Penny stock newsletters can be a useful resource for investors who don’t have enough time to find stocks to buy. Nowadays there are a tonne of newsletters online, providing advice via email or their website.
The vast majority of them focusing on low-priced stocks are free. They simply ask for an email address and in return they will spam you with “hot stock tips” ready to explode in the near future.
Unfortunately, 99% of time these newsletters have hidden motives and run pump and dump schemes. They’re in the business of hyping up stocks, unloading their shares near the top and leaving the suckers who bought late holding the bag. Despite how well-known these schemes have become, people are still falling for the hype in the hope of making huge returns.
Pump and dump schemes are legal but promoters must share their ownership of shares or any monetary compensation in the disclaimer – these are typically in very small writing at the bottom of the email.
Free Penny Stock Newsletters
The websites below offer free email alerts but be wary of any picks and always read disclaimers. No matter how good the opportunities sound it’s always all hype no substance.
If you don’t mind paying for picks, there are a handful of subscription services worth trying. They normally have a monthly and annual plan. In exchange for a fee the advice is generally more reliable, especially services with a strong track record of profiling,penny stocks. Subscription-based services generate their revenue from paying customers rather than pump and dump schemes.
Peter Leeds is one of the leading authorities on penny stocks and all-round nice guy. The Canadian has been offering stock picks online for the best part of the decade and has released three books on the topic. Over at PeterLeeds.com, his newsletter costs $199 for an annual subscription.
Mr Leeds provides unbiased research on a select group of high-quality penny stocks. He employs a research team to filter through thousands of crappy companies to locate the hidden gems. The picks are long-term investments which requires strong discipline to buy and hold. A company’s share price might barely move for months and then boom, 50% move in a week.
In addition he also provides market commentary, shares his personal portfolio and educates subscribers on how to research companies. Overall an excellent option for someone lacking the time or knowledge to find unique investing ideas.
Tim Sykes is a controversial character synonymous with the world of penny stocks. Sykes has successfully traded penny stocks for the past 20 years and has made $6,677,850 from stock trading.
He runs an educational empire consisting of DVDs, chat rooms and newsletters. Tim Alerts and Pennystocking Silver are the most popular newsletters with day traders. Sykes teaches everything you need to know to progress from a beginner to an advanced trader and now has multiple millionaire students.
Sykes doesn’t just charge for services and does run a free newsletter, sending out a watchlist on the hottest penny stocks to trade during the week. The only downside is he does heavily promote paid services in the emails.
Similar to Peter Leeds, Sykes has a long-term investing newsletter called ‘Small Cap Millionaire’. Although he’s more known for day trading, Tim does like to invest in some companies. Red Cat Holdings, a drone pick is an example of a recent winner he released to subscribers. Small Cap Millionaire is $749.00 per quarter or $1997.00 for the year. A lot more expensive than Peter Leeds and the holding periods are shorter as well – ranging from a few days to months.