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Finance

What You Need to Know About Buying Penny Stocks

For those who don’t know about penny stocks, the one thing you need to know is that they are very low priced shares that most people ignore because if a share if valued at such a low price, how much profit can they return, right? Well, not entirely. Sure, the stocks are super cheap, but at the same time, they can return you a lot of money, and make you a reach, or well, take all your money away.

Buying penny stocks has always been a controversial topic; I know people who have made a lot of money over those, and I know people who have lost everything over those. If you need to know more about penny stocks, I would suggest you check out Timothy Sykes review for more information.

If you are thinking about buying penny stocks, there are a few things that you need to know about the process.

It is Risky

A stocks that are priced that low are certainly attractive because you can make a lot of money off of them, however, at the same time, you can lose a lot of money as well. The key here is to look for stocks that are doing good in the market. To help you with that, just take a look at type of industries that are hot, and see if the stock belongs to a company from that specific industry

Start Small

I honestly would never dump all of my money in penny stocks right away even if the stocks are really hot. That is why I always advise people to start small because that really does wonders when it comes to saving you from spending a lot of money. So, make sure that you start small, and then climb the ladder.

Finance

Why Your Child Should Go To College

There is a huge chunk of the population that stops studying after high school ends, and immediately enter the work force, and there is a certain set of the population that continues their post-secondary education by joining college and later, even universities. So, if you happen to be a parent that is on the fence and is unsure about whether or not you should send your child for higher education, you can keep on reading below.

Firstly, if your child happens to have a college degree, they are much more likely to have a better job once they enter the workforce later on. A college degree is proof that your child is capable and knows how to work in their respective field, so their starting job position will be much better, and will offer a better pay compared to people who only work with a high school diploma.

College also happens to be a great opportunity for your child to experience diversity, competition and get some training and preparation before going into the practical world, and this will make the transition from educational to practical life a lot easier for them.

College does happen to be really expensive, and it is because of this fact alone that a lot of parents are not able to send their children to college. However, thanks to Registered Education Savings Plans (RESPs), you are now able to start saving up and investing in your child’s future beforehand, so by the time they do happen to reach the age to start college, they will have the necessary funds to be able to afford a post-graduate education. Knowledge First Financial happens to be one of the many companies that collaborate with the federal government and provides RESPs to different areas in the country.