hookedonspore-com

© rednuht

Many people know what a dollar store is. Dollar stores are great alternatives to spending that wad of one's that the guy down the street might have put under that stripper's bra strap. Everything in a dollar store is a dollar or close to it. This means that you can get a whole lot of great deals.

There is something in the investment, stock, and securities world called penny stocks. They act in similar ways as a dollar store does. These stocks go for around 3 dollars and you can purchase however many you want. Perhaps you can make it big off of those stocks, or perhaps not. It is, however, a great way to gain some experience in the market. If you can get a profit from these stocks, you can get a profit from the larger stocks.

© Katrina.Tuliao

The concept of investing in penny stocks is a common strategy for individuals in the investment field. Individuals who have done it before, can assure you with good practice that it does work. However, investors who are looking for short term investments for quick money, can often find it difficult to make a buck using this kind of investment strategy.

Individuals who are fine with investing for longer terms, can find great value in this. Although it can take years even decades to get a substantial profit from your initial investment, it will also mean that this can be used for your children later down the track. To learn more about penny stock and whether it works, you can read more about it here.

Its common knowledge that penny stocks can be volatile. But could they lead to trouble? Well they have surely led Curtis Jackson into trouble.
More popularly known as rapper 50 Cents, Curtis Jackson is facing investigation from the US Securities Exchange Commission (SEC) because he prompted his Twitter followers to purchase a penny stock of a company in which he owns 30 million shares.
His tweet about the possible success of the penny stock of media consumer products maker "TV Goods", caused many of his 3.8 million Twitter followers to rush to purchase the penny stock. In just one day, this rush increased the penny stock from 29 cents to 39 cents, increasing 50 Cents' holding by $ 8.7 million.
The SEC has not taken to this action of bumping up the penny stock lightly, and could possibly investigate the rapper for the intention behind his actions.
In the meanwhile, 50 Cents has removed the tweet about buying the TV Goods penny stock from his Twitter account and replaced it with a new tweet informing people that his stock picks are his personal opinion and people are advised to talk to their financial advisor before following advice.