Kara Skinner profile image 85

Are penny stocks smart?


Because penny stocks are so cheap, I am wondering if it's a good idea to make a few investments now-- less than a couple of dollars-- or if I should save for a more conservative investment.

 

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Wearmanyhats says

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2 years ago
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    Tamara Wilhite (tamarawilhite) 2 years ago

    Penny stocks are worth so little because there is so little value in the companies. It is close to gambling. Those who hype them will likely sell them when you buy it, because it went from 5 cents to 10 cents when you bought it.