Debunking 5 Myths About Penny Stocks

By Marc Lichtenfeld Friends and family often ask me where they should put their money now.
I always answer, “Penny pot stocks…”
And then emphasize that I’m kidding.
But people do love themselves some penny stocks. Investors dream of buying a stock in the low single digits and watching it explode to double digits, making many times their money.
However, there are a lot of misconceptions about penny stocks…
So once and for all, I’m going to let you in on what is true and false about them.
Myth No. 1: Penny stocks have greater potential to double or triple than larger stocks do.
Investors believe it’s much easier for …read more