Investing in blue-chip stocks is boring but rewarding. Long-term value creators among blue-chip stocks demonstrate the power of compounding. On the other hand, investing in growth and penny stocks seems exciting since they’re associated with higher volatility. Of course, it comes with the baggage of high risk and therefore the portfolio should be well diversified.
This column will discuss three penny stocks that are likely to skyrocket in 2024 and move beyond the penny stock classification. The risk of investing in these stocks is high. However, the fundamentals and business outlook for companies representing these penny stocks are positive.
Let’s discuss the reasons to be bullish on these exciting penny stock names.
This post originally appeared at InvestorPlace.