Investment Review day 33 of 50: MercadoLibre $MELI
MercadoLibre is an e-commerce titan that has successfully navigated the Latin American digital landscape for over two decades. Prudent financial decisions taken by leadership make it one of the only free cash flow positive, scaled e-commerce companies in the world.
I bought stock in 2019 and dollar cost averaged into my position in 2020, recording the following rationale, ‘Happy with the business. Keen to diversify portfolio out of North American tech a little more so adding to make this a 4% position’.
I was nearly underwater in 2021 when the valuation pulled back, but the stock has been on a charge over the last two years, and I DCA’d again a year ago. MercadoLibre is a core holding for me and my aggregate position is up 84%, I’m very happy to keep this exposure to Latin America for the long-term.
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I’m putting my holdings under the microscope. Over the next 50 days I’ll break down my whole investment portfolio. Wins, losses, and the ‘why’ behind it all. And on day 50 I’m going to share my full portfolio so you can see how my strategies played out in the real world over the last twenty years and what we can all learn together. Follow along for the journey! #StockAnalysis #50daychallenge #ecommerce #latinamerica #brazil #argentina #mexico #mercadopago
