[mage lang="" source="flickr"]where to invest in penny stocks[/mage]
I have a 1000 dollars invest what are some good penny stock/stocks to invest in?
Iam new to investing and not really sure where to start i was thinking of putting 1000 dollars into Sharper image which was at 15 cents per share then went up to 23 per share today. If this is not a good investment what are some good investments like penny stocks or where should i start. also could you give me the symbol of some good investment stocks to maybe look up.
Before you invest your money, I suggest that you look at the 5 aspects of a company first, that way you will have an idea.
First the company
>> How long had they been in business
>> Are they legal
>> Are they a New York Stocks Exchange Company (NYSE)
—This is relevant, because only real companies may do trades on the NYSE, (So you better watch out for those get rich scheme out there, if they are not trading in NYSE, then most probably they are a scam.
>> Also if the company is growing, you will see them highlighted on Money Magazines, like Forbes, Business Week, Fortune, Success, Financial World and alike- This is a 3rd party validation, meaning they are recognized by others
>>Their sales history for the last 15 years, why 15 years not 1 year? This shows how stable they are
Second the NEED/Marketplace
>>Does the company’s product in need? If it’s in need then people will want it, if the demand is high so is the income or revenue, which means their stocks will go up.
>>Marketplace–Is the market saturated with the product or only few people have it? If only few people have it, that means there is a HUGE potential for making money out of it, because others would want it, remember the NEED.
Third the Product
>> You need to know if the product is
Affordable for people to buy
The NEED for the product
Some examples to think about is, what are the major problems in United States today, and then you go back and look at the product, if the company’s product is the solution, if it’s good and affordable- Then yes you will make money out of it.
See stocks goes up and down depending on 2 basic principles Supply and Demand. If the supply is low and the demand is high= HUGE $$$
Fourth the Compensation
>> How do you make money out of it, is it by just buying the stocks, or are you investing some money now to make more later?
—-See the problem is, because of a lot of scammers out there, few good companies also are judged without being evaluated first, so what do I mean by that.
What I mean is, nowadays when you have to put out money first so that you can make money, or if a company asks you for money first, they say it is most likely a scam.
My 2 cents on this is, it is not always the case. Ok you go to school and study Medicine, Law or Engineering– Why did you study? So you could get a job that pays good ( Urrrmm, did you have to pay them first? Most likely you would say, oh I have a grant, ok but still it is payed first right?) SO is that a scam?
Ok you said you have 1000 dollars, you actually are making a risk, and putting money out of of your pocket- My question would be, how sure are you that you will not lose that money?
But would you consider investing less money instead?
If you are doing a business, do you get paid before you start your own business or do you get paid better after you have established your business, see, when you start your own business it will not take off right away, if others say you will get 1k in a day or a week right a way, well you better watch out, but like I said there are few good companies out there.
>> I actually know one, but I will only show you if you are really motivated, enough.
My questions would be
Do you have extra time?
Are you motivated enough to make money?
Are your options open to make an extra income?
Do you like to share your thoughts and experiences with people- like when you watched a good movie or ate a good food on a restaurant, do you tell them to people?
About the company I am with
We have a unique product
It is a solution to some of the major problems that US has, why some? Well we don’t have the cure for Cancer,
Yes the company actually trades in NYSE and has been established more than 3 decades.
I forgot the 5th is- TIMING
so actually now is the best time to join the ride, as we are about to sky rocket, I wanted to offer it to you so 5-10 years from now you can go ahead and look back, and tell to your self that you are glad you grabbed the opportunity.
You may or may not like it, but the opportunity is here in front of you, so what are you going to do about it?
Does it include selling?My question would be, if you ate a good food, would you tell it to your friends or to someone else? You referred them to that restaurant you just ate at, and they go and eat over there, do you get paid for referring the restaurant to them?
How about a music or a dvd or a movie that you liked, you actually tell i to people right, but you don’t get compensated for that. But still you do it.
What we have, people need, the good thing with this company I am with is, when you start you give more time to it and earn some money, but as you go and build your business, you will spend less time and make more money.
(Draw a bow, and inside the box draw a line from one corner to the other, just one line, and then on top write TIME and at the bottom write Money) so that is a graphical view of what I am saying.
Like I said, you may or may not like it, but you could get more for visiting my website, reading some information and watching some movies.
Otherwise, the 5 areas that I gave you, you can use to evaluate a company, if you can make money with them or not.
If you want more information about the company I am with, then send your request to jansoph[@]gmail.com or here on meanne0729[@]yahoo.com
I hope that answers your questions.