If You Invested $1000 In This Stock 15 Years Ago, You Would Have $31,000 Today

MercadoLibre MELI has outperformed the market over the past 15 years by 18.16% on an annualized basis producing an average annual return of 25.81%. Currently, MercadoLibre has a market capitalization of $68.28 billion.

Buying $1000 In MELI: If an investor had bought $1000 of MELI stock 15 years ago, it would be worth $31,299.77 today based on a price of $1359.97 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.