Practical Investment Analysis for the New Energy EconomyTHIS Penny Stock Could Double in 2025What are penny stocks and are they worth investing in?
They are absolutely worth investing in. And if you’re unfamiliar, penny stocks are typically stocks that trade for less than $5.00 a share. Personally, I love penny stocks as those are the stocks that have made me the most money in my 20+ year career. Perhaps the most profitable penny stock I ever recommended was Canopy Growth Corporation (TSX: WEED). This was a $1.60 cannabis stock that delivered gains in excess of 3,000%. Those who took my advice and bought the stock made an absolute fortune. A one-time investment of $20,000 was worth more than a half million dollars by the time I told folks to sell. So as you can imagine, I’m not opposed to investing in penny stocks at all. What are Penny Stocks and are they worth investing in? You better believe it! Penny stocks often get a bad rap. Mostly because a lot of people have lost a lot of money by investing in penny stocks that weren’t properly vetted. But if your due diligence is sound, penny stocks can make you insanely wealthy. Consider Monster Beverage Corporation (NASDAQ: MNST). The energy drink company that was trading for $0.45 in 2005. Earlier this year, the stock hit $61 a share. That’s a gain of 13,455%. A one-time investment of just $10,000 is now worth more than $1.3 million. Other penny stocks that have made everyday investors incredibly rich include:
Of course, not all penny stocks work out this way. Most don’t, actually. But this should not dissuade you from investing in penny stocks. In fact, I’m incredibly bullish right now on a penny stock called Silvercorp Metals (NYSE: SVM). I told you about this stock last week, actually. Microsoft Goes Nuclear Microsoft is building its own nuclear power plants to power its AI ambitions. And for investors, this is a massive opportunity. Because one little-known company will deliver the nuclear fuel for these reactors. And it's set to rake in BILLIONS as a result. Most people have no idea this company even exists. That’s why shares are still cheap. Here’s a snippet from that article...
Of course, I don’t expect SVM to deliver quadruple-digit gains. It’s just not that kind of stock. But based on where it’s trading now, I see no reason why it can’t at least double inside of 2 years. Another stock that I believe will double within 2 years is this cryptocurrency stock. Also known as the Bitcoin Loophole Strategy stock, this is actually one of the easiest, safest and most profitable ways to play the crypto market. Because this stock doesn’t involve buying Bitcoin, but instead, directly profiting from the company behind bitcoin transactions. Worth noting, this too was once a penny stock. Less than five years ago, it was trading for $2.00 a share. Today, it trades for around $20 bucks a share. And it’s still undervalued by more than 162%. Although it’s no longer a penny stock, this thing still has a lot of steam left, and we are definitely buyers at these levels. I would recommend you buy some for yourself, too. Particularly now, as cryptocurrency prices continue to soar. To a new way of life and a new generation of wealth... Jeff Siegel Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor's page. Want to hear more from Jeff? Sign up to receive emails directly from him ranging from market commentaries to opportunities that he has his eye on. |
Friday, December 27, 2024
THIS Penny Stock Could Double in 2025
Subscribe to:
Post Comments (Atom)
-
insidecroydon posted: " Become a Patron! What's on inside Croydon: Click here for the latest events listing...
No comments:
Post a Comment