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Are there any Canadians currently investing in American OTC stocks who would be able to give a few pointers.?
Or anyone who knows what they are talking about for that matter....
I am currently in the process of trying to find the right web broker for trading in OTC stocks from Canada. it seems like no one has any real platform that wouldn't be stripping my pockets dry.
I was looking into National Bank Direct Brokerage, however I am finding interest on cash accounts at 4.75%, 29$ minimum commission and 1.5% of shares 2$ or less, adding all that together, I am wondering how I am suppose to cut a profit without somehow getting lucky with a 500% increase in my stock. Not to mention what ever profit I get already gets taxed by the time I claim it.
Am I missing something or is this how the game is structured.
2 Answers
- 7 years ago
Hi,
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. They are notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: http://pennystocks.toptips.org/
I definitely recommend subscribing to this site in particular. Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had. I especially like that he doesn't send out announcements left and right. I've signed up for other websites that fill my in-box with one company after the other. I don't know where to even start with so many choices in front of me! Nathan sends me one idea a week and that's all I need. Working so many hours during the week leaves me with very little time when I get home to start doing tons of penny stock research. I'm always eager to see what Nathan's next suggestion is each Friday and I love having time on the weekend to do my research.
As said above if you want to make money with penny stocks you have to follow some proven methods. This one in my opinion is the best: http://pennystocks.toptips.org/
I hope it helps
- Anonymous7 years ago
when for you a brokerage account is a sort of fun, like a hobby, keep away from penny stocks and OTC shares