By Matthew Makowski Penny stocks produce a visceral reaction in most investors. Some love ‘em. Others avoid them at all cost. But there’s no denying their upside potential.
Penny stocks – as their name implies – are cheap. This makes them a perfect starting point for new investors that can’t afford expensive blue chip stocks. The only problem is that they don’t come with the same level of safety as their more expensive counterparts. But with the added risk, comes the possibility of greater reward.
Part of the risk comes from the fact that many penny stocks aren’t traded on major exchanges like the NYSE. …read more
