Stocks and things

[Drkstrish]

I have been contemplating the idea of playing in some penny stocks lately, I've set aside a tiny bit of cash to play with. I just dont know exactly how to go about it, not sure the best place to actually do this. I have no intention to do something with a stock broker or anything like that I don't plan on using enough money to make it worth that kind of work. Any suggestions for good websites to do penny stocks, or just stocks in general?

[Elesirdur]

Merely a piece of advice, but if you're on an investment budget that can only afford penny stocks, and you're not already well versed in stock or securities trading, you're probably better off just buying lotto tickets. If you want to do it for fun and are willing to lose all of your money very easily then, by all means, go for it - but to the untrained you're as good as gambling. There are all sorts of online brokerage services, though I'm not sure how well they serve smaller stock exchanges like venture exchanges which feature many highly volatile penny stocks.

If you really want to grow your money, go to your bank and book an appointment with a financial advisor.

[toonces]

Here is a website that sorta emulates the stock so you can trade for fun:

http://www.weseed.com


As above post said, most of the money made on stocks is from big investments, luck or knowledge. I would go to a financial advisor or if you don't have a job and want somethign to do in the summer, get a swift trade job for the summer.

[BarthelloSylph]

As a business PhD student, I'll second what the first reply said.

[Kainos]

stay far away from penny stocks, 2 reasons

1. They are not as regulated as normal stocks and have much smaller requirements to be listed on the exchange. This means it's a VERY HIGH risk of being connected to a boiler room/scam

2. Big Financial institutions don't touch them so there is no support, meaning a very thinly traded stock

Yes, you can get lucky on a penny stock but more than likely you'll get steamed. You'll have the same chances at a casino and have more fun doing it. There are plenty of low priced stocks ($3-5) that trade on the NASDAQ or NYSE that you can look for, no reason to throw money in the wind on a penny stock

[Izzy]

Buy NYSE:C. That shit is so undervalued it's not even funny.

Give me 5% of whatever you make.