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Which Stocks Should You Choose: Cars, Penny or Other?

9 June 2017 No Comment

Predicting the market is not an easy thing to do, and no matter what anyone tells you, it’s not foolproof. The public is what ultimately decides which goods and services have value and where to buy used cars in NY which can get tricky. As it turns out, the public doesn’t always know what it wants, and it can be rather fickle when it comes to their attention span. So, what’s right for you? Car stocks, penny stocks, or another type of stocks? Here are a few details to keep in mind about how, when and what to buy.

Car Stocks

In the world of cars, one thing seems clear: self-driving is the way of the future. This means that new and existing driverless car companies may still be the smart move at this point when it comes to investment. Along with massive car manufacturers like Thor Inc. and GM, there are technology companies like Intel and Qualcomm who are coming up with the software that will grace the cars of the future.

Considering so much of the technology has already been integrated into the new cars on the market, everyone is focusing on how to make self-driving more efficient and more mainstream. Considering the Tesla Model 3 got as much attention it did at the price it did, it’s safe to say that people are interested. If you’re looking for an effective way to keep yourself and your family safe on the road in the meantime, there are defensive driving courses that can help lower your insurance and become a better driver.

Penny Stocks

Penny stocks are any stocks that fall under the dollar threshold. Penny stocks and penny slots have a lot in common in that they’re both cheap and give you more opportunities to play. But everyone who plays these ultra-cheap games knows that their chances may not be very good at winning. Penny stocks from fledgling or failing companies are more likely to fail completely than rise up to hundreds of thousands of dollars. And if you bet enough of your money, it can leave you broke at the end of the day. Penny stocks are great for those who have the time to watch how companies react to the market, what they’re doing to improve, and how they hire their employees.

Industry Stocks

Let’s say you happen to know an industry like the back of your hand. Perhaps you have more than a passing interest in video games, so you know which products are always up and which ones are on their way out. These types of facts aren’t ‘insider’ knowledge, so much as they are a way to turn what you’re interested in into cash. It can make investing a lot easier if you have the courage to take a chance.

Buy the Dip

Some investors play based on the amount the stocks are and the relative strength of the company. Once the market takes a major turn, people will buy them at their lower prices because they believe the market will hit an upswing sooner rather than later. This strategy is typically sound in terms of making a profit, but investors tend to make even more money when they invest in the long-term. This type of investment will be best for those who don’t have a lot of time to sink into the market, and who are looking for an investment that’s a little faster.

However you invest, it’s important to remember that each investor has their own style. The public may be fickle, but if you stay steady and smart, you just be pleasantly surprised at the results.

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