re: Visa getting roughed up today?

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I'm going to get as good a price as I can get on August 13.

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Excuse my ignorance, but wouldn't the share price get artificially inflated right before the ex-dividend date which will make you buy at a higher price?

this isn't a stock purchased by dividend hunters so no, but other companies i hold like Phillip Morris pay a giant dividend so yes people buy it right before the dividend and sell

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this isn't a stock purchased by dividend hunters so no, but other companies i hold like Phillip Morris pay a giant dividend so yes people buy it right before the dividend and sell

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I bought PM right at the ex-dividend last time and still made money - up 2%, PLUS the dividend.

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(they only started paying dividends in 2008).

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That's when V went public, correct?

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Preciate it...I'm fairly new to this so I am learning through "on the job training".

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I'm fairly new, too, especially single stocks, but I'm a quick learner.

What V does is act as a toll road for consumption. Now, global consumption could go down in another recession (if we're even clear of the last one), and hurt a little, but there are only about 175 million online shoppers right now - that is expected to expand to 350 to 400 million over the next 10 years and could top 1 billion in 25. Many of those people are not born yet or do not have credit cards.

The sky is the limit for V. The company makes money and does not carry consumer debt. People are already talking about a post-currency world. How do you think business will be conducted? V has the lion's share of the credit card business, and handles transactions in every currency, every language and every country on Earth.

Yes, I should get about $500 a year in PM stock just due to the dividend. Pretty nice starting out.

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a split honestly does nothing, it just dilutes the share count. If you have 1 share at $180 or 2 shares at $90 your net worth hasn't changed.

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I know, but I thought that it will sometimes tick up quicker because people have a historical price in mind and it will tend to climb towards that point.

Not saying it would get back there, just that it would look like more of a value.

Trying to learn here

Also Ace as you've pointed out global consumption could go down in another recession but honestly, Im probably gonna get flamed for this but as long as the top 10% of society are spending I think Visa will be fine the reason I say that is. If you take the entire bottom half of society and assume they spend under $300/month on their CC and compare it to everyone in the top 1% who probably spend $200k+ annually on a card, i don't think the spending habits at the top will change. Even at the peak of the crisis in 2009 you could go to the best steakhouses in dallas and houston and they were packed.

For me, I personally have a united explorer Visa card that I buy close to $200k/month on for work buying goods for my stores at sams:cigarettes,candy,drinks and I know I spent close to $2M on it this past year all work related and the fees on that alone are like $30k/year from Sams to Visa....for just me and my 4 stores. Then I don't know the breakdown per card, but I paid last year over $200k in merchant fees at work bc close to 90% of sales are on CC and visa charges 1.5%, Amex close to 3%.

So I know I'm a damn good contributor to Visa and their earnings as a consumer and as a business owner, then I see all the other business owners just like me buying goods everyday for their businesses and most wholesale places will only take visa,master,discover and pass on amex bc of the higher fees.....so with Visa being the biggest....it's my choice, their healthy balance sheet is a big bonus

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grabbed 25 shares at $177. holding long.

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God, I feel like a scrub only picking up 10...

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nice recovery on the day...thank god

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I closed it out when it dropped back down to 176. Now were at 180