EmpowerPlanning.com ? Investing In Penny Stocks

So you decide you want to start investing a little money so you can build a nest egg for your kids, or yourself. You want to have something put away or you want to build up some money for whatever personal reason. You have no knowledge or a little knowledge on the financial market but you decide its time to get started!

Okay so the first thing you do is start reading and studying everything you can on the financial market. The internet, the Bloomberg channel, newspapers magazines everywhere you can get information. You ask your friends and collides, maybe even a financial advisor. You want to make sure you know as much as you can before you invest a penny.

Now if you get a financial advisor they have various ways of getting paid. First a typical asset management fee can range from 2.0% per year on the high side to.50% per year on the low side. Typically the more assets you have, the lower the fee.

Second Commissions can take the form of a front end sales load charged on a mutual fund, a surrender charge charged on an annuity, or commissions may be paid directly to the advisor from the investment company, as in the case of a non-publicly traded REIT.

Third many adviser?s today can collect fees and commissions. They often use the term fee-based. It is important to understand the difference between a fee-only advisor, and a fee-based advisor. Fourth they charge hourly for consultation. Five a flat fee for a specific project and six a quarterly or annual retainer fee to provide ongoing financial advice.

Now if you can?t afford or don?t want a financial consultant obviously you have to know what you are doing. Because in these days of uncertainty you don?t want to take unnecessary risks. So if you don?t want to take chances invest in a CD which are insured and virtually risk free or savings bond. These are pretty safe investments. Relatively worry free.

However there are those who want more for their investment. Individuals who like to take chances with their money for a bigger return. Risk takers who gamble in stocks and commodities for bigger profits. Well friends sometimes in life you have to take chances for bigger rewards. Money is tight for most but there are those who dare to take the risk.

The Stock Market is shaky but as you may well know if you have the cash this is the time to take chances for big profits in the long run. But I would suggest you use cash that you could afford to lose. I have recently began buying penny stocks and have started making a profit in a very short time. I researched on buying penny stocks for a while until I found the right one for me.

The one that worked for me has great reviews and the price was right. And I am making a profit! So for those daring souls who take chances like me I wish you the same and godspeed!

http://THEPENNYSTOCKPROPHETS.COM

http://ezinearticles.com/6462598

Source: http://www.empowerplanning.com/investing-in-penny-stocks/

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