Does Penny Stock Egghead Really Work?

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Does Penny Stock Egghead really work?If you’ve been wanting to get started in investing in penny stocks, you might have considered Penny Stock Egghead as a way to shorten the learning curve. If you’re a seasoned investor, you might have wondered if penny stocks are even something you want to get involved with, or if you should just keep diversifying your portfolio with well-known companies. There are a lot of different fields of thought on this, but most agree that there is considerable potential, and possible gains to be made.

Penny stocks are different from your standard or blue chip stocks in that they typically trade at lower amounts, allowing you to buy more shares with the same amount of money, and they can also make bigger moves in one day than your more traditional companies do. The risks are still the same, because these stocks can move down with the same big impact, and depending on how many shares you bought, you can end up losing a considerable amount.

The Claim
The claim is that you can retire as a millionaire, starting with just $1000. This is a common claim with penny stock gurus, and they usually give an example of making trades to turn your $1000 into $3000 and then your $3000 into $7000, and on and on until you get to $1M.

Nathan Gold seems to be the Penny Stock Egghead from the title, who was a self-proclaimed math whiz that now uses this uncanny ability to delve into company research and predict when a stock is due to make an upward move. You pretty much have to take his claims at face value, because it’s hard to prove any of them by going over his sales page.

He says that penny stocks are Wall Street’s biggest secret, and that they are the quickest gaining investment in the financial universe. However, the Forex market makes big moves almost all of the time, creating plenty of room for big gains, so this is debatable, at the very least.

The Hype
The hype comes from the four step process he shows on how to turn $1000 to One Million Dollars (insert Dr. Evil with his pinky finger at the corner of his mouth). Why is this hype? Because his main competitor, the Penny Stock Prophet, makes the same claim, but says it will take you 38 trades. Which one would you rather go with, 38 trades or 4?

The Cost
The cost to subscribe to the Penny Stock Egghead is $97, and it’s a one-time payment.

The Commitment
Getting tips is one thing, but no one is going to hold your hand while you make the actual trade. It can still be a little unnerving to hit the buy button to place the trade, and put up your seed money. There is no safety net, and no guarantee that the stocks you pick will go up in value. It takes a little bit of a steel stomach and some confidence to place the trade and believe in yourself.

We like that he’s got the Penny Stock Egghead set up as a “one trade a week” system. If it involved day trading, or constantly making trades all of the time, it wouldn’t really be worth it, and would be too much like a regular full time job. By only having to place one trade a week, it puts it into an area that most people can handle. You don’t have to spend your time immersed in company facts and figures, you can lead your normal life but have this going on on the side.

Here is the big question: why would someone that has cracked the code on making large returns with penny stocks, bother making a product and selling it for $100 each? It seems they would just take that information, make millions and millions of dollars with it, and enjoy a jet-set millionaire lifestyle. Why mess around with the chump change you collect from people wanting to sign on for your tips, and the customer service form people complaining when they don’t make money following your advice?

Final Penny Stock Egghead Review

Depending on how savvy you are when it comes to picking stocks, the Penny Stock Egghead will be a help or a weekly nuisance. If you like making your own mind up, doing the research, and like the joy of picking winners on your own, you probably won’t get much use out of it, and it will just be a form of spam after a few weeks. If you don’t have the time or don’t like researching companies from scratch, you will probably find a lot of value in getting a list of companies to take a look at every week.

Is every pick he makes going to be a winner? Probably not. But the same can be said for going along on your own. In the game of stock picking you just need something to give you an edge, not to rule the world. We believe this will give you that edge, or at least save you a bunch of time, either way it makes it a good buy.

Our Recommendation
The one thing we like about the Penny Stock Egghead system is that it’s just a one-off fee with no monthly subscription. It’s a real drag when you sign on for things like this and they expect you to keep paying monthly in order to stay subscribed to the list. At least with this you get to try it out for 8 weeks, and if you don’t like it you can get your money back, and if you do like it you don’t have to do anything, just keep receiving the weekly newsletter.

We’ve easily dropped $100 on books, programs, and bad stock picks. This makes a lot of sense to us, because it gives a starting point as to what stocks to look at. You’ll still want to do your due diligence, researching the stocks he’s recommending and making up your own mind, but at least you don’t have to sift through the thousands of companies out there and shoot blindly.

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What do you think? Does Penny Stock Egghead work or not?

3 Customer Reviews on “Does Penny Stock Egghead Really Work?

  1. I have been a subscriber on the newsletter for a long time. Like everything else. This is not magic. 4 out of his last 5 recommendations bottomed after he recommended is not as much hands off as advertised.

  2. I’m with Alexis on the fact that it should be ok if you have second thoughts as you can get a refund.

    However, as with all these systems, they can only show you how to do it… they can’t do it for you.
    So ultimately, it’s up to you to make the right choices on putting your money on the right stock.

  3. It claims big money and I really don’t know what to believe. Given the fact that you can get a full refund it should be okay.

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