3 Best Penny Stocks to Buy Right Now
Penny stocks can mean big returns if you’re ready for big risks. I’m going to show you how to find the best penny stocks to buy right now and reveal three investments that could double or triple fast.
We haven’t talked as much about investing in penny stocks here on the channel but they can be a huge opportunity for investors. Just one penny stock I recommended last year is already up over 170% and could go higher. Of course, that’s not to say they can’t go lower but that’s the risk-return opportunity of penny stocks.
In this video, I’ll show you my stock screen for penny stocks and how to find the best companies with cheap stock prices. I’ll show you the most important measure to watch and how to analyze penny stocks. Then I’ll reveal three of the best penny stocks to buy right now.
If you’re going to be investing in penny stocks, I recommend using M1 Finance to save on fees. Penny stock investing means you’ll be buying and selling within a few years and that can get really expensive when it comes to trading costs. I use M1 Finance for my 2019 Stock Market Challenge because it’s a no-fee platform and offers some great features for investors. https://mystockmarketbasics.com/joinm1finance
I do want to say that there is nothing requiring you to invest in penny stocks. You can take a slow-and-steady approach to investing and still beat your financial goals. If you are up to the challenge and can take the risk, penny stocks can be a great source of return.
I’m including an index of the video below but watch the entire video. It’s not enough to get this list of penny stocks. You need to know how to find your own investments and how to make money with penny stocks. Learn how to trade penny stocks and you’ll be able to find the best picks for years to come.
I also recommend watching our video reviewing The Intelligent Investor. This is the book Warren Buffett called, “The best book on investing ever written,” and it’s got some great advice for finding winning stock picks. https://www.youtube.com/watch?v=gSdAvn2JL38&list=PLjsZ3KrTlZoxAJOxA1DJIftwGf6zuxGw6&index=6
0:58 A Warning about Penny Stocks
2:06 My Screener for Finding the Best Penny Stocks to Buy Now
3:00 The Most Important Measure for Penny Stock Investing
4:37 How to Analyze Penny Stocks
6:20 My Three Favorite Penny Stocks to Buy
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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.