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.
 Are Penny Stocks Worth It?Learn everything you need to know in ‘Canada’s Penny Stock Guide’ for FREE from The Successful Investor. Canadian Penny Stock Guide: Find where to find Penny Stocks that pay well. |
Amerigo Resources is a shining exception to almost all other penny stocks thanks to its stellar and lasting returns.
The firm has returned a whopping 148.0% gain to investors over the last 3 years. Compare that to the benchmark S&P Global Natural Resource index, up a.. Read More
Amerigo Resources is a shining exception to almost all other penny stocks thanks to its stellar and lasting returns.
The firm has returned a whopping 113.0% gain to investors over the last 3 years. Compare that to the benchmark S&P Global Natural Resource index, up… Read More
Amerigo Resources is a shining exception to almost all other penny stocks thanks to its stellar and lasting returns.
The firm has returned a whopping 140.0% gain to investors over the last 3 years. Compare that to the benchmark S&P Global Natural Resource index, up… Read More
Amerigo Resources is a shining exception to almost all other penny stocks thanks to its stellar and lasting returns.
The firm has returned a whopping 122.8% gain to investors over the last 3 years. Compare that to the benchmark S&P Global Natural Resource index, up… Read More
Amerigo Resources is a shining exception to almost all other penny stocks thanks to its stellar and lasting returns.
The firm has returned a whopping 148.2% gain to investors over the last 3 years. Compare that to the benchmark S&P Global Natural Resource index, up… Read More
Amerigo Resources is a shining exception to almost all other penny stocks thanks to its stellar and lasting returns.
The firm has returned a whopping 143.3% gain to investors over the last 3 years. Compare that to the benchmark S&P Global Natural Resource index, up… Read More
Amerigo Resources is a shining exception to almost all other penny stocks thanks to its stellar and lasting returns.
The firm has returned a whopping 212.0% gain to investors over the last 3 years. Compare that to the benchmark S&P Global Natural Resource index, up… Read More
Amerigo is a shining exception to almost all other penny stocks thanks to its stellar and lasting returns.
The firm has returned a whopping 214.0% gain to investors over the last 3 years. Compare that to the benchmark S&P Global Natural Resource index, up a.. Read More
Amerigo is a shining exception to almost all other penny stocks thanks to its stellar and lasting returns.
The firm has returned a whopping 208.0% gain to investors over the last 3 years. Compare that to the benchmark S&P Global Natural Resource index, up a.. Read More
Amerigo Resources is a shining exception to almost all other penny stocks thanks to its stellar and lasting returns.
The firm has returned a whopping 480.0% gain to investors over the last 3 years. Compare that to the benchmark S&P Global Natural Resource index, up… Read More
Amerigo Resources is a shining exception to almost all other penny stocks thanks to its stellar and lasting returns.
The firm has returned a whopping 504.0% gain to investors over the last 3 years. Compare that to the benchmark S&P Global Natural Resource index, up… Read More
Amerigo Resources is a shining exception to almost all other penny stocks thanks to its stellar and lasting returns.
The firm has returned a whopping 556.0% gain to investors over the last 3 years. Compare that to the benchmark S&P Global Natural Resource index, up… Read More
Amerigo Resources is a shining exception to almost all other penny stocks thanks to its stellar and lasting returns.
The firm has returned a whopping 592.0% gain to investors over the last 3 years. Compare that to the benchmark S&P Global Natural Resource index, up… Read More
Finding smart penny stocks to invest in can lead to a big payday when you make the right choice—but the odds against your success are high
In penny stocks or games of chance, the odds are against you. So, time works against you. The longer or… Read More
Invest in cheap Canadian penny stocks only with money you are willing to take on a lot of risk with. Learn more about reasons to avoid most of these stocks in this article now
Penny stock bubbles have helped investors profit—however, when the bubble bursts, prices… Read More
These key tips will help you spot the best cheap stocks to buy for your portfolio—and avoid the bad ones
It pays for Successful Investors to take an optimistic view of the best cheap stocks when prices appear low—for instance, when stock prices are in the… Read More
Take a broad view of investments to find cheap stocks to buy now. That will help you spot stocks worth owning—rather than stocks that are cheap for a reason.
The stock market is more efficient than the car market, as an economist would put it. You… Read More
Avoid so-called penny stocks to buy today that are highly speculative and you will stay out of some of the most-risky investments on the market
Investors looking to add to the aggressive portion of their portfolios may turn to the higher-risk strategy of buying speculative penny… Read More
Looking for profitable penny stocks makes sense only for investors who can handle substantial risk. But for those willing to gamble, here are some key tips
Many investors are attracted to penny stocks because they appear cheap. It doesn’t take a large investment to buy a.. Read More
If you are looking to invest in the best Canadian penny stocks, focus on stock quality—and make sure it has experienced management, as well as these 6 other elements
Penny stocks are often unproven companies, which makes them highly speculative in nature. Stock prices of penny… Read More
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Canadian Penny Stock Guide:
Find where to find Penny Stocks that pay well.
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