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Source: https://myoneblog.com/blog/what-can-i-buy-for-a-penny/
What can you buy with a penny stock? That's the million-dollar question. The answer depends on how much money you want to invest, how much research you want to do, and whether or not it's legal in your country. If you're looking for penny stocks to buy in 2018 then we've got all of your bases covered (and then some). Penny stocks are the cheapest and most widely traded stocks.
A penny stock is a stock trading in the United States that has a market capitalization of less than $5 million. This means that it has only one share of stock outstanding, which is issued at a price set by its Board of Directors.
The term "penny stock" comes from the practice of purchasing small quantities of shares for very low prices and reselling them at a much higher quantity for profit (or loss). Penny stocks can be bought and sold by anyone, not just professionals or those with experience in finance; however, the average person will have difficulty making money from these investments because most people don't understand how they work or how much risk there is involved when buying penny stocks.
They are also the riskiest and least regulated. What can you buy for a penny?
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