IFB182: OTC Stock Basics; The Best Free Tool for Stock Market Data

Welcome to the Investing for Beginners Podcast. In today’s show we discuss the basics of OTC (over the counter) stocks and the best free tool for stock market data. Buying and selling OTC stocks is not the same as investing in known entities, and understanding how that world works is the key to success. Check out last weeks episode on penny stock investing with Timothy Sykes for guidance. The free tool, quickfs.net is the best tool out there for seeing long-term (10 years) financial data. Having access to this free tool allows you to see the performance from a higher view, allowing for better questions and deeper analysis. For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com SUBSCRIBE TO THE SHOW Apple | Spotify | Google | Stitcher | Tunein Transcript Announcer (00:02): I love this podcast because it crushes your dreams and getting rich quick. They actually got me into reading stats for anything you’re tuned in to the Investing for Beginners podcast led by Andrew Sather and Dave Ahern. A step-by-step premium investing guide for beginners. Your path to financial freedom starts now. Dave (00:33): All right, folks, we’ll welcome you to the Investing for Beginners podcast. Tonight, we have episode 182, Andrew and I will read three great lists of your questions, and we’ll go ahead and do our usual. Good. We’ll give a date. So I’ll go ahead and read the first question we have. Oh, by the way, happy new year to everyone. This will be coming out around the beginning of the new year, so I hope everybody had great holidays and enjoyed the new year. And I think we all will say hallelujah, that it’s 20, 21, and 2020 is behind us. So hopefully, everything will go great this year. Amen. All right, so let’s go ahead and read the first question. So I have Hey Andrew. What are the ups and downs of buying an OTC stock? Andrew (01:18): Alright, so OTC stock stands for over the counter stock. If you listened to our episode last week with Timothy Sykes, we talked about penny stocks. And so, a lot of OTC stocks can be penny stocks. They might; I’m not sure if all OTC stocks are penny stocks, but a lot of OTC stocks can be penny stocks, but not every penny stock is an OTC stock. So what’s a penny stock. What’s an OTC stock. So a penny stock is any stock that’s trading at $5 or less. And so you’ll see that on the ticker on a financial website,