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Finance For Dummies

Finance For Dummies offers personal finance information on investing, retirement investing, finance, insurance, credit cards, loans and more. Personal finance education is our goal.

Monday, June 26, 2006

Investing in Penny Stocks

Investing in penny stocks is a little like playing the lottery in that it is very difficult to actually to make money investing investing in them. There are many people that say you can get rich off investing in penny stocks, and it is possible, but there is less information available out there on penny stocks. You have to access information on the pink sheets about investing in penny stocks--that information is not always reliable because penny stocks are not regulated like the normal stock market. They are listed on the pink sheets because they do not meet the listing requirements of the exchange. Not all companies listed on the pink sheets are scams, but you need to be very savvy in order to not get taken by a company listed on the pink sheets. If you receive stock-related spam in your email account often times it is for speculative penny stocks.

Be very careful investing in penny stocks.

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