The Best Warren Buffett Stock to Invest $500 in Right Now
After an incredible 65-year journey at the helm, Berkshire Hathaway CEO Warren Buffett has announced he will be stepping down. Under his leadership, Berkshire has delivered exceptional returns for investors and become a source of investment ideas. Buffett's investing principles, along with those of his esteemed partner, the late Charlie Munger, have been key to Berkshire's remarkable 20% compound annual returns since 1965.One of the crown jewels in Berkshire's public stock portfolio is American Express (NYSE: AXP). This iconic credit card brand is synonymous with luxury, making it a favorite among consumers. Following recent market fluctuations, American Express is now trading 15% below its 52-week high, presenting a compelling buying opportunity for investors today.When it comes to the payments landscape, American Express is a smaller player in a crowded field dominated by giants like Visa and Mastercard. To put things into perspective, in 2023, American Express processed $1.7 trillion in credit card purchase volume, or a 9% share of global purchase volume. This figure is dwarfed by the impressive totals of its competitors: Visa racked up $6.3 trillion (33% share), while Mastercard wasn't far behind with $4 trillion (21% share).Continue reading
After an incredible 65-year journey at the helm, Berkshire Hathaway CEO Warren Buffett has announced he will be stepping down. Under his leadership, Berkshire has delivered exceptional returns for investors and become a source of investment ideas. Buffett's investing principles, along with those of his esteemed partner, the late Charlie Munger, have been key to Berkshire's remarkable 20% compound annual returns since 1965.
One of the crown jewels in Berkshire's public stock portfolio is American Express (NYSE: AXP). This iconic credit card brand is synonymous with luxury, making it a favorite among consumers. Following recent market fluctuations, American Express is now trading 15% below its 52-week high, presenting a compelling buying opportunity for investors today.
When it comes to the payments landscape, American Express is a smaller player in a crowded field dominated by giants like Visa and Mastercard. To put things into perspective, in 2023, American Express processed $1.7 trillion in credit card purchase volume, or a 9% share of global purchase volume. This figure is dwarfed by the impressive totals of its competitors: Visa racked up $6.3 trillion (33% share), while Mastercard wasn't far behind with $4 trillion (21% share).
