You may have heard of penny stocks before, but what are they? Penny stocks are stocks that are held by small cap, or new companies. What attracts people is the idea of making big money with a small investment. There is, however, high risk because many of these small companies have no financial data available and many will go out of business in a relatively short time.
What happens is your typical investor will spend countless hours researching these companies which takes time away from the ultimate goal, investing and making money. What is the solution? You can hire a financial advisor who can assist you in making sound stock picks. A typical financial investor can be very expensive and they all have vastly different ideas about what stocks are performers. Is there a more effective way to pick stocks? The answer is yes.
A couple of years ago a company released a stock picking robot which actually uses the power of many computers linked together by the internet constantly monitoring and filtering data to make predictions on what stocks are doing from minute to minute. Imagine thousands of computers all running day and night doing one thing, looking for choice pick stocks. This is an incredibly advanced and easy way to narrow down your selection of stocks to ones that have the greatest chance of succeeding. Whatever way you choose to go as far as picking stocks that will make you money, look at automated stock picking by the company DoublingStocks because I believe it's the wave of the future.