Cheap Stocks Are an Expensive Mistake -- Do This Instead

If you don't have a lot of money but you want to start investing, it may be tempting to search for stocks with a low share price. This could even include penny stocks, which typically cost less than $5 per share.

Unfortunately, while these stocks may seem like an ideal way to get exposure to equities when you have limited cash, you're taking a huge unnecessary risk when you focus on finding companies with the lowest price per share.

The good news is, you don't have to pick low-cost investments even if you have only a few dollars to spend, because there's now a better solution.

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Source Fool.com