Tips for Media Mammon....
I'm going to break this down into 4 sections:
Beginners Strategy: ($250 -> $100,000)
Mixed Strategy: ($100,000 -> $500,000,000)
Advanced Strategy: ($500,000,000 -> Unlimited Funds)
When you are starting out, quantity is everything. Seek out <= $1 stocks that are likely to make money FAST. Put all your money in a single stock at first, until you reach the 10,000 shares/stock limit. Don't buy anything that is expected to pay out only in the long term.
Explanation: Your payout for $1 stocks doubles when the price reaches $2, then again at $4, $8, $16, $32, etc... If you buy stocks above $1, it takes much higher price points to double your payouts!
Once you hit the $100,000 mark or so, start transitioning to the advanced strategy below. For now, pick up the good potential $1 stocks (10,000 of each) when you see them, but once you hit the limit of 10 different stocks in your portfolio, start buying the more expensive stocks that are likely to pay out well... Again, short term is best, but long term payouts are becoming more acceptable.
Once you have seemingly unlimited funds, the best stocks to buy are those that will achieve the greatest gains, REGARDLESS of the purchase price. For example, 10,000 shares of a $300 stock that is likely to rise to $3,000/share is a better buy than 10,000 shares of a $1 stock that is expected to hit $100/share.