As we venture further into the promising landscape of 2023, the hunt is on for penny stocks for triple-digit returns. The prevailing sentiment among market gurus points towards reasonably priced stocks with specific catalysts.
However, let’s not paint all penny stocks with the same brush. Amidst the sea of small-cap stocks, there exist overlooked gems related to sustainable businesses brimming with immense growth potential. Capitalizing on these underdogs at their current low ebb could pave the way for multi-bagger gains over the long term.
Bear in mind, though, that the realm of high growth penny stocks has its pitfalls, with the potential for stocks to nosedive to zero. Dedicating 10% to 20% of your portfolio to these top penny stocks might be what your portfolio needs to soar to new heights.
This post originally appeared at InvestorPlace.