How to invest in penny stocks: A guide for beginners - Business Insider

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How to invest in penny stocks: A guide for beginners

5. Critically evaluate your source of info

Be skeptical of any unsolicited contact, like cold emails or telemarketing calls. Similarly, don't trust stock picks and recommendations from sponsored content you see published on the web. Selita notes that lots of sponsored content on a certain firm may indicate that insiders are planning on dumping the stock after its price rises.Penny stocks are attractive because they're cheap and may have massive upswings.

That's especially true if you're a beginner or you're trying to steadily grow your retirement nest egg.

 

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