Many Wall Street 'experts' will tell you that stocks that trade below $5 - cheap stocks - are too risky for retail investors. But they don't have to be. If you do your homework you can find great bargains that can double, or even triple, your money. Here are two picks to get you started...
low priced stocks
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Cheap Stocks to Buy Now That Could Double Your Money
Low-Priced Stocks: Four Profit Plays That Show How to Separate the Treasure From the Trash
Investors have a weakness for low-priced stocks. The logic is pretty easy to see: If you buy shares at $1.00, and the stock takes off, you can pocket a bundle.
But if you're wrong, this line of reasoning goes, you only lose a buck.
Unfortunately, when it comes to low-priced stocks, the situation isn't always that simple: That $1.00-a-share stock isn't always "cheap" - while that $100-a-share stock can end up being the real bargain.
But if you're wrong, this line of reasoning goes, you only lose a buck.
Unfortunately, when it comes to low-priced stocks, the situation isn't always that simple: That $1.00-a-share stock isn't always "cheap" - while that $100-a-share stock can end up being the real bargain.