It's a great way to make money for a speculative investor to invest in penny stocks, but the hard question to answer is: where can you find penny stocks to buy right now? The problem with penny stocks is that the best ones are often small, under the companies of the radar type that will not be featured on CNBC or in the Wall Street Journal.It takes dedicated work to find the best penny stocks to buy, and it also involves searching places where others have not.
So if you're just starting to try to find penny stocks to buy right now, MSN's stock screening tool is a good place to start. A penny stock is technically any stock below $ 1, but it can also be used synonymously with ultra-small or microcap stocks. If you use a search filter, however, and find all publicly traded stocks below $ 1, you're going to be off to a good start.
My guess is that depending on the other filters you put on your search, you'll find 100's, if not 1000's of stock search results below $ 1. How do you find the best penny stocks to buy right now through these selections?Unfortunately, this is a tougher question to answer and requires you to use a separate set of criteria that can help you determine which stocks will most likely increase in price.
To those who don't know how to choose one penny from another, one word of warning: be careful! While some penny stocks are actually those diamonds that every investor dreams of finding, for a reason, most low-priced stocks are priced that way. Not being able to discern one from the other is a penny stock investment failure recipe.
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