Is Visa Stock a Millionaire-Maker?
If investors are lucky enough to find the right stocks early on, they could generate some serious wealth given enough time. Visa (NYSE: V) certainly falls into this category, as its shares have produced a total return of 2,560% since their initial public offering in 2008 (as of March 13). A $38,000 investment back then would be worth $1 million today.The business currently sports a market cap of $644 billion, making it one of the most valuable in the world. As we look ahead, though, is this financial stock a millionaire-maker?One reason that Visa is a fantastic business is because its competitive position is virtually unassailable. With $4.1 trillion in total payment volume in the last three months of calendar 2024, it has top market share by far in the U.S. with this key metric. This leading position isn't likely to change anytime soon.Continue reading
If investors are lucky enough to find the right stocks early on, they could generate some serious wealth given enough time. Visa (NYSE: V) certainly falls into this category, as its shares have produced a total return of 2,560% since their initial public offering in 2008 (as of March 13). A $38,000 investment back then would be worth $1 million today.
The business currently sports a market cap of $644 billion, making it one of the most valuable in the world. As we look ahead, though, is this financial stock a millionaire-maker?
One reason that Visa is a fantastic business is because its competitive position is virtually unassailable. With $4.1 trillion in total payment volume in the last three months of calendar 2024, it has top market share by far in the U.S. with this key metric. This leading position isn't likely to change anytime soon.
