Quote:
Originally Posted by Winsor_Pilates
Good thread, I need this too. I looked at E-trade, but don't have much $$ and won't trade much. What's a good site without minimum balances and trade frequencies?
I am looking to put a few thousand into some penny stocks to start, and once that hits big, I'll go from there.
|
Sorry, after reading your post again....You won't have any luck investing in penny stocks through Canadian Share Owner. They focus on large cap, tried and true, blue chips such as PCA, TLM, ECA etc. etc. and is geared more towards long term investing. If this is your first foray into the markets I wouldn't chase penny stocks unless you are willing to lose all your money. For the most part the market is efficient and you won't have any knowlege that isn't already out there and penny stocks are kinda hot and sexy I realize but you would likely do better to invest in companies that have been around for a minimum of 5 years, pay out a dividend, are products that you know and use etc. etc. Think long term and don't chase stocks just let them come to you. I invest in a manner similar to going to the horse race and betting on all of the horses. Pick the leaders in each market segment. Diversification is the only free lunch. On the other hand if you are willing to invest in a penny stock and walk away broke then go for it....the more risk the more reward (or luck)....I guess.....
But back on point : I have no idea where you could invest in penny stocks without having a minimum balance and trade frequencies.