3 Penny Stocks That Can Deliver 10x Returns

| April 15, 2023

Penny stock investing peaked in 2021 and was a massive wealth creator for high-risk takers. Given the macroeconomic scenario, investors are inclined to remain overweight on blue-chip stocks and quality growth stocks. I, however, believe that some exposure to penny stocks is healthy.

Even a 15% to 20% portfolio exposure to penny stocks can be a potential game-changer. The key is to buy at attractive levels and holds with patience.

Investors generally prefer a quick trade in penny stocks over long-term investing. However, fundamentally strong stories are worth holding for the next few years. If these stories play out well, multibagger returns are on the offering.

Let’s discuss three penny stocks to buy with 10x return potential in the next three years.

This post originally appeared at InvestorPlace.

Category: Penny Stocks to Watch

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The author of this article is a contributor to InvestorPlace.com.