This Growth Stock Has Market-Beating Potential
A great way to build wealth is to buy and hold growth stocks for the long term. It's a wonderful feeling to watch your portfolio increase in value over the years and decades while you simply buy right and sit tight. With this strategy, the only thing an investor has to do is prospectively identify strong companies, buy shares at a reasonable price, and have the discipline to be patient.
One such growth stock with market-beating potential is Spotify (NYSE: SPOT). It operates in a fast-growing industry, has numerous ancillary businesses that could help accelerate its growth, and trades at a reasonable valuation.
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Source Fool.com
