Archive for February 19th, 2008

Are penny stocks worth the risk?

Penny stocks are very popular these days with the investor who is looking for alternatives to publicly quoted stock. It is easy to see the appeal of penny stocks as not only are they low priced, but they have high potential for handsome returns. You should always remember however that even though they have great potential, they are of much higher risk than market shares. Before you invest in penny stocks, you should do your research first. Since penny stocks are not publicly quoted, there is little regulatory involvement. As such, information on the stock you are interested in may not be freely available. You should be able to find many online sources that specialise in penny stocks and these should be your stating point if have decided to plunge into the world of penny stocks.

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If you want an honest quote — provide honest information

You wouldn’t believe how people try to influence a northern Ireland car insurance quote — they will tell all sorts of lies: about accidents that they have had (never mentioning them, or understating the true cost of the damages), the age of their car, and the amount of driving that they do — the list goes on and on. But car insurance companies have many ways of finding out the truth — and even if they grant you a policy based on false information, if they find out that you have lied on your application, they may elect not to pay you anything if you file a claim.

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