Investing is one way that we can shrink the “Racial Wealth Gap”. Getting into the stock market can be intimating and scary but once you start to see your investment grow it be the most rewarding feeling. There is no amount of money that is too small to start investing especially with “God and Google”, which makes opening a brokerage account as easy as 1..2.. 3.. because of all the accessible investment APP’s. Although no amount is too small it may not be worth it. Always review your investment goals and make sure they are realistic.
We all know that no other industry can make the capital appreciation claims that the “Green Rush” can but it also offers more risk. If you are going to invest a small amount of money such as $100.00 and you want to make it worth your time you are going to have to assume more risk. One of the best places to look is penny stocks on the OTC (Over The Counter Market).
Most companies traded on the OTC are smaller and predominantly owned by one individual owner or by a small group of controlling stockholders. Stocks that trade on exchanges are called listed stocks whereas stocks that trade via OTC are called unlisted stocks. OTC securities trade by broker-dealers who negotiate directly with one another over computer networks and by phone using the OTCBB. The dealers act as market makers using the Pink Sheets and the OTC Bulletin Board, which is provided by the National Association of Securities Dealers (NSAD).
There are a few cannabis stocks that are sold on the OTC that you might want to add to your Watch List (Side Chicks). A penny stock refers to a small company’s stock that typically trades for less than $5 per share, most penny stocks trade via over the counter (OTC) transaction. Most companies that trade with share prices under $5 dollars have relatively small company value called market capitalizations. Whenever you are investing you should consider the fundamentals and/or financial statements of a company.
Here Are 3 Things To Consider When Picking A Cannabis Penny Stock:
- Do not think of Penny Stocks as affordable, what you do not pay in price you will pay in risk and volatility so make sure the shares align with your Risk Appetite and Investing Plan.
- Consider how badly the shares are being diluted through the use of stock splits, stock options and issuing new shares to raise capital.
- Control Your Risk. If you are trading then your decisions are based on short term gains. However, if you are looking to invest in the long-term understand that theses stocks will offer more risk and volatility.
Here Is A List Of A Few Cannabis Penny Stocks To Add To Your Watch List (Side Chics).
Grow Generation- OTCMKTS: GRWG
General Cannabis Corp: OTCMKTS: CANN
mCig Inc- OTCMKTS: MCIG
Slang Worldwide Inc: OTCMKTS: SLGWF