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Want To Become a Millionaire? Put $200,000 Into These 2 Stocks and Hold Until 2030
Nov 28, 2021 | The Motley Fool
Picture - Want To Become a Millionaire? Put $200,000 Into These 2 Stocks and Hold Until 2030

Over the past decade, shares of the SPDR S&P 500 ETF(NYSEMKT:SPY) have jumped over 300%. This has been one of the best runs for the history of the S&P, but these two stocks could outperform this stellar performance.

Both MercadoLibre(NASDAQ:MELI) and Upstart(NASDAQ:UPST) have been amazing companies to own since they came public, but the growth runway for both companies is still huge. Each company could produce 5-fold returns if you put $100,000 in each company today and wait a decade. Here's why. 

MercadoLibre grew to become $65 billion in size because of its successful e-commerce operations, but the company has massively expanded its optionality and its revenue streams. Now the company makes money in its dominance in logistics and payment markets across 16 countries in Latin America. 

The company is seeing broad adoption from its newer services, and some of its new services are even growing faster than its primary segment -- its e-commerce business. Its logistics arm -- Mercado Envios -- shipped over 247 million items in Q3, and 86% of the company's e-commerce shipments were shipped with Envios. 37% of all fulfillment in MercadoLibre's areas of operation go through Envios, which flexes its broad adoption across the region.

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