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Buy Penny Stocks Online – Good Idea?

If you’ve ever thought to yourself “I might buy penny stock online”… hold that thought. There are a TON of scams, fraud and spam going on in the wild world of stock trading, but more specifically dealing with penny stocks. To give you an idea of how much garbage is being peddled online (as it relates to penny stocks), a study done at Oxford found that 15% of ALL spam was related to penny stock fraud.

I’m not here to say “Don’t buy penny stock online!”… I just want to inform you of some fraud/spam/scams that are making the rounds at the moment. 온라인홀덤 The whole key to buying online is finding a credible source of information. Anyway…

One of the biggest fraud schemes going is known as selling “chop stocks”. Chop stocks are stocks purchased for pennies and then sold for dollars… this gives the brokers and stock promoters insane profits per share. When this kind of stuff happens the brokers are paid under the table to sell the stocks… super shady stuff.

Another big one is known as the “pumped and dump” scheme. The concept is simple and you may have heard of it before… it involves misleading statements (typically flat out lies) in an effort to “hype” the stock (i.e. pump it up). The stocks are then “dumped” on the public at inflated prices. This scheme is mainly done using the Internet but sometimes you’ll get a call from a telemarketer.

Pump and dump schemes are usually promoted through email spam but you’ll also find people doing it on online message boards/forums. The same study that found 15% of all spam was related to penny stock fraud found that people who responded to the scam lost 8% of their capital/investment in just 2 days… meanwhile the spammers would see a return between 4.9% and 6% when they sell. Not cool…

If you’re interested you can check out my reviews of the three most popular stock trading products here

Buying a new chess set can be an exciting event. There are so many things to look at options to choose amongst; from materials to styles to sizes. While there are good stores to go to buy a chess set, the majority of people are now relegated to purchasing online. Like everything else these days, chess sets are available for purchase online. Also like everything else, there are guidelines that should be followed so that the best possible buying experience is provided to the customer.

The usual rules for any shopping online hold true when purchasing chess sets. Be sure that your data will be protected during online transactions. Verify a store’s procedures for customer service, returns, e-mailing, and breach of data. Be sure that a store follows the best practices found at usgovinfo.about.com/od/consumerawareness/l/blonlineshopsaf.htm

Buy from an established store.

There are many stores that are popping up left and right, selling things willy-nilly, with no concept of what they are doing. It is unfortunate, since the games of chess has such a long established history of respect. An established store is going to have better understanding of a chess players needs and are going to be loyal to them

 

 

 

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