It's time to research a publicly traded company and see if its stock is worth the money.
Penny stocks have more than one definition: officially, they're any stocks that trades below $5 a share, but in common use they can refer to any stocks "trading off of the major market exchanges." For someone who's new to the stock market and wants to get an idea of what it's like, penny stocks can be a great way to test the waters.
What happens when the stock market undergoes its most precipitous decline within a trading day ever? People freak out. And sometimes, stocks will become worthless. Literally.
Money is tight and jobs are scarce, so it may seem like investing is the last thing you should do. However, there are opportunities in this seemingly glum picture.
The good news: the value of your investment increased 5% in two months. The bad news: the money you invested was fake.
Most financial terms are as boring as the local evening news, but today's Financial Lexicon entry, zombies, is definitely not boring. I mean, they're the living dead, it's okay to bash their skulls in, and they even harrass people on Valentine's Day--what's not to love?