments: