If You Invested $100 In This Stock 15 Years Ago, You Would Have $2,400 Today

MercadoLibre MELI has outperformed the market over the past 15 years by 17.21% on an annualized basis producing an average annual return of 23.47%. Currently, MercadoLibre has a market capitalization of $33.93 billion.

Buying $100 In MELI: If an investor had bought $100 of MELI stock 15 years ago, it would be worth $2,363.51 today based on a price of $673.60 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.