02-06-2023, 07:33 AM
Bought some Wise (London Stock Exchange)
Why? Simply put: I've been a customer for 5 or so years now, and it is BY FAR the best bank I have ever run into on the whole European continent. Great business model too. (100% online banking, focusing on international payments around the globe). No dividend yet but I think it's coming sometime in the not-too-distant future as the company is already profitable and cash flow positive and has managed to grow revenues/earnings/cash flows steadily.
It's still super expensive, as all growth companies tend to be, but I think long-term this will be a great addition.
Why? Simply put: I've been a customer for 5 or so years now, and it is BY FAR the best bank I have ever run into on the whole European continent. Great business model too. (100% online banking, focusing on international payments around the globe). No dividend yet but I think it's coming sometime in the not-too-distant future as the company is already profitable and cash flow positive and has managed to grow revenues/earnings/cash flows steadily.
It's still super expensive, as all growth companies tend to be, but I think long-term this will be a great addition.