5 Penny Stocks I’m Buying 2024

Most of you know I come from a venture capital background, where the returns can be 30- and 50-times your investment with portfolio returns averaging 27% a year. But because of SEC accredited investor rules, most people can’t invest in startups. The government limits these to only those with a million dollars net worth or making over $200,000 a year.

That makes penny stock investing the best opportunity for Main Street investors. You’ll find the same high growth opportunities in stock of smaller companies that you’ll find in startups…and the same return potential. In fact, even though I still invest in startups and venture capital, I also invest in penny stocks and have $40,000 in five stocks. Be sure to watch through the video because I'll also show you a key difference in penny stock investing and rules to find the best investments.

Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.

[josephhogue]

What penny stocks are you buying right now?

[timklieber]

@josephhogue it's great to see how consistent you are with your picks. I've created a portfolio of your recommended penny stocks on M1 (the ones that are available anyway) and 3 of the 5 listed in the video are already in the portfolio. The other two aren't available. I'm following your advice and holding these for at least 3 years to see which ones pop!

[tampabayrodeo]

I'm really worried about the current bank crisis. If a bank as big as SVB could fail, I fear for a lot more. I know a friend who is running a high-growth startup, and was badly hit by the bank run. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to$250, 000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?

[coglineerro]

The only penny stock I own right now is NU. As risk heavy as my investments can be, I need penny stocks to be something special before I am willing to put money into them and the strength of Nu Holdings, especially as it branches out of Brazil and spreads to more of Latin America makes me expect huge gains that I can reinvest in dividend stocks within 5 years.

[rebeccaartgallary]

I just bought more stocks few minutes ago. Tying up money due to an apocalyptic stock market crash is also not a smart move. Life is a risk and it's better to take risks than to do nothing, you can't always expect to make huge profits all the time, people have so many opinions about a recession/depression. In just 5 months my portfolio grew by $300k in gross profit, the main thing is to diversify your portfolio and you will see amazing results by investing smartly.

[jonsmith]

GROY will be a great addition, will be keeping an eye on FRBK, thanks for the work and fun vid's (gotta love them penny stocks)

[jtm]

HNRC is trading at 10 cent with a NAV of 3.25. They just acquired Cunningham energy and tripled their size. They are also about to uplist. You won't be disappointed on this one!

[jNeal-gjiu]

I just invested in $FFIE. In 3 days, they roll out their new car.

[adamdotnorman]

When he suggested buying (FRBK), the price was $1.505. Now Jan 2024 it's $0.03 !!!
wow

[nicolapansini]

These guys make their money with YT videos rather than with stocks. All the mentioned stocks have lost a great deal of value. People invest in yourself rather than following randoms on YouTube

[TheTobacko]

I love INVITAE. Will hold it forever like Buffett and Munger🎉🎉🎉🎉🎉

[jesusrojas]

Great video Joseph! Wishing you could touch in past penny stocks like IDEX, AQMS, STT, LYG
just to mention a few.
Thanks.

[ParkDari]

I live super frugally don’t eat out don’t do Starbucks have no debt so I allow myself 25 bucks a week to blow on penny stocks most of them go belly up, but I have a few that are going to start showing really decent return in about a decade. This is my frivolous entertainment. I also don’t have cable TV or go to movies . my main retirement is always on auto pilot in very safe mutual funds same with my Roth IRA.

[DanielSantos-qiuk]

Would you recommend LEAPs as a way to invest in these names

[halilke]

I am glad you mentioned current market cap and possible future market cap of PRE7VR. Don’t freak out people, it’s just a freaking bet.

[ana-piut]

Are penny socks vulnerable to short selling and naked shorting?

[KamilRahimli]

Hello sir, how do you feel about holding these companies still? That video was published 4 months ago and today i checked the penny stocks which you shared they are all bearish crazily. Is it due to the Inflation and world economy? How do you feel generally when holding that kinda stocks when they are down? Are you worried about your investments at all?

[yidaniarojas]

Where and how do I buy stocks? I am new to investing and am seeking reliable information.

[markalman]

All 5 stock picks are drastically down.

[alonmazri]

those good for long term investment? 30+ years?