Anonymous wrote:Visa is trading at 25 times earnings, way higher than its peer group. It's an overpriced stock by that measure and will revert to mean - downward.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:What was your purchase price? The market is really bad right now so a lot of stocks aren't doing well. You're just going to have to wait for it to come back or sell at a loss. V should have good long term gains. If market fluctuations cause you emotional distress, then you may want to rethink how you invest and live with lower returns.
I bought at 65 a while back. I made mistakes with mastercard and sold it too early right after it went IPO.
I am trying to hold on but I feel like I am losing out by not buying / selling.
Hmmm. I won't claim to be an expert, but I made quite a bit of money swing trading V last year. However, I have time to watch the market almost everyday and don't use a trader. Just Tradeking since the fees are low.
I also meant to mention that it's awesome that you got in at 65. Sounds like you don't have too much to worry about
Anonymous wrote:Anonymous wrote:Anonymous wrote:What was your purchase price? The market is really bad right now so a lot of stocks aren't doing well. You're just going to have to wait for it to come back or sell at a loss. V should have good long term gains. If market fluctuations cause you emotional distress, then you may want to rethink how you invest and live with lower returns.
I bought at 65 a while back. I made mistakes with mastercard and sold it too early right after it went IPO.
I am trying to hold on but I feel like I am losing out by not buying / selling.
Hmmm. I won't claim to be an expert, but I made quite a bit of money swing trading V last year. However, I have time to watch the market almost everyday and don't use a trader. Just Tradeking since the fees are low.
Anonymous wrote:If you're worried about your stock over a one month period, you aren't cut out for owning individual stocks. V, along with the rest of the market has had a pretty spectacular run over the past few years. This market hasn't pulled back significantly since 2011. Big gains are typically offset by corrections, you just have to ride the wave. If you believed the stock was a buy a month ago, or had more room to run, then nothing should have changed your opinion today.
However, not sure how you think V is shielded by economic conditions considering they make money the more people use their credit/debit cards. Less spending means less swipes.
Ironically, I was thinking of buying V at something below 200.
Anonymous wrote:Anonymous wrote:What was your purchase price? The market is really bad right now so a lot of stocks aren't doing well. You're just going to have to wait for it to come back or sell at a loss. V should have good long term gains. If market fluctuations cause you emotional distress, then you may want to rethink how you invest and live with lower returns.
I bought at 65 a while back. I made mistakes with mastercard and sold it too early right after it went IPO.
I am trying to hold on but I feel like I am losing out by not buying / selling.
Anonymous wrote:What was your purchase price? The market is really bad right now so a lot of stocks aren't doing well. You're just going to have to wait for it to come back or sell at a loss. V should have good long term gains. If market fluctuations cause you emotional distress, then you may want to rethink how you invest and live with lower returns.
Anonymous wrote:Anonymous wrote:The other things that happened include:
-- Putin invaded Ukraine.
-- Huge run-up (profit taking)
-- Mixed earnings in the banking sector
-- Overvalued tech sector
-- Tapering
-- Volatility is self-feeding
-- Yeah, quant triggers are being hit
-- Economic conditions in BRICs are worsening. Manufacturing slowdown. They have been the engines of growth for the last 5 years.
Do traders typically just sell everything regardless if they are affected? I purchased the stock because it's business model is shielded from the above conditions.
Anonymous wrote:The other things that happened include:
-- Putin invaded Ukraine.
-- Huge run-up (profit taking)
-- Mixed earnings in the banking sector
-- Overvalued tech sector
-- Tapering
-- Volatility is self-feeding
-- Yeah, quant triggers are being hit
-- Economic conditions in BRICs are worsening. Manufacturing slowdown. They have been the engines of growth for the last 5 years.