3 Penny Stocks That Won’t Be Penny Stocks Much Longer

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. As the markets inch closer to the new year, there are hopes of multiple rate cuts globally. Besides supporting economic growth, lower interest rates are also positive for asset markets. I expect the S&P 500 index to remain in an uptrend next year. Further, if the overall…