So in my spare time I spend alot of it looking at different things to invest in and I couldnāt help but notice these very very cheap stocks that are under a pound.
My question is would be it be something worth getting into? What is it? And What advice can you give if I was to get into this?
Hi @Makemerichplz21 youāll not get anyone dishing out advice when it comes what to buy or not to buy - thatās youāre call 
Doing what youāve suggested sounds like swing trading / day trading. This is hard work! Your competition not only have high frequency trading algorithms, a degree / masters from an amazing university and way more information than you but they also have all day. Study have shown that over 60% of (non professionals ) people who do this kind of activity loose money. You could stick your money into a cheap ETF and make a nice return all the while learning a new hobby like knitting, woodwork or cooking with roadkill.
Itās your time and your money but you might end up having more fun spatchcocking a badger - and thatās saying something!
has anyone ever told you your name sounds like a solicitors practice? I likes it!
I mean when you put it like thatā¦
Cheap ETF it isš
Thanks that wasnāt what I had in mind but Iāll take itš
As penny stocks is a bust Iāve been looking at dividends and I found one that is $3 a share and has a dividend yield of 3%. Does that mean if I bought 100 of them I would get a return of $9
And then letās say if I kept buying 100 more shares every month which would be $300 given that the price stays the same and the dividend yield stays the same then I would get $18 and then just keep doing this is that how it works?
Badger loves ā¦ MASH POTATO! He makes it into shapes and eats it everyday
Now back for question you asked
A dividend yield is calculated by -
So in your example yes youād get $9 (-15% tax because American says so) The team have your back with learning articles like this which will explain better than I can -
Also some chap pit this nonsense together on a Tuesday about dividends.
