global
Full Member
Cash: $ 13.85
Posts: 64
Joined: 26 Jan 2016
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| Finding new penny stocks |
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Anyone know of a website I can go to, in order to see penny stocks that are just released on the market? By new, I mean brand new. Not like 5 years old, not 2 years old. New. Super new. New, meaning as new as possible? The newer the better.
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Thu Feb 11, 2016 9:39 am |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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quote:
a website I can go to, in order to see penny stocks that are just released on the market? By new, I mean brand new.
No, don't know of one. (And that may have saved you a million dollars over the next 30 yrs! )
The 'pennies' are listed on pink sheets, you may have to search them one-at-a-time.
The million? If you invest $5000/yr in the SP500 for 30 yrs, that should be about $1,100,000. Your out-of-pocket cost, after taxes and a 3% match will be about $4000/yr.The corollary? If you dab in 'pennies', derivatives, covered calls, options, straddles, individual companies, for 5 years - and THEN start investing the $5000/yr you'll have about $630,000 (instead of $1.1M). Ie, your 5-year learning period will cost about $400,000. OTOH, it's kinda fun to play with a CORN futures contract once in awhile, lol.
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Thu Feb 11, 2016 3:28 pm |
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