Finding cheap and affordable stock takes a little legwork, some research, and a lot of patience. Exploring affordable stocks, undervalued stock, and penny stocks opens up your investing strategy for a completely new type of investment. As always, smart investors do their research and keep their portfolio diversified to mitigate risk and reap more rewards. |
Penny stocks are also known as micro-cap stocks, and they generally trade at less than $5.00 a share. Since they are not traded in a traditional stock exchange, but rather as “an over the counter” product there’s no need to enlist the advice or help of a broker. Simply open an account with an online trading company and get to work. Investing in penny stocks requires the investor to monitor the stocks activity closely. These cheap and affordable stocks are more volatile and pose a higher risk of loss than traditional stocks. Penny stocks may not necessarily play a role in your long-term investment and wealth management strategy, but they can offer a quick influx of cash if handled correctly. If you have the stomach for a high risk, high reward situation, these stocks are for you!
There are a number of industries and companies whose stock experts believe are undervalued. Analysts have been looking to identify market and legislative trends, buyer and consumer confidence, and the overall feeling on “the street” to help investors find and purchase cheap, affordable, and undervalued stock.
Analysts feel strongly that automobile stocks will rebound in 2013. While investors may not find deals on stocks related to some of the big auto manufacturers, they will find affordable stock for some of their partners. Companies that design or produce technology around increased fuel efficiency are the ones to watch.
People are traveling again, so hotel stock is on the rise. Analysts recommend staying away from some of the larger chains, and seeking cheap and affordable investment opportunities in regional, mid-range hotels. Experts are particularly bullish about mid-price business and family “suite” hotels, which offer a small kitchenette and some extra sleeping space.
Are some of your personal computers, tablets, or smart phones backing up into the cloud? Cloud technology is here to stay, and you can do some research to find out which companies provide the “back end technology” for larger companies cloud technology. These are cheap and affordable technology stock alternative to some of the large tech favorites.
Green energy is also a trend with affordable stock opportunities. Wind, solar, compressed natural gas and clean coal production companies are poised for dynamic growth over the next few years. There are cheap and affordable stock options for investors looking to get in on the ground floor.
This year, look for global and macro-economic trends to drive stock prices. An investor in micro-cap stocks can find solid research on companies on the verge of expansion and growth and leverage that information to turn a profit on cheap and affordable stocks. Now, more than ever, you’ll be able to identify and capitalize on undervalued companies and purchase cheap and affordable stock.
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