Anyone Invest In Visa?

Anyone Invest In the Visa IPO?

I got in a few weeks ago, though not much ($3000). I am hoping to raise enough profit to offset the month and a half my wife will take off shortly to take care of our new baby.

I figure they're recession proof, and MasterCard stock value quadrupled in the past couple years.

So far it's gone well. 10% gain in a matter of weeks. It will be interesting to see what happens at their quarterly report on Monday.​

 

Ouch! I guess that's the good thing about not having a lot of money is that you have less to lose!

Out of curiosity, were you invested in banks before they crashed, or did you buy recently, but misjudge "the bottom"?

Looks like Visa jumped another 4% today! That's a 13% gain in three weeks! Not too shabby. I'm nervous for quarterly results Monday, though.

 

See, I'm not into day trading or anything (yet), but I like to at least adjust with the market. For example, if I owned any REIT funds a few years ago, I would have sold them and put the money into more conservative investments.

That's not to say I'd never invest in a REIT fund again, it's just that the timing has to be right.

My wife and I cashed in our Roth IRA's (in a way that didn't incur a tax penalty) to put a down payment on a house at a time when the real estate market was sinking, and we figured the stock market was going to follow. Since then, our home price has actually appreciated a little (according to Zillow anyway), while we prevented a 10-25% decline in our investments because of the volatile stock market.

 

I concur (most of our money is in a diversified 401k or savings), though my portfolio is actually down for the year and Visa is up another .8 percent in after hours trading.

I have a friend who bets the farm on a single stock and it has apparently worked quite well for him! He invested in Crocs last year and saw his portfolio nearly double during that time. Luckily he got out before the stock lost 50% value in one day.

That would terrify me having all my eggs in one basket, though. I imagine he has a good bit of change in there, too, as he gets paid pretty well at Microsoft.

 

How did you like Monday? It was down 6% in after hours trading for awhile and I was thinking "this is silly, I'll buy more". Unfortunately too many other people had the same idea because it made up that ground early in the morning, then shot up another 7% by the end of the day on good Mastercard earnings!

What a crazy stock! I'm up 22% in about three weeks!

I'm a little spooked right now, though, because it can't possibly hold this pace.

 

Okay, so it's up another 2.5% today and up .3% after hours. This is just nuts!

I'm up to a 26% gain in less than a month!

I'm getting a little skittish, though. I'm sure Visa is a big winner in the long run, but this pace can't continue. There's got to be a levelling or selloff in the short-term future. I'm almost inclined to sell part of my stake, perhaps before Fridays's job report, then either profit-take in the case of an upswing, or buy more shares on a possible dip.