Got $1,000? Here Are 2 Stocks to Buy That Could Triple That Amount
A triple on a stock is quite the return. On average, the S&P 500 returns about 10.5% annually. At that rate, the S&P 500 would triple in 11 years from today's price. However, I wouldn't be surprised if these two stocks could triple in half that time. Shopify (NYSE: SHOP) and MercadoLibre (NASDAQ: MELI) are two e-commerce powerhouses, each serving a different niche.
Both are well off their all-time highs and have fantastic growth prospects. Here's why you might consider adding these two to your watchlist.
Launching an e-commerce site is an ambitious task. There's the website design, payment processing, inventory management, and general upkeep of running the website. That's where Shopify comes in. With its software, businesses of all sizes can utilize Shopify to run an e-commerce website for a relatively low monthly subscription fee and a slice of each transaction.
Source Fool.com
