15.12.2024 10:50:00
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This E-Commerce Stock Could Be the Best Investment of the Decade
Several of the world's leading e-commerce stocks minted a lot of millionaires over the past few decades. For example, a $30,000 investment in Amazon's IPO in 1997 would have blossomed to a whopping $92 million today. That same investment in Shopify's IPO in 2015 would have grown to about $1.3 million.Amazon and Shopify are still both solid long-term plays on the secular growth of the e-commerce market, but it could be tough to replicate those massive gains over the next decade. So if you're looking for another potential multibagger in the crowded e-commerce sector, you should check out MercadoLibre (NASDAQ: MELI), the growing market leader in Latin America.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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