Forget Penny Stocks, 3 Better Stocks to Buy in September
Penny stocks attract many investors who believe their potential returns are amplified by low starting prices and the relative obscurity of the business in question. It's a seductive idea to believe you have a better shot at doubling your money from an unknown stock that's valued at less than $1 per share than, say, getting a 71% return from holding Apple along with most of the rest of the market.
But the fact that one of the world's most valuable and best-known companies can generate market-thumping gains in 2020 is yet more evidence that you don't need to shop in the penny stock bin to find good investment returns. So let's look at a few other large, successful businesses that look like better bets in September.
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Source Fool.com