MELI - Got $5000? These Are 2 of the Best Growth Stocks to Buy Right Now.
2024-01-01 07:30:00 ET
For many people, investing $5,000 in a single stock is a big decision that shouldn't be taken lightly. Depending on one's personal finances, a $5,000 investment could represent a significant percentage of one's net worth.
If a single stock is going to be a meaningful percentage of a person's net worth, it's crucial for the investment to have a high chance of long-term positive returns. And that's a big problem for investors looking to buy growth stocks : Many represent unproven businesses and could indeed lose money for their shareholders.
As an alternative, let's look at two young companies that are already producing solid results: Latin American e-commerce powerhouse MercadoLibre (NASDAQ: MELI) and image-sharing platform Pinterest (NYSE: PINS) . I believe the chances for long-term positive returns are stronger for these two businesses than for many other growth stocks. Here's why.
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Got $5,000? These Are 2 of the Best Growth Stocks to Buy Right Now.