penny stock analyst

About to invest for first time ever…need some help?

I have been following the stock market for a few months now, and after saving $1,000 to invest, I have decided to give it a go. I have some stocks in mind, and I already have my scottrade account funded and ready to go…but I just came down with an extreme sense of anxiety because I really don’t know what I’m doing. I know I should diversify so I can limit my risk…what are the good industries to be investing in? How reliable are the analyst ratings? How many times does a penny stock spike up to above 8 dollars? I am only looking at one penny stock, I know it’s a risk. I am also looking at some banks, like BBX and TFSL.

you know, you want to accomplish a lot with just 1,000 dollars. You’re probably better just growing that amount via a mutual fund and then when you base a larger base start getting into individual stocks. Based on your objectives, of diversifying, buying financial and penny stocks, you’ll effectively be buying 10 shares of all stocks. Commissions will kill you. BTW, a penny stock is officially $5 or less a share. There are plenty of instances of a $5 stock going to $8. Now you you are looking at something that is $0.10/share, the odds are against you.

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