Hi im a 16 year old student looking into penny stocks. I’ve been value investing since i was 13 but im been primarily focusing on blue chip stocks. So far, ive earnt about 1k+ from investing and my portfolio (currently) is about 6-7k sgd (no joke). I dont have much money to work with but i do want to look into penny stocks as they are much more interesting and have much higher returns (and higher risk). So as someone who wants to start investing into penny stocks , i have some questions
1.Should i sell some of my blue chip stocks for penny stocks? And if so, what should i sell. (prices are estimated current value of the stock)
Current position : up 6% in meta (5 shares-4.2k sgd), up 8% in novo (20 shares-1.6k sgd) and down 11% unh (2 shares- 900 sgd)
2.what percentage of my portfolio should be penny stocks?
3.what are some good websites/ apps to track and do research on the financials of penny stocks. (i currently also have wsj, barrons and marketwatch-are they good?)
4.How do i block out noise from reddit- i know its a good place to buy penny stocks but it has alot of rubbish in it so how can i filter it
5. Is there any other subreddits recommended for penny stock makret research?
Thank you for answering the question (if you did) and your time