Got $5,000? These Are 2 of the Best Growth Stocks to Buy Right Now.
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 (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.
Source Fool.com
Mercadolibre Inc Stock
With 30 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
At the moment Mercadolibre Inc has reached the predicted target price of 1850 €, with a current price of 1832.0 €.
