Anders Bylund, The Motley Fool Published 7:00 a.m. ET Oct. 16, 2020
Here are three exciting growth stocks with large market caps and serious long-term business plans.
Penny stocks can be exciting, but they’re also incredibly risky. A handful of small companies with stocks priced below $5 per share will hit the jackpot and skyrocket, but most of these lottery tickets are busts. Even when you do find a winning ticket, the gains are often short-lived, and the big wins on paper disappear in a hurry when you don’t sell near the absolute peak. Market timing is a nearly impossible game, so penny-stock speculation is closer to gambling than to investing.
Yet there’s no need to worry. It’s