The Smartest Growth Stock to Buy With $500 Right Now

One of the market's fastest-growing growth stocks has very little name recognition. There's a good chance this will be the first time you'll have heard of this business. Yet it could soon be worth hundreds of billions of dollars. If you need any more convincing, know that shares happen to be owned by one of the most famous investors of all time.In decades past, the Latin American banking market was behind the times. The industry, controlled by a handful of powerful incumbents, charged the 650 million people in Latin America high fees for simple services. But because these banks had the resources to run thousands of physical branches, they were able to keep a stranglehold on consumers.But then Nu Holdings (NYSE: NU) came along in 2013. At the time, only a few banks dominated 90% of Brazil's banking sector. A little over a decade later, more than half of all Brazilian adults have become Nu customers. Taking over a market this quickly with such dominance is a rare event. How exactly did Nu accomplish this feat? Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool