Patience can be your golden ticket to a return of over 1,200% from these innovative companies.

There’s no sugarcoating that it’s been an abysmal year on Wall Street. Since hitting their respective all-time closing highs between mid-November and the first week of January, the timeless Dow Jones Industrial Average , broad-based S&P 500 , and tech-dependent Nasdaq Composite have gone on to lose as much as 19%, 24%, and 34% of their value. For the S&P 500, it was the index’s worst first-half performance since Richard Nixon was president.

While declines of this magnitude can be scary and test investors’ willingness to stick around, history has shown that there are few better buying opportunities than during a bear market . That’s because all notable declines in the major indexes are eventually wiped away by a bull market. Image source: Getty Images. The current bear market could very well be your golden ticket to becoming a millionaire. If you have $75,000 to invest, and don’t plan on using this money to cover emergencies or pay bills, putting it to work in the following four phenomenal growth stocks can make you a millionaire over the next 20 years. Pinterest

The first stellar growth stock that has the potential to more than 13X your initial investment over the coming two decades is social media company Pinterest ( PINS -2.95%). Despite near-term concerns about ad spending, Pinterest’s operating model has clear-cut competitive advantages that should allow the company to thrive for a long time to come.

To begin with, Pinterest hasn’t had any issues monetizing its base of monthly active users (MAUs). Even with year-over-year MAUs declining by 21 million to 433 million in the June-ended quarter, Pinterest reported a 17% increase in global average revenue per user . What this clearly demonstrates is that advertisers are willing to pay a premium to get their messages in front of Pinterest’s users.

To add to that, a wider-lens examination of Pinterest’s MAU count shows a pretty steady incline. Although user growth catapulted during the initial stages of the pandemic and has retracted as vaccination rates ticked up and people returned to some semblance of normal, the MAU trend is still pointing higher over the past five years.

Something else to note about Pinterest is that users willingly offer up the things, places, and services that interest them via their personalized pinned boards. In an era where app developers are cracking down on data-tracking software, Pinterest will be able to serve critical data to merchants on a silver platter , thereby allowing them to target users. In other words, it’s a potential e-commerce giant in the making. PubMatic

A second phenomenal growth stock that can turn $75,000 into a cool $1 million over 20 years is cloud-based programmatic adtech stock PubMatic ( PUBM -0.79%). Once again, even though ad spending is challenged in the short term, innovative companies like PubMatic are perfectly positioned to succeed over the long run.

PubMatic is a sell-side platform (SSP), which simply means that it aids publishing companies in selling their digital display space. Over time, consolidation among SSPs has left few choices, which is funneling new business to PubMatic on a fairly regular basis.

What’s more, we’re witnessing a clear shift in ad spending from print formats to digital channels, such as mobile, video, and over-the-top programmatic ads. Digital ad spending is expected to grow by 14% annually through the midpoint of the decade. Meanwhile, PubMatic has been delivering organic annual growth rates from around 20% at the low end to more than 50% on the high end.

As I recently pointed out, PubMatic’s greatest attribute is its internally developed cloud infrastructure . Not having to rely on third-party platforms for its programmatic ad services means the company will generate juicier operating margins than many of its peers as its revenue increases. Sustainable double-digit growth is a very real expectation. Image source: Getty Images. PayPal Holdings

The third extraordinary growth stock capable of making you a millionaire and delivering a roughly 1,233% return over the next 20 years is fintech stock PayPal Holdings ( PYPL -1.65%). Even with inflation taking a toll on the lowest-earning decile of users, PayPal is in great shape to benefit from growth in digital payments.

One of the more eyebrow-raising statistics that demonstrate how powerful PayPal has become can be seen in its latest quarterly operating results. Even with the U.S. gross domestic product (GDP) falling in back-to-back quarters, and the stock market plunging in 2022, PayPal has sustained double-digit total payment […]

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