In general, the investment horizon is long term for blue-chip stocks or high-quality growth stocks. However, penny stocks are high risk and exposure is generally for a shorter time-frame. Having said that, there are few millionaire-maker penny stocks that are worth holding for the long term.
I see quality penny stocks making a mark. In the next five years, the fundamentally strong penny stocks discussed can deliver 10x returns. My focus is on companies with positive industry tailwinds that will back robust revenue growth. Additionally, there are companies with impending technological or regulatory catalysts that can trigger a massive rally.
Let’s discuss seven of the top penny stocks to buy and hold.
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