MELI - This Stock Turned $1000 Into $20000 in 10 Years and It's Just Getting Started
2024-05-29 05:00:00 ET
How would you like to see a $1,000 investment gain almost 2,000% in 10 years? Investors dream about these kinds of returns. If you can identify stocks with incredible potential and diversify your holdings, you could very well end up owning a stock that delivers such gains.
MercadoLibre (NASDAQ: MELI) stock is one such example. If you'd invested $1,000 in MercadoLibre stock 10 years ago, you'd have just over $20,000 today. But we're not here to talk about the past. Let's see if this stock can reward investors the same way going forward.
MercadoLibre was relatively unknown 10 years ago, especially in the U.S., given its focus on Latin America. It required a leap of faith and came with plenty of risk, but there was a compelling bull case for the company as a younger Amazon with an e-commerce business in an untapped market.
For further details see:
This Stock Turned $1,000 Into $20,000 in 10 Years, and It's Just Getting Started