Prediction: Buying MercadoLibre Today Could Set You Up for Life

It's been a roller coaster of a year so far for the stock market. After starting off strong and then plunging with the announcement of new tariffs, it's swinging back up nearly 7% year to date.In the short term, investing in the stock market could be volatile. If you'd invested $1,000 in the S&P 500 at the start of the year, it would have gone as low as about $860 in April, but today it would be worth about $1,075. In the long term, investing in the stock market could lead to fabulous wealth.Having a diversified portfolio is an essential part of building wealth over time, and filling it with excellent stocks could help you beat the market. Although you shouldn't rely on just one stock, even a single stock in your portfolio that outperforms could set you up for life. MercadoLibre (NASDAQ: MELI) is one stock that has that potential.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool