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Started By
Message
Top 5 under $5
Posted on 4/15/20 at 11:10 am
Posted on 4/15/20 at 11:10 am
I’m going to start making small investments into the market (probably within a couple of months). I wanted to see if I could get people’s thoughts on their top 5 stock options that at $5 or less so I can start researching and learning what I can. I’m not trying to be a pro or “make millions.” I want to get a better understanding of how the market works.
I’m not sure if these are accurately called penny stocks being that they are over $1. Let me know if I’m using the wrong terms.
I’m not sure if these are accurately called penny stocks being that they are over $1. Let me know if I’m using the wrong terms.
8
Posted on 4/15/20 at 11:12 am to Seeker
Posted on 4/15/20 at 11:22 am to bod312
Sorry am I doing it wrong? I don’t generally come to this board. Thought it would be a decent place to start.
Posted on 4/15/20 at 11:26 am to Seeker
The price of the stock doesn’t matter. Valuation, balance sheets, growth, and momentum is what you need to be looking at.
Posted on 4/15/20 at 11:28 am to Seeker
If you're trying to minimize risk and learn then trading only sub $5 stocks makes no sense. In general, sub $5 will be more risky investments.
Pershare price doesn't matter at all, 50 shares of a company at $5 is directly equivalent to 1 share of a company at $250. If you cant afford to make a $250 trade, then you should be building out ETF positions, not riskier individual stocks.
The sticky at the top of board, has GREAT information in it, I'd start there.
Pershare price doesn't matter at all, 50 shares of a company at $5 is directly equivalent to 1 share of a company at $250. If you cant afford to make a $250 trade, then you should be building out ETF positions, not riskier individual stocks.
The sticky at the top of board, has GREAT information in it, I'd start there.
This post was edited on 4/15/20 at 11:30 am
Posted on 4/15/20 at 11:31 am to Lsutiger2424
Thank you. I’ve tried to look at some of them, but it is a little overwhelming to start.
MIST looks promising based on the areas you named, but I didn’t want to use an example in my OP at risk of looking like someone who was trying to act like they knew more than they really did. I probably approached the thread wrong though.
Learning experience.
MIST looks promising based on the areas you named, but I didn’t want to use an example in my OP at risk of looking like someone who was trying to act like they knew more than they really did. I probably approached the thread wrong though.
Learning experience.
Posted on 4/15/20 at 11:32 am to Pendulum
I appreciate the advice. Thank you.
Posted on 4/15/20 at 11:36 am to Seeker
Essentially the stock price is a relative number because all the stocks have a different number of shares outstanding. Picking a stock based on the absolute value of its price is like picking a winner in football based on the jersey color. I recommend getting into investing if you have the means and everyone should start with a relatively small amount of money but that does not need to coincide with picking a stock because the stock price is below $5. You could pick a $3 stock that will go to $0 or pick a $2,000 stock that goes to $200,000.
You have to determine what your goal is before just entering into the market. It sounds like you are really fresh at this and should definitely do some research. I know it is daunting to start but just start reading. You can look into specific companies you want to buy or sectors (i.e. energy vs tech vs hotels) or broad funds that are essentially a holding of 100s or 1,000s of stocks. The more stocks held the lower the risk but also the lower the reward. Good luck and happy researching.
You have to determine what your goal is before just entering into the market. It sounds like you are really fresh at this and should definitely do some research. I know it is daunting to start but just start reading. You can look into specific companies you want to buy or sectors (i.e. energy vs tech vs hotels) or broad funds that are essentially a holding of 100s or 1,000s of stocks. The more stocks held the lower the risk but also the lower the reward. Good luck and happy researching.
Posted on 4/15/20 at 8:05 pm to Seeker
quote:anything under 5 is commonly referred to as penny stocks. One reason is bc most tutes, funds, etc won't buy them. coming here isn't necessarily a good idea bc almost everyone on td is a gazillionare.
m not sure if these are accurately called penny stocks being that they are over $1. Let me know if I’m using the wrong terms.
Posted on 4/15/20 at 8:12 pm to arcalades
quote:
coming here isn't necessarily a good idea bc almost everyone on td is a gazillionare.
bullshite
any investor would be better off buying 2 shares of NFLX or one share of SHOP for 500 dollars than 100 shares of some random $5 stock. just because the truth is consistent doesn’t mean it only works for the wealthy
Posted on 4/15/20 at 8:31 pm to Seeker
Sasol is worth following
Posted on 4/15/20 at 9:04 pm to Seeker
NAK only penny stock I own and very small percentage of my portfolio so not concerned if it goes to 0. Worth researching if your wanting a boom/bust stock. Not recommending buying it though.
Posted on 4/15/20 at 9:11 pm to cgrand
quote:
any investor would be better off buying 2 shares of NFLX or one share of SHOP for 500 dollars than 100 shares of some random $5 stock.
For now...
Additionally, where’s the fun in that? It seems most on this board enjoy trading a variety of stocks for the gamesmanship of it all.
Posted on 4/15/20 at 9:23 pm to Seeker
JC Penney. The next Amazon. Thank me later.
Posted on 4/15/20 at 9:28 pm to MillerLiteTime
Go look at:
AGS
BBBY
MRO
XSPA
AGS
BBBY
MRO
XSPA
Posted on 4/15/20 at 9:30 pm to Seeker
In all seriousness if you insist on only $5 stocks, I'm actually a fan of Ford once it drops back down to about $4.50. They still make the most popular vehicle in America, cheap gas will drive demand for large trucks/SUV's, and they will likely pay a solid dividend again once things pick back up.
Posted on 4/15/20 at 9:36 pm to MillerLiteTime
Lol
Posted on 4/15/20 at 9:59 pm to thatguy777
RIG
Posted on 4/15/20 at 10:10 pm to texag7
quote:
Sasol is worth following
What is your handle on Stocktwits?
This post was edited on 4/15/20 at 10:11 pm
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