20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
MercadoLibre (NASDAQ:MELI) has outperformed the market over the past 15 years by 19.34% on an annualized basis producing an average annual return of 27.9%. Currently, MercadoLibre has a market capitalization of $69.48 billion.
Buying $100 In MELI: If an investor had bought $100 of MELI stock 15 years ago, it would be worth $4,007.69 today based on a price of $1387.06 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.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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