PreferredPennyStocks.com is the online home of Preferred Penny Stocks, a company that alerts its users to promising stocks so that they may invest in affordable stocks at a time that could be most advantageous.
The company claims that they call themselves Preferred Penny Stocks because they refuse to recommend 95% of the penny stocks they come across, instead only recommending the 5% that they research and decide are “preferred” stocks.
If you are interested in receiving email alerts from PreferredPennyStocks.com, you can sign up to receive their newsletter and their real time penny stock alerts for free. However, they caution that before you actually invest, it is up to you to perform your own due diligence on any company they recommend.
What Are Penny Stocks?
Penny stocks, or micro cap stocks, are stocks that trade under $5, though most companies that specialize in the promotion of micro cap stocks will focus on those companies whose shares are actually trading under $1.
Professional traders will warn their clients about penny stocks, however, because they are easily manipulated. Since the shares themselves are so affordable, it is very easy for a company or an individual to buy a large amount of a company’s stock in order to falsely inflate the value of that stock.
Once the stock price begins to rise, others can be manipulated into purchasing that stock, and then the company or individual can sell their shares at the inflated price, giving them a large profit but causing the stock value to decrease and negatively affecting the new investors.
What You Need to Know
Preferred Penny Stocks is not actually a financial agency. They are a marketing firm who is paid to promote certain companies by advertising their stocks and encouraging investors to purchase them.
Though Preferred Penny Stocks claims that they thoroughly investigate each individual company and will only promote those that they feel have the most promise, it is still important that you do your own research on the stocks they promote so that you aren’t being taken advantage of.
If you do not have the time to perform your own research, you should consider getting the opinion of a professional investment company.
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I'm a professional money manager, and a pretty good one. Not to toot my own horn, but I create value for my clients and I am proud of my record. If you are here on this page because you are researching this company before you give them any money, good for you. It shows you have at least a few brain cells rattling around in there.
BUT. If you are even thinking of speculating on one of this company's "hot picks," you have no business seeking out investments. Sorry, but that's how it is. You will lose money if you invest in any company preferredpennystocks recommends. Maybe not every time! I'm not ruling out the possibility that you *could* make a gain... but I might grow another two feet, get a jump shot, and enter the NBA.
Wall Street and the financial markets are a shark tank, and these companies are the scum sticking to the bottom of the tank. The "people" who promote them are algae. Nothing more, and less. There are good financial advisors out there, though. It's a tough trade that takes a lot of brain power, and it is a *profession*. Meaning, you need skills and abilities. If my car breaks down, I take it to a mechanic. If my house catches fire, I call the firefighters. I don't try to do it myself, simply because I'm not 100% confident in my abilities to do so. Managing money is the same way. You can do it yourself, but... You probably shouldn't, unless you are going to be very conservative (think CDs, bank accounts, and government bonds).
What you should do if you want to save and invest - a great idea - and want to earn a little more return than you would get by socking it away under your mattress is hire a competent financial advisor from a reputable firm such as Fidelity, T. Rowe Price, or Vanguard. If you want to save a few bucks (which in the long run you wouldn't be, a good advisor will make you more money in the long run), go to a good discount broker such as Scottrade, open up an account, and split your money between an index fund that tracks the S&P 500, such as SPY or VFINX, and a good bond fund such as PTTRX or BND. If you're younger, invest more in stocks; if you're older, invest more in bonds. I suggest a split of no greater than 75-25 in either direction.
Then, once you have done this, keep that money in there through good times and bad. Your share prices will drop, but guess what: you'll still have the same number of shares, and they'll go back up. Don't worry about it. Just keep socking money away at regular intervals, $100 a month through good times and bad, and you will be surprised at how much you end up with. For instance, if you start with $5,000 and put away $100 a month for 20 years, with 9% interest the money you've saved - $29,000 - will turn into almost $100,000. After 30 years, your $41,000 becomes almost $250,000. Compound interest is the most powerful force in the universe.
Anyway, forget about penny stocks. There is no such thing as getting rich quick. You can get *poor* quick, and you will if you invest in penny stocks, or you can get rich slow, which you will if you save with discipline.
I recently came across Preferred Penny Stock and decided to do some research on it. Well I'v come to to a conclusion its fraud, but with that being said I believe we share the same view point in investments. "There is no such thing as getting rich quick".
You say you're a professional money manager, and well I say i'm professional hospitality front desk agent whose currently going to school for networking and support. I'm 20 years old and on the back-side I'd like to learn more about stock since you suggest and I quote " If you're younger, invest more in stock.
I like the way you talk
Preferred Penny hyped this one for three days (12/5 - 12/7/12) and it dropped from .16 a share to less than a penny in less than two days. From there it has gradually dropped to just over 1/2 cent.