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in the stock market books, warren buffett investing books.Many people have not even heard of penny stocks, however if you find a
hot penny stock then you have a chance to make a lot of money. Firstly,
what is a penny stock? Penny stocks are exactly what they say they are,
they are company shares that trade for less than a couple of dollars
i.e. pennies.
There are millions of people across the globe that invest in the stock
market. Many do not even know that they are investing in shares, however
if you have investments or a pension the chances are that your money is
invested in shares.
Why would you want to invest in penny shares? Well, there is the
opportunity to make a fantastic return on your initial investment. If
you buy a share for 10 pennies and the share increases to 15p then your
initial investment has grown by 50%. Now in normal share trading it is
highly unlikely to make quick profits and generate these types of
returns, certainly not quickly. With penny shares, a small movement in
price can generate a massive percentage increase in your investment. If
you buy a share for 10p and it even trades at just 11p you have
increased your investment by ten percent. Try doing that on normal
stocks and shares.
Source: https://www.youtube.com/watch?v=JQPhXFSnocw
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