The Ultimate Buy-and-Hold Stock for the Next 20 Years
MercadoLibre has proven adept at turning regional adversity in Latin America into opportunity.
Overview
Picking a stock to buy and hold for 20 years is a risky proposition, no matter how conservative the stock. A lot can happen in that time, and what may look like an impenetrable competitive advantage in one decade could disappear by the next.
That said, MercadoLibre (NASDAQ: MELI) may just be a stock worth putting in your long-haul buy-and-hold portfolio. Its diverse digital businesses, which thrive on synergies, should make the consumer discretionary stock a winner for at least 20 years.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.