In the world of investing OTC stocks (over the counter) are often overlooked in favor of big-ticket names. But a few hidden gems in the market provide a lot of value.
The coronavirus pandemic brought a lot of uncertainty this year and investors are now looking for ways to safeguard their portfolios from an imminent recession. For many, the answer lies in OTC stocks that come with a smaller price tag but offer just as much growth potential.
OTC stocks are often too small to meet the requirements to be listed on a public stock exchange. These stocks are sold to traders in-person or over the phone. However, OTC investments are still governed by FINRA (Financial Industry Regulatory Authority) so there is no denying the credibility of these stocks. A recent report published by Technavio predicts that the OTC market is will grow by $5.85 billion by 2024.
If you’re on the fence about investing in OTC stocks, 2020 may be the year to take the leap. Here are seven stocks that I recommend buying:
Green Thumb Industries (OTCMKTS:GTBIF)