What is the best penny stock out there?
tjlstud1379 asked:
Im 13 years old and i want to buy a penny stock, which one is the best cheap cheap stock
Im 13 years old and i want to buy a penny stock, which one is the best cheap cheap stock
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Tc- it produces molydbdenum which is not much in demand because of the economic slowdown. But it was once a 27 dollar stock
None, don’t buy penny stocks. they are not worth anything. Invest in mutual funds or companies that are least likely to go bankrupt. I suggest:
Bank of America (BAC)
Citi Group (C)
JP Morgan
Microsoft
Yahoo
StarBucks
A little more risk with more return:
DR Horton (DHI)
Whole Foods (WFMI)
Invest 25% of the money you want to Invest right now. Invest another 25% in the begining of January, another 25% in the begining of March and another 25% in the begining of May. It will average out a good price.
Do not invest 100% of your saving, keep atleast 50% of your savings in a CD.
Amerigo Res Ltd Com. Trading symbol: ARREF.
It’s trading for 26 cents a share right now, and paying out a 13 cent/share dividend. Once the economy nears recovery, its price should easily triple. And in the mean time, you’ll be making 50%/year on it.