In my December 2, 2021 Visa (V) post at Dividend Power, I lay out why I considered it to be an attractive long-term investment. I followed up this post with my April 27, 2022 post on this site where I suggest accumulating V shares on pullbacks. I once again revisit my largest holding in this guest post at Dividend Power and conclude Visa's attractive valuation makes it a 'Buy'.
NOTE: My guest was composed following the December 7 market close at which time shares were trading at ~$207.
Given the 2023 outlook shared recently by many senior executives, investors would be wise to dial back risk. In V, we have a company with a very low probability of defaulting on its obligations. This gives us a reasonable degree of comfort that we will not wake up one morning to learn that V is filing for bankruptcy protection.
Despite V's current attractive valuation, 2023 could end up being a 'challenging' year. If V's valuation becomes even more attractive, I recommend you acquire more V shares.
I wish you much success on your journey to financial freedom!
Note: Please send any feedback, corrections, or questions to [email protected].
Disclosure: I am long V.
Disclaimer: I do not know your circumstances and do not provide individualized advice or recommendations. I encourage you to make investment decisions by conducting your research and due diligence. Consult your financial advisor about your specific situation.
I wrote this article myself and it expresses my own opinions. I do not receive compensation for it and have no business relationship with any company mentioned in this article.
