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Find out how to create your own penny stock list to follow and see my top penny stocks for triple-digit returns over the next year.
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No other investment gives you the potential for high returns as penny stocks but how do you pick the best low-price stocks? There are thousands of stocks under $5 in the market but the fact is that most will never produce a return. You need to know how to find the best penny stocks and how to avoid the traps.
In this video, I’ll start off with a quick definition of penny stocks. There’s a lot of misconceptions and it’s not just stocks under a dollar in price. Penny stocks are actually any company under a certain size by market cap. I’ll also show you why every investor needs to invest in penny stocks, two reasons these are the best investments you can make.
Then I’ll share my process for creating a penny stock list to follow. I’ll narrow down thousands of penny stocks to a short list and then further into a few with the most potential. I’ll show you how to use fundamental analysis to find the top penny stocks to buy whether you’re a long-term investor or trading penny stocks.
Finally, I’ll reveal my three favorite penny stocks to make you rich. I’m buying all three of these and already have one of them. I think every one of these could double within a year and potentially go even higher.
Understand that penny stocks are high-risk investments. You’ll never have the potential for 100% returns without an equal amount of risk. That’s why it’s so important to know how to find the best investments in these cheap stocks and how to create a stock list of companies you can spread your investment across. Invest in one penny stock and your odds of losing money are very high, invest in a list of penny stocks and your odds of making money go through the roof!
1:24 What are Penny Stocks?
2:20 Two Reasons to Invest in Penny Stocks
4:05 How to Find Penny Stocks
5:14 Narrowing Down a Penny Stock List with Fundamentals
7:34 3 Penny Stocks to Watch
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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