If you’re looking for penny stocks to invest in right now, you’ve got your work cut out for you. That’s because the initial strategy when approaching cheap stocks is to trade them in the short term instead of holding them forever.
But that doesn’t mean they aren’t worth taking a closer look for a potential long-term play. So for the purposes of this article, let’s define “investing in penny stocks” as holding for a period where short-term capital gains aren’t an issue and long-term capital gains become the focus.
So what does that mean for investors in the stock market today? That means caution, precision, patience, and proper psychology are good assets to have when playing the long game. While you might be looking for penny stocks to invest in, this article will focus on a handful of some of the most active stocks under $5 today. Whether or not they’re “investment grade stocks” is up to you.
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