Want to Get Richer? 2 Top Stocks to Buy Now and Hold Forever

Buying shares of growing companies and holding them for many years is one of the simplest paths to growing your wealth. If, for example, you invest $1,000 a month in a portfolio of stocks that grows at an annualized rate of 15% for 30 years, at the end of that time, it will be worth $6.9 million. The earlier you start investing, the longer the power of compound growth has to act on your assets, and the more you'll have later.

Two companies that can deliver returns like that are the fast-growing e-commerce and digital payments leader MercadoLibre (NASDAQ: MELI) and Chinese tech giant Tencent Holdings (OTC: TCEHY). Here's why these growth stocks are great buys right now.

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Source Fool.com