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addy asked in Business & FinanceInvesting · 1 decade ago

How would I buy stocks?

I actually am interested in penny stocks as I don't have much to invest.

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  • 1 decade ago
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    First common newby mistake is to think you can only buy penny stocks or sub penny stocks because they are cheap. These are actually very risky, watch this video:

    http://www.hotstockmarket.com/forums/showthread.ph...

    There are a few other important videos in there, but basically, be wary of buying a stock just because it is cheap.

    Watch the intro to investing video too.

    As an example, if you have $500 to invest. If you buy 1 share of google at $500 and it goes to $550, you made 10% which is not a bad return compared to any interest rate in a bank.

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