I recall you mentioned the Latin American equivalent of Amazon based in Buenos Aires has huge potential for growth in long term some time back...I see it is a dip now so maybe it is both a good long term share and time to buy in. We can use Stash.
Your comments.
Yes it’s down 15% year to date, along with other Internet high flyers like PayPal. I’m still doubled from my entry point, but it was more than a triple at one point.
It seems to have little to do with the business which is still growing at 25%. But of course the valuations, the PEs are still stratospheric and you have to believe the growth will continue for many years.
I also like their payment system MercadoPago which is like Amazon Pay and growing at 40%.
So yep I think this is a good entry point, but it’s a volatile stock….you should only buy it as a small component of a diversified portfolio.
Thanks...sound advice...I'm more than happy to go with $ 500 to $ 1000 per month over 12 months and keep for 3-5 years...a stock that beats S&P 500 by 111% is a good calculated risk. Argentina as well as Brazil and Mexico (developing) have potential in this type of business endeavours as Amazon did in USA.