If You Invested $1000 In This Stock 15 Years Ago, You Would Have $110 Thousand Today

MercadoLibre MELI has outperformed the market over the past 15 years by 26.54% on an annualized basis producing an average annual return of 37.39%. Currently, MercadoLibre has a market capitalization of $68.31 billion.

Buying $1000 In MELI: If an investor had bought $1000 of MELI stock 15 years ago, it would be worth $112,239.51 today based on a price of $1363.71 for MELI at the time of writing.

MercadoLibre's Performance Over Last 15 Years

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga's automated content engine and reviewed by an editor.