Generally, the higher the risk, the more the expected profits. Investing in new altcoins is such a huge risk, that is why they also give bigger profits. Altcoins have made many people rich, the list of which is very long. The bulk of the job is choosing the altcoin to buy into at the early stage that will not turn into garbage because there are so many failed altcoins. Using key indicators like the team, the product behind the coin and marketing as well as the community will actually reveal so much information relating to the prospect and future of the coin. You are very right then that research is needed before investing.