SisterGirl asked:
I know how to invest if you have an account with a broker, but I do not have an account. And considering the low cost of these stocks, I do not want to pay a brokers fee.
I know how to invest if you have an account with a broker, but I do not have an account. And considering the low cost of these stocks, I do not want to pay a brokers fee.
November 21st, 2009 at 10:17 am
I think you pretty much have to use a broker. Try scottrade they are only $7 a trade. I can get you 3 free trades if I refer you though. Email me at if you want me to!
November 22nd, 2009 at 2:59 pm
Some places will let you send hard money for things, but most won’t. Gotta pay that money to trade.
November 24th, 2009 at 7:41 pm
Just flush your money down the toilet, because that’s what penny stocks are. Just enter their stock exchenge symbol, press enter, and you will be able to follow their stock history.
November 26th, 2009 at 3:52 am
Open an online account with Etrade. then buy stocks that pay a dividend–it is called an “income” stock because no matter the price, they pay you the dividend. there is a “closed end mutual fund” that trades on the NYSE called Source Capital. the symbol is SOR. My Mom has had it for years. she got it at $28, and now it is at $66 so she gets the price increase + the dividend, which is just over 6%. You will be paying yourself with the dividend, and with that you can buy a few penny stocks and maybe one will go up. Some do. Go to Yahoo Finance and enter SOR in the quote area and do your own research on it. good luck! Your question is a good one.
November 26th, 2009 at 7:42 am
If a “penny” stock is any stock symbol that ends in .OB or .PK, then I would say there are some very good companies out there. I have made great money investing in wind energy companies like Tower Tech, symbol TWRT.ob. This company is around $2 a share, and $60mil market cap. This company make wind tower support structures, and with global warming this year’s big issue, I think all of the following wind energy stocks will continue to do well:
You can find some very good penny stock investors at – you can see one trader’s portfolio at the following link:
As far as using a broker, you can buy through Scottrade.com – they offer $7 online trades for stocks over $1 per share. For stocks under $1, I think they charge an additional 1/2 % of the total transaction.
Hope this helps.
November 27th, 2009 at 11:10 am
In all likelihood, no you can’t. Some of the dividend paying stocks have direct investment plans, however, given it is a penny stock, it is very unlikely this one has such a plan. The only way most companies market their shares to the public is through public offerings, which you have to have a brokerage account to access as well.
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This is a list of direct investment plans…if it isn’t on this, try the company’s website. If that doesn’t mention it…start shopping for a broker.
November 30th, 2009 at 2:09 pm
just go put your money on BLACK in vegas caused your odds are better than buying any penny stock.
December 2nd, 2009 at 2:19 am
No.
If you don’t want to pay fees then use Zecco. It’s FREE.
December 4th, 2009 at 10:13 pm
Some allow you to do that – most don’t. I would just find a reputable discount broker.