How much money do you need to invest in penny stocks?

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asked May 29, 2018 in Investing by Novatie (390 points)
How much money do you need to invest in penny stocks?

3 Answers

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answered Jun 1, 2018 by Avarado (27,970 points)
The amount of money you need to get started investing into penny stocks can vary but you do need at least $500.00 to get started investing in penny stocks and some penny stock brokerage $2,500.00 to begin investing in the penny stocks.

The amount of money you can make investing in penny stocks can be a great return on your investment.

Say you invested $3,000.00 for 10,000 shares of penny stocks at $0.30 per stock and the stock goes up a $1.00 then your return would be $7,000.00 for the $3,000.00 investment on the penny stocks.

Not too bad of a return.
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answered Jul 17, 2018 by Karont (5,520 points)
It depends on your strategy.
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answered Jul 18, 2018 by Andret (4,200 points)

I think if you are beginner you should invest in something else. Try to research this trading info https://www.avatrade.com.au/trading-info and to choose the most suitable for you direction.

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