Mystery and misinformation in the world of penny shares

Investing in small caps can be exciting as well as rewarding, says Tom Bulford. But the route to penny share profits isn't always straightforward.

The world of penny shares is an exciting place to be for a private investor, a place where time spent learning about small companies often brings rich rewards. That's why I love writing about them and I guess that's why you're reading Penny Sleuth.

However, the route to penny share profits is not always a straightforward one

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Tom worked as a fund manager in the City of London and in Hong Kong for over 20 years. As a director with Schroder Investment Management International he was responsible for £2 billion of foreign clients' money, and launched what became Argentina's largest mutual fund. Now working from his home in Oxfordshire, Tom Bulford helps private investors with his premium tipping newsletter, Red Hot Biotech Alert.