Wednesday, April 17, 2024
HomeFinanceThey are Trying to Kill Penny Stocks | Don’t Let Them

They are Trying to Kill Penny Stocks | Don’t Let Them

Our penny stock portfolio is up 64% but now the government and SEC is trying to kill penny stock investing. Find out what is changing and how to fight back while still booking those penny stock returns. Get two free shares of stock and try out the stock simulator on Webull.

A new rule by the SEC is making it even harder to invest in penny stocks on most broker platforms. The rule requires brokers to limit penny stock investments if the company is behind in its financial reporting. Buying penny stocks was already hugely expensive with platforms like Fidelity charging a $50 fee but now they’re restricting penny stock lists as well.

Some financial regulation is necessary but it seems like the SEC is lately turning into Big Brother, more interested in telling investors what they can’t do than protecting them. Obviously there are pros and cons to investing in penny stocks, which I’ll cover in the video, but to outright limit the penny stocks you can buy is wrong.

Penny stocks offer regular investors the best chance at higher returns. Most investors…because of another SEC rule, cannot invest in other high return investments like venture capital or private equity. That means your best chances of high double-digit returns is by finding the small, startup companies ready to grow.

There are risks to penny stocks and I don’t want you to think you’re guaranteed to make money. Penny stocks and especially the OTC market are not regulated as closely as other stocks. That means there’s going to be more fraud and you need to do the research yourself because analysts don’t cover penny stocks as widely.

Penny stocks can also be targets for scams like the pump-and-dump. Avoiding these means watching the average daily volume of a stock and only investing in the penny stocks large enough to make it difficult to manipulate.

I’ve found five of the most popular penny stocks to watch. These might be small companies but the volume is high enough that they probably won’t be targets for manipulation or scams. Best yet, all these penny stocks trade for less than $5 per share.

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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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