Penny stocks, or stocks that cost less than $5 per share, offer a fantastic way to earn an income. With the Internet and a computer you can trade penny stocks from anywhere. If you want to be a nomad, trading penny stocks is a great option.
All investments come with risks. Penny stocks tend to be riskier than blue chip stocks, like Apple and Google. However, as risks increase so too do the potential profits.
Those investors who master penny stock trading can generate huge profits. Penny stock traders can also travel anywhere, including to countries and locations that offer an affordable cost of living. This Penny Stocks Guide can show you how.
As a result, nomadic penny stock traders can produce profits while keeping costs low.
What Does It Mean to Live As a Nomad?
Nomads live life on the go. A nomad does not have a permanent place that they call home and frequently travel to new locations. A nomad may have a “home base”, such as a room at their parent’s house, but they will rarely spend more than a few months there at a time.
Instead, nomads seek out new adventures. Some people go their whole life living as nomads. Others will spend only part of their life traveling before settling down.
How Can You Fund a Nomadic Lifestyle?
Does the nomadic lifestyle sound exciting? For many people, the opportunity to travel and to live without attachments is appealing. However, a nomadic lifestyle makes it difficult, if not impossible, to have a normal career.
In the past, some nomads would work a nine-to-five job, save up money, then quit in order to travel. Many would work side jobs in the locations they traveled to, but often the income wasn’t enough. Fortunately, the Internet makes it easier to earn an income while on the go.
Be A Nomad: Keep Costs Low and Profits High
Many nomads have been using financial markets to make trades and earn income. Since many nomads are tight on cash, the high-profit potential of penny stock trading offers immediate appeal. It is possible to earn returns in excess of 100% in a single day with penny stocks!
As a nomad, you can move just about anywhere, including to low-cost locales. Why not check out the Caribbean, Southeast Asia, or South America? Living in these areas, and avoiding 12-month leases or 30-year mortgages, will help you keep costs low.
Use the Internet to Trade Penny Stocks
In the past, an investor had to work with a full-service stockbroker to conduct trades. You’d call up your broker, let them know what stocks you wanted to buy, and they would then execute the trade. Sometimes, it would take hours to execute a trade!
Trading was also very expensive, sometimes costing hundreds of dollars to conduct a single trade. The Internet, however, allows investors to trade stocks quickly, cheaply, and from anywhere connected to the Internet. This has made it both easier and cheaper to trade penny stocks.
Penny stock trading is perfect for nomads, and the nomadic way of life is great for penny stock traders. You can live where you want and see the world on your own terms.