MercadoLibre (NASDAQ: MELI) and Facebook (NASDAQ: FB) are both high-growth tech companies that dominate their respective markets. MercadoLibre is the largest e-commerce company in Latin America. Facebook's namesake platform is the world's largest social network, and the company also owns Instagram and WhatsApp.
In the latest trading session, MercadoLibre (MELI) closed at $1,591.88, marking a -0.48% move from the previous day.
Last week, we introduced Fools around the world to the first five investments we purchased for this special real-money portfolio. A well-diversified stock portfolio should contain at least a few dozen individual stock positions. Ensure that no single stock accounts for more than 15% to 20% of your total portfolio.