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Posted on 02 April 2012.
A hot penny stock list and other types of lists are a common commodity that are made available to investors; this makes it difficult to figure out whether a list is actually worth the cost or simply a scam to make money. The first step is to look for specific lists. It is rather easy to make up information for a general list, because it can pull from any and all types of stocks. A specialized list is less likely to be fabricated, because it would require a similar amount of research as producing an actual list.
People will still try to produce garbage and call it specialized, but at least with a specific list there is a lower chance for wasting money. Many lists will make use of time tested investment techniques to identify the current hot stocks; these hot penny stocks lists act as a short cut by narrowing the list of companies that an investor should research. When purchasing a list always consider whether it provides any sort of money back guarantee; this is a clear cut sign as to whether the list is worth the investor’s time or just a scheme to make a quick buck.
The power of any list is the content inside it. A savvy investor can often identify a worthless list after the first read; this may not be true of a beginner and that is the type of investor who is in danger of making a bad investment by blindly following information. This issue highlights a common bad habit that many investors fall into; he or she will use a single source like a hot penny stocks list and use that information as gospel, while the prosperous investor will draw information from multiple sources.
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