05-23-2015, 12:02 PM
Started a small position in MA this week, to match my existing small position in V. I knowingly bought a highly valued, low yielding stock at an all time high, having pretty much accepted the fact that I can't time the market.
I strive to keep the number of stocks in my portfolio from ballooning past 40 or so, and so up until this time I wanted to only hold one credit card processor. I picked Visa because it's the larger company, and because it was fun to buy local (I sometimes drink Starbucks next door to Visa HQ, staring up at their logo). However, MA has better international exposure, and is probably one of the best positioned companies to profit from world economic growth as well as the move toward cashless payments, and I could not ignore it. MA and V together make up 3% of my portfolio, and will serve as a combined core position. Here's hoping they spontaneously correct and I can pick up more of both.
I strive to keep the number of stocks in my portfolio from ballooning past 40 or so, and so up until this time I wanted to only hold one credit card processor. I picked Visa because it's the larger company, and because it was fun to buy local (I sometimes drink Starbucks next door to Visa HQ, staring up at their logo). However, MA has better international exposure, and is probably one of the best positioned companies to profit from world economic growth as well as the move toward cashless payments, and I could not ignore it. MA and V together make up 3% of my portfolio, and will serve as a combined core position. Here's hoping they spontaneously correct and I can pick up more of both.