PennyPicks.net Reviews – Legit or Scam?


PennyPicks.net
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PennyPicks.net

 

PennyPicks.net is the online home of PennyPicks, a financial newsletter which promises to help people get “a front line seat to the most explosive stock picks” and avoid the “throngs of worthless imposters.”

According to their website, the creators of PennyPicks.net were successful venture capitalists and entrepreneurs before they decided to take on the project of helping everyday people earn money investing in penny stocks.

To get started, all you have to do is submit your active email address to their website, and decide whether or not you would also like to receive text message alerts. Signing up for their newsletter is completely free; for text alerts, standard messaging fees will apply.

What Does PennyPicks.net Offer?

Penny stocks is the term used for stocks which currently run under $5 a share, though websites and newsletters that promote investing in these kinds of stocks generally focus on stocks that are currently valued under $1 a share.

PennyPicks.net says that they watch several penny stocks over the course of several months and then compile reports on the companies whose stocks they are recommending for purchase through their newsletter.

You can then take the information from these reports, as well as the analysis they provide of technical indicators which show the future projection of these companies’ stocks, to determine whether or not you should make an investment in these recommended stocks.

What to Consider

Penny stocks are incredibly controversial, for many reasons. The first, of course, is that the very thing that makes them attractive is what makes them dangerous – their affordability.

Because these stocks are so cheap, it is easy for people to manipulate them and purchase enough stocks to make it seem like the value is on the rise. But once more people begin to buy the stock, causing the price to rise even higher, the initial purchaser or purchasers can sell their stocks at the new, higher value, and send the stock price crashing, hurting all investors that come later.

The SEC has published warnings for people who are considering investing in these kinds of stocks, so they know what kind of risks they will be encountering.

In addition, because of the issues with liability, the PennyPicks website offers a disclaimer saying that their staff are not licensed investors, and that their newsletter should be considered entertainment instead of financial advice.

The reality of any investing circumstance is that investors must do their own due diligence before making a choice to invest – relying on a single source of information is a dangerous practice that should be avoided.

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