If you’re not much of a casino-goer but still enjoy taking calculated risks, you probably throw a few dollars into the stock market periodically. This is a wise move, as it has netted many people their millions.
However, as the saying goes, ‘no risk, no reward.’ This implies that you’ve got to take bigger risks in order to see bigger rewards. Of course, this doesn’t necessarily include penny stocks.
The great thing about these little-known and underrated stocks is the fact that they cost very little to invest in and if you sell at the right time, you can double or even quadruple your money! We have a list of penny stocks to watch so that you don’t miss out on the next big thing. Keep reading for more!
Clean Energy Pathways (CPWY)
It seems as though everyone is racing to find cleaner energy answers and Clean Energy Pathways is no exception. The difference is that the company is looking into multiple solutions from soil to heating, ventilation and air conditioning (HVAC).
At the time of this writing, the company’s stock is valued at far less than a dollar. Although this sounds speculative, that’s exactly what the stock market is! You can easily place a few hundred dollars into this stock and watch it grow!
If you’ve watched the news recently, you’ll probably notice that many states are legalizing this plant. There are several penny stocks that are related to the marijuana industry which have yet to be ‘discovered’ by mainstream investors.
This means that you have a great opportunity to jump in while the price is low and watch as the price continues to rise!
Even if you are opposed to the marijuana industry, this is still a prudent investment that could make you plenty of money!
Arotech Corporation (ARTX)
Although most people think of the literal definition of penny stocks as being below one dollar, the SEC defines them as any stock trading under five dollars.
This is mentioned because Arotech Corporation is trading (at the time of this writing) at around three dollars. This company is in the defense and security industry, competing with the likes of General Electric and Honeywell.
Looking at their stock over the past month, you will see a steady increase–so it could be that now is the time to jump in!
Penny Stocks to Watch for 2019
The biggest thing to remember about penny stocks is the fact that they are always changing, always growing, and some company, somewhere, is always failing.
Choosing which penny stocks to watch will vary with the month, day, and sometimes down to the minute. The great thing is that these stocks don’t require a huge investment in order to offer a huge return as long as your timing is decent.
Ideally, your investment portfolio will be well-rounded and include a variety of stocks, options, and even real estate! Here is a great article on other smart stock investing tips!