The best way to build lasting wealth isn't a secret: It's all about buying and holding high-quality stocks. But exactly how long should you hold those stocks? Well, legendary value investor Warren Buffett once said his favorite holding period is forever, and those words are some of the best advice I've ever received.
For the most part, my portfolio is filled with slow-and-steady stocks like real estate investment trusts, banks, and large blue-chip companies. This is how I came to own shares of Square (NYSE: SQ) for an $11 price tag just after its IPO (currently around $250), to name one example. With that in mind, I've recently added a few exciting growth stocks to my portfolio, and here are three in particular that could have the potential to produce massive returns over the next decade and beyond if things go well.
MercadoLibre (MELI) closed at $1,856.34 in the latest trading session, marking a +0.2% move from the prior day.