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PennyPicks.net Review – Is it a scam?

Posted on September 25, 2015September 24, 2015 by joann

PennyPicks.net Review – Is it a scam?

If you’re into penny stock investing, then you probably came across the website called PennyPicks.net. This website claims that it can provide you with comprehensive analysis on penny stocks so you will know which ones to invest. The founders of the website are entrepreneurs and venture capitalists who aim to help people make money through penny stock investing.

More about Penny Picks

Signing up for Penny Picks is free of charge. You only need to provide a valid email address and your mobile number. They regularly send newsletters and text messages to its members. While newsletters are free, certain charges are applied to text messages.

According to the founders of the site, the newsletters that they are sending are based on their careful analysis on penny stocks for months. These newsletters are said to be created to help members make the right decision on which stocks to invest in.

Final thoughts on PennyPicks.net

Penny stocks are controversial. What makes them popular is the same reason that makes them risky. Its affordability makes them easier to manipulate. Because of the liability issues, Penny Picks have made a disclosure page saying that their newsletter should be treated not as a financial advice but rather, as a form of entertainment.

If you’re one of those who are really interested in penny stocks, then it’s best to invest time in learning about them and analyzing the risks involved rather than relying to other people to do it for you.

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