You will barely find an individual who would say that he is not interested in making money. And if he is like me then he would definitely like to make money faster. If you ask me, then I would tell that the trading of penny stocks appears as the easiest way for money making. But, on this forefront, all may not be successful. There is no doubt that you are required to get yourself equipped with stock newsletters for doing so.
When I was a newbie to the stock market, I was greatly confused with the various kinds of penny stocks. It seemed to me as if the stock market is flooded with them. It was not only difficult to pick the best of the stocks but almost impossible as lots of hype appear in the market. Of course, there are several newsletter services which can be of great help in this regard. But today, with the jamboree of all my experiences regarding these newsletters, I am able to enlist some tips to act as a guide for picking the best stocks newsletter. I am going to state them to you.
Before selecting any newsletter, the first thing is making sure that they know and understand the picks that can be traded on the Pink Sheets or over the counter. The reason behind this is the large number of penny stocks that are traded here. The second is that they should have the ability for providing a list for the picks and the performances of the last year, so that their prospective members can make a comparison to determine their accuracy. If you discover that gains have been made from all the picks then simply don’t go with them because it may be a way for attracting customers. Making some search for evaluating the authenticity of their statements will be helpful.
The third point is for asking for the information basing on which the recommend the picks. The value of a newsletter can be known from the quantity as well as the quality of information it gives about its picks. It should possess the ability of presenting and understanding the financial positions of the companies. The next step is to making sure that the owner of a stock newsletter has no personal interest attached to a particular stock, otherwise the picks may only in favor of the particular stock. A cost comparison is also required while looking for a newsletter on penny stocks.
