The Insurance Information Institute cites that the average cost of renters insurance across the United States is about $179 per year , according to their most recent data. That said, renters insurance premiums can vary widely based on where you live, your claims history, and your chosen coverage limits, among other factors. Renters insurance policies […]
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To legally drive in most states, you need to have car insurance, with the minimum amount determined by your state of residence. We should really refer to âcar insurance minimum coverages,â in plural, because requirements can exist for liability insurance, property damage, medical expenses, uninsured/underinsured coverage, and personal injury protection, among other possibilities. This post […]
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Turn a passion for travel into a paycheck. Here’s how to become a flight attendant.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Hereâs how to answer those tricky behavioral interview questions from hiring managers who ask what youâve done in the past.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Supplemental life insurance is typically an additional policy that you can purchase to augment the group life insurance policy obtained via your employer. These policies can provide extra peace of mind when it comes to protecting your loved ones, but is more insurance always better? You may wonder whether purchasing this kind of policy is […]
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Working from home is great, but it often comes with surprise expenses. Here are 11 tax deductions you canât afford to overlook.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Looking for a new career? Weâll outline some of the highest-paying jobs in 2022, plus how to find openings.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
For many people, the goal of investing in assets like stocks or real estate is to see the price of the investment go up. The objective is to buy at a relatively low price and hope the asset’s value goes up over time. Though it may be easier said than done, this strategy — called […]
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Cheap stocks are effectively Wall Street’s casino. It’s OK to play them for fun once in a while â just don’t make a habit of it.
Stocks come in all shapes, sizes and prices. Right now, some of the largest companies on earth include Amazon.com (AMZN) and Google parent Alphabet (GOOGL), both of which trade at four-figure prices. While nominal prices broadly don’t mean much â a company with a $50 stock might be every bit as solid as a company with a $250 stock â these firms’ outsize stock prices (and more importantly, their roughly trillion-dollar market values) reflect a long track record of success, not to mention extremely stable financial positions.
On the other end of the spectrum are small caps and even micro-caps: typically cheap stocks that trade for such low prices for a reason.
Investors often gravitate toward cheap stocks in part because of the psychological appeal of being able to buy many shares for a small dollar cost. Also, these stocks are often subject to bigger price swings, making it seemingly easier to reap big gains in a short time.
But institutional investors often do the opposite. Sometimes they bow out once a stock dips below $10, and more will exit once share prices dive below $5. That’s because while nominal prices typically don’t matter, when they’re low enough, they reflect higher risk. Some stocks trading in single digits are in long-term decline. Very low stock prices often reflect smaller market values, and lower-value companies are more susceptible to “pump and dump” schemes. Also, the major exchanges have a $1-per-share minimum trading threshold â stocks that trade under this for long enough risk being delisted.
Even good cheap stocks to buy carry significant risks, such as high debt loads or narrow revenue streams.
Here, we’ve identified five cheap stocks to buy for their promising potential. In each case, they’ve caught the eye of at least one or two analysts; like institutional investors, Wall Street’s analyst community often turns away from sub-$10 stocks. Just remember: These are extremely risky positions that can move in a hurry. If you invest in these at all, do so in small amounts that you can afford to lose. Also, use limit orders and stop-losses when speculating in cheap stocks, and monitor their prices carefully.
Data is as of June 29.