Where to Buy Micro Cap Stocks
If you’ve watched Wolf of Wall Street, I’m sure you’ve heard of penny stocks. Although they probably won’t make you rich, they can produce a fair bit of income if you do your research properly. Unlike stocks that trade on regular exchanges, penny stocks mostly change hands through online brokerage systems like Questrade. It can be a little more complicated than traditional trading, but this guide will help you learn a little more about micro cap stocks and where to buy them.…
What Exactly Are Penny Stocks?
Beginners just starting out may find the concept of penny stocks a little difficult. There are is no specific answer of what exactly a penny stock is and the meaning of the phrase differs according to individuals and organizations.
What do the big wigs define it as?
It is defined by the Securities and Exchange Commission (SEC) as the trading of stocks that are speculative, high-risk and valued for less than $5 per share.
Some refute this claim by setting a lower cut-off level for their penny stock to $3 or less than $1.…