Penny Stocks How To Get Started
New to market …appreicate any opinion.?
I am just starting to look to invest in stock market for fun part time. I dont’ want to risk a lot of money just something i want to learn and have fun with. I heard about “penny stock” which sounds interesting which i dont’ mind. I am not trying to get rich or do it as a primary job or anything. I would like to know what is the best way to start investing around 100 dollars or so and have fun with it what i mean by that is to watch it go up and down and hopefully don’t loose it all in 2 seconds. I figured it’s almost liek playing the slot machine. Any comment on how i should start? which website i should go to ? Where would you recommend to open a trading account? should i try the penny stock or trying something with more money? Thankx..
o.k. – this may sound like a commercial, but I don’t mean it to be…
open an on-line discount brokerage account. you can’t beat scottrade.com (costs $7 per trade)
watch the show Mad Money on CNBC (or MSNBC? i forget) (airs daily at 6:00 pm and repeats at 11:00 pm). You don’t have to do everything Jim Cramer says on the show, but you’ll get a lot of information here – and fast. Watch for a couple weeks, and you’ll see the same stocks mentioned over and over (the good ones and the bad ones).
as already suggested – do -not- buy penny stock.
also do not buy mutual funds. you may not be able anyway as most (?) funds now have a minimum investment much higher than $100.
Good luck, and have fun.
Beware the NIA Penny Stock Pump & Dump
