Where Will the 10-Baggers Be in 2018?
What a year. Brexit, Trump, North Korea, bitcoin.
I can’t remember a year so full of political and technological change. For stocks though, 2017 was pretty average.
The ASX 200 is currently up a little over 7%. The top performers included a2 Milk Co. [ASX:A2M] and Lynas Corp Ltd [ASX:LYC] among others.
2017 investment opportunities
But even though the market only crept up 7%, there were investment opportunities to make more than 10-times your money in 2017. For example, you could’ve bought Big Un Ltd [ASX:BIG] at the start of the year.
Big Un uses software to make promotional videos for restaurants, salons and other small businesses. As reported by Bloomberg:
‘It’s hard to pinpoint what changed Big Un’s fortunes, but it’s been raising sales projections regularly. This month brought another revision, with the company forecasting revenue of at least A$22 million in the three months through Dec. 31, a 10 percent increase from expectations in November.’
GetSwift Ltd [ASX:GSW] was another tiny stock that rocketed more than 1,000% this year. On 1 December, the software logistics business signed a global agreement with Amazon.com, Inc. [NASDAQ:AMZN]. According to the Australian Financial Review:
‘…two of GetSwift’s largest institutional investors, IFM Investors and Regal Funds Management, say they expect the company’s valuation and revenues will continue to improve.’
MyFiziq Ltd [ASX:MYQ] took the top spot, rising more than 2,000% this year. That’s more than you would have made buying bitcoin at the start of this year.
MyFiziq is an app which creates a 3D representation of users. According to the company, such a service would be highly beneficial for health and fitness, insurance and medical businesses.
On the MyFiziq company website they state:
‘Body measurements provide more useful information about shape changes than simply measuring weight or BMI. MyFiziq simplifies the collection of these measurements, and removes the margin of human error present in traditional tape measure methods.’
Where will the 10-baggers be in 2018?
While it’s nice to check out how much you could have made in 2017, it’s far more interesting to speculate on 2018.
Where will the 10-baggers be? How can you potentially double and triple your money in months instead of years?
Like in 2017, the highest returns for 2018 will likely be found in the smaller end of town. To help you get started on your hunt for 10-baggers, check out these three small-cap stocks trading on the ASX.
All three have huge potential to rocket up in a matter of months.
Junior Analyst, Money Morning