Question about buying stocks?
Justa33 asked:
What do you think is good idea to buy $10 stock – 10 share or penny stock for 0.20 – 500share?
What do you think is good idea to buy $10 stock – 10 share or penny stock for 0.20 – 500share?
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Neither, unless you are paying commissions based on cents per share.
If you have one of the standard online brokers, your commissions will cost you $10 each way – $20 total. So, you’d need a 20% return on your $100 investment to break even.
If you can pay $0.05 per share, then obviously the 10 shares @ $10 is a workable situation.
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