Wealth for the Long Term: Two Stocks with Potential for Generations

In the world of investments, many investors seldom think in terms of "intergenerational wealth." This is understandable, as one would like to live long enough to enjoy the fruits of their savings and investments. Nevertheless, there are investors who want to create a legacy that will also benefit future generations. Selecting suitable stocks is not easy, especially considering that once leading brands like Sears and Kodak have almost disappeared from the market. However, two companies stand out with the potential not only to endure over time but also to provide the necessary growth impetus to accumulate wealth for future generations. Realty Income, a proven real estate investment trust (REIT), owns an impressive 15,500 retail properties in seven countries. With well-known tenants like Walmart, Dollar General, and Planet Fitness, Realty Income offers a stable cash flow. Particularly attractive is the monthly dividend payment, which has increased annually since 1994, yielding an impressive 5.1%. Another gem is MercadoLibre, a company that has consistently grown despite political turmoil and inflation in Latin America. With innovative services like Mercado Pago and Mercado Envios, it has created an infrastructure that even a giant like Amazon would find hard to beat. Their revenues for the first half of 2024 rose by 42%, highlighting the immense growth potential. While investing in Realty Income and MercadoLibre certainly requires careful consideration, these stocks are candidates that should not be overlooked by investors interested in building intergenerational wealth.