If, like many fellow Australians, you're up for a punt, then it may be worth considering speculating on the sharemarket. There are plenty of speculative stocks, sometimes called penny stocks, for you to choose from. But, of course, choosing the right ones is quite tricky because there is not a lot of independent research into smaller companies listed on the ASX.
Indeed, many of today's blue-chip shares (stocks that are well known, high quality and often market leaders in their industry) started life as micro-cap stocks. For example, (ASX: ALU) was a penny stock less than a decade ago and now has a market capitalisation of $4.9 billion, points out The Motley Fool (), provider of investment guidance, both free
