A penny stock in general trades for under five dollars a share, and as the name implies, sometimes for pennies. Most of the time they’re young companies, or start-ups in speculative markets like mining or technology.
Buying Canadian penny stocks can lead to a big payday when you make the right choice. But the odds against success are high. Penny stocks are almost always involved in riskier ventures, such as finding mineral deposits that can be mined at a profit, commercializing unproven technologies or launching new software.
What’s more, it’s hard for any new company to grow into a profitable business, and it’s even harder in pioneering fields. But it’s relatively easy to launch a stock promotion that purports to have answers to social problems or ways to profit from emerging technologies.
That’s why penny stock promotions are always more common than legitimate start-ups. Penny stock promoters love to make deals—however indirect—with major, household name companies. They find it far, far easier to sell stock to the public if Goldcorp, BHP Billiton or some other major mining company has agreed to look at possibly financing exploration of their mining claims, or if Apple or Intel or some other household-name multinational has agreed to make them a “channel partner” and perhaps someday sell their revolutionary software or “cloud” application. The link with a major gives them instant credibility, especially with investors who are willing to buy penny stocks.
In fact, when a penny stock shoots up on the news of big-company involvement, and the property/program/revolutionary software is still in the early stages of development, it’s often a good time to sell.
There’s room for penny stocks in your portfolio, but at TSI Network we recommend our three-part Successful Investor strategy for the bulk of your portfolio:
1- Invest mainly in well-established, mostly dividend-paying companies;
2- Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; Consumer; Finance; and Utilities);
3- Downplay or avoid stocks in the broker/media limelight.
Don’t buy a single penny stock until you read this FREE Special Report, TSX Penny Stocks: Hot Canadian Penny Stocks and How to Invest in Penny Stocks in Canada.
You can search high and low for great penny stocks—but in penny stocks or games of chance, the odds are not in your favour. Time works against you. The longer or more often you play, the likelier you are to lose.
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When you look for penny stocks to buy now, look for strong business prospects, a sound balance sheet, experienced management and more. Otherwise you are likely taking on too much risk
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If you want to hold speculative investments, think carefully. Speculative stocks may offer significant returns to investors—but they will also carry considerable risk.
Speculative investments are higher-risk stocks with uncertain prospects. They are far riskier than what we call aggressive stocks—stocks with sound prospects, but that… Read More
Take a look at the top 10 penny stocks in any portfolio, and you will see these things in common—all of which are necessary for succeeding with these risky investments
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Bitcoin and other cryptocurrencies are highly speculative, but there are reliable characteristics to look for when hunting for the best technology stocks to invest in
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How to win more than you lose when investing in TSX penny stocks.
TSX penny stocks are those traded on the Toronto Stock Exchange, for pennies, or maybe up to as much as $5, like BSM Technologies (symbol GPS), NeuLion Inc.(symbol NLN), and Pulse Seismic (symbol… Read More
Strategies on how to find penny stocks should focus on pinpointing speculative stocks that above all have real value—and aren’t just promotions
A penny stock typically trades for under $5 per share, and as the name implies, sometimes for pennies. Most of the time they’re young… Read More
Investors wondering how to buy penny stocks need to avoid looking for a get-rich-quick stock and instead invest in speculatives with actual investment value
Penny stocks have appeal for some aggressive investors who aim to get into fast-growing stocks at what they describe as “the ground… Read More
This Canadian penny stock’s GPS serves transportation firms across North America.
Two-thirds of its revenue is from recurring contracts and over half of its business is done in the United States. While BMS appears to have some potential as a takeover target, it also faces… Read More
To succeed as an investor, you need to disregard or at least downplay investment marketing messages, especially with new investment innovations.
Investment and consumer companies both work hard on their marketing, because it can attract customers and spur sales. But investment marketing can do a lot… Read More
This Canadian stock is engaged in the development of high quality lithium.
The company has a lithium deposit with a forecast mine life of 33 years. It is also developing a new process to extract high-purity compounds that offer manufacturers fewer contaminants. The financing needed to… Read More
High costs, strong competition, and a lack of brand loyalty make pharmaceutical penny stocks very speculative investments, even if the company has a drug that’s reached commercialization
Major pharmaceutical companies are a more-speculative investment than most investors realize. They need a continuing flow of successful new… Read More
This Canadian penny stock has a growing foothold in the world’s largest copper operation.
The company is on target to meet this year’s production goals and expects to complete a major expansion project in the third quarter of 2018. Over the past two years, rise… Read More
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