Forget Penny Stocks, Your Money Is Better Off in These 3 Companies
People buy penny stocks because they think they'll make them rich, but penny-stock investing is often a fast track to the poorhouse, not to financial security. Because penny stocks can drop as quickly as they climb, a better investment approach could be buying proven companies that are already disrupting big and growing markets. What stocks fit that criteria? According to top Motley Fool contributors, Priceline (NASDAQ: PCLN), Celgene Corp. (NASDAQ: CELG), and Shopify, Inc. (NYSE: SHOP) deserve consideration.
Brian Feroldi (The Priceline Group): I was drawn to penny stocks when I first started investing, so I understand their allure. However, as time passed, I learned that it doesn't matter how many shares of a stock that I owned. Instead, it mattered how much capital I invested in any given company. That's why, nowadays, I have no problem investing in "high-priced" stocks.
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Source: Fool.com