Why I'm Not Selling MercadoLibre After a 100% Gain
The Latin American e-commerce and fintech leader is still a great long-term investment.
I started to invest in MercadoLibre (NASDAQ: MELI), Latin America's largest e-commerce company, back in March 2021. I continued to accumulate more shares throughout 2021 and 2022, and that position now accounts for nearly 8% of my portfolio.
With an average purchase price of $1,253 per share, I'm sitting on an unrealized gain of about 106% as of this writing. However, I don't plan to trim or sell this top holding for three simple reasons.
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