Avoiding Scams in Penny Stocks

Penny stocks are a great way for you to earn a lot of money really quickly, and if you are not familiar with penny stocks already, then you are already missing out. Penny stocks involve investments and trade that falls under $5, and yes, it is actually possible to trade and invest in stocks with an amount that low, and this is only possible because penny stocks are usually limited to new and small businesses that have not yet established a name for themselves.

Now, because people are becoming more and more aware of penny stocks, a lot of other people have started taking advantage of the situation and end up scamming investors. Fraud and market manipulation are really common in this area, which is why you need to be smart enough to avoid these scams and make sure you make the right decisions. For more information regarding how you can increase your profits through penny stocks, you can check out Timothy Sykes review on different trade deals and ideas.

  • The first thing you want to do when investing in penny stocks is not to dive unprepared. You should not go ahead and invest in every company that seems to have drastic growth rates. You should instead, find out about said company’s management, whether or not they had any major losses or legal issues and so on.
  • Make sure to go through released financial statements by the company in order to check their liabilities, whether or not they have any major debt, and what their revenue and growth has been of the last quarter.
  • Sometimes companies have people write elaborate reviews about their stock experience where they overhype the company, and this falls under promotion, so before falling into the hole, make sure to find out whether the individual is actually providing information or if they are just promoting.

RESPs: The Superior College Fund

As a parent, we want nothing but the best for our child. So, we work hard day and night in order to be able to give our children whatever they want to the best of our abilities, ranging from clothes, technology, and other such essentials and luxuries. One more thing that we really need to ensure is that our child gets the best education they can get, because while they might be too young and naïve too realize it, we still know the importance good education holds in the practical world.

One way to make sure your child is well-prepared for practical life is to send them for post-secondary education after high school, because a college degree ensures a better life start for your child. Now, college is not really something a lot of families can afford, so that is why you need to start saving up beforehand. You could make a college fund, or you can plan smarter and opt for an RESP for your child instead.

A registered education savings plan is a government launched scheme in collaboration with different companies like Knowledge First Financial all over the company, helping to provide your child with a proper education plan. RESPs, unlike other funds, happen to be tax-free, so this allows you to save more money a lot more quickly. Another major plus point about RESPs is that even the federal government will add money to your child’s RESP through the available multiple grants that are being used. So, this way, through an RESP, you are able to gather more money a lot more quickly, allowing you to be able to fund your child’s college education. So, if you are looking for the best possible plan of action for your child’s college education, then RESPs are the way to go.