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Penny Stocks: The Worst Investment You Can Make
Due to the magnitude of the recent bear market, we’ve been able to buy a lot of fine companies for less than $10 a share. Many of them are already trading considerably higher.
Yet some readers want us to go all the way down to the cellar. “Why don’t you ever recommend penny stocks?” one subscriber asked. “After all, it’s easier for a 50 cent stock to go to $1 than for a $50 stock to go to $100.”
For starters, it’s not.
Over the years, dozens of studies have shown that lower priced stocks don’t do better than higher priced stocks. In…
20Apr2009 | Investment U | 0 comments | Continued
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