5 Penny Stocks Under $5 that Will Make You Rich

I love penny stock investing but we haven't talked about it in a while because the environment has been horrible for these small companies. If you aren't a trillion-dollar tech giant, the market has had no love for penny stocks.

That's about to change this year with three reasons to start buying penny stocks now. I'll share those reasons and reveal the five penny stocks under $5 a share to buy now.

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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 dividend stocks, investing and ways to make 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.

[michaelschiemer]

I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270, 000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.

[Casey-summer]

The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?

[mulemule]

0:26 1). RKLB (Rocket Lab)
3:24 2). SOUN (Sound Hound)
5:51 3). TUYA (Tuya)
9:45 4). WW (WW International)
12:05 5). TELL (Tellurian)

[austinbar]

Concluding 2023 with a 20% decline in the S&P 500, long-term investors find a promising entry into 2024. Noteworthy ETFs include: $VOO for S&P 500, $VTI for total US market, $QQQ for tech growth, and $SCHD for growth with dividends. Calculating my annual dividends, I'm thankful for $167k—attributing it to discipline and focus.

[Erickruiz]

Scholars who study the stock market’s historical performance estimate that over time, the payment (and reinvestment, and compounding) of dividends have contributed anywhere from 30% to 90% of the S&P 500’s total returns. I want to spread across $400k into profit yielding dividend equities but unsure of which to get into.

[Adrianaluca-umny]

Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.

[johnlennon]

I agree that many people are considering NVDA as the "Stock of the year." However, I'm curious about which stocks could potentially become the next META in terms of growth over the next decade. I've allocated $200k for investment, aiming to retire comfortably.

[lemgzqg]

I’m under pressure to grow my reserve that currently holds about $500k. I’m down by 20% already following the crash and I fear I could lose more.

[dianarabbanii]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[CharlesWalker-jbyl]

I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.

[thejesser]

It's a love-hate with penny stocks. Wild ride with reverse splits and crashing delicate revenues and stock price. Nowdays I look for companies that make close to $1 billion or more, low debt, and under 80k outstanding shares. I'll keep these on my Penny Watch list. Thanks Joseph.

[Maddipham]

thanks Joseph, what do you think about the BE and can you recommend some hydropower stocks?

[victoriaabott]

Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

[LeslieWhitney]

Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 2.1BTC to a decent 15B TC in the space of a few weeks... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..

[billbryant]

Would you consider MPW for this list? Do you see enough in their most recent filing to indicate they will recover? Holding on to my shares for now but it's been a tough ride! Semper Fi..

[Hardstone]

Thank you.
Can you please make an update for APPS?

[wesvan]

I know it’s not a penny stock but what do you think of getting into EnergyX?

[jomuto]

Joseph,
Thank you for sharing your knowledge, what is your opinion about Sensionics Holdings inc. SENS.

[chucalissa]

Where is the link for the gigistar investors ?

[Avalonic]

Can you recommend a platform I can get on with my phone to invest in stocks? Thanks 😊