Higher-Priced Stocks as an Alternative to Penny Stocks

As a follow-up to my advice against buying so-called penny stocks:

Does it always make any difference in quality buying higher priced stocks? Not if you still cannot determine genuine value.

And most analysts on Wall Street cannot truly do this from outside the companies they attempt to evaluate.. Analysts really are often guessing at what goes on in the companies whose stocks they look at.

It’s the reason why I always suggest investment in low-cost, indexed mutual funds or exchange traded funds (ETFs). (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)