Don't Waste Your Money on Penny Stocks, These 3 Stocks Are Better Buys

The idea of investing a few dollars and seeing them grow into a fortune is simply too tempting to resist. And that is precisely the reason why most novice investors fall for penny stocks. But barring some exceedingly rare exceptions, investments in penny stocks almost always lead to losses in the long term. So, if you're feeling lucky, here are three stocks that are far better bets than most of the penny stocks out there. These stocks will provide you much better returns at relatively lower risks.

For more than two decades, Sirius XM Holdings (NASDAQ: SIRI) and its predecessors have been entertaining a dedicated and growing base of listeners. The company has come a long way from the cash crunch it faced in 2009, growing its customer base, revenue, and operational cash impressively over years. Sirius XM's subscriber growth over the years shows that the monopolist satellite radio operator has been able to keep itself relevant even during the era of streaming and on-demand services.

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Source Fool.com