Are there stocks available now that are priced low that could increase the same amount?
In: Economics
Trying to buy penny stocks is usually the way many people think they are gonna be rich.
For most people it works better by buying decent stocks with potential to grow.
Apple was not a penny stock.
Neither of those were ever quite penny stocks. By the time they went public they had enough hype that there was some inherent value in the initial public offering. Nvidia was about $20 a share. Obviously you would’ve made a fortune if you bought in them because it’s worth like 800 now but it was never technically a penny stock.
So if you’re asking if there are $20 stocks out there that will be worth 800 in 25 years, the answer is yes. There almost certainly are. The challenge is figuring out which stocks out of the thousands of publicly traded companies will take off. This is basically what the job of an investor is. Most stocks will never take off like that. You need a stock with a relatively high downside since it will have to be a relatively untested business plan to have to potential for exponential growth. This means most of the stocks you get will tank.
You could buy 100 different $20 stocks and none of them every take off like that, at which point you should’ve spent your money elsewhere.
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