In this video, I'll be talking about the Latin American stock MercadoLibre (NASDAQ: MELI) and why I believe this is a must-have in your long-term portfolio. The $85 billion Latin American e-commerce opportunity has only penetrated at 6% of retail, compared to 18% globally. Brazil has less than 1% penetration in relation to worldwide retail e-commerce, and yet according to eMarketer, it made the list of "Top 10 Countries Ranked by Retail E-commerce Sales."
The Zacks Rank offers investors a way to easily find top-rated stocks and build a winning investment portfolio. Here's why you should take advantage.
The best way to build lasting wealth isn't a secret: It's all about buying and holding high-quality stocks. But exactly how long should you hold those stocks? Well, legendary value investor Warren Buffett once said his favorite holding period is forever, and those words are some of the best advice I've ever received.