Hold onto your VISA!
July 7, 2008
CNBC Talks about VISA & The Credit Crisis [VIDEO Link]
With everyone (including me) biting their nails at the whole credit crisis going on… should you sell your Visa or MasterCard? We’re hearing that major shareholders and banks are selling stocks of V … Does this mean you follow their lead like a headless chicken?
Plain and simple answer: NO! As this great video states, these companies make money from transactions whether you spend $10 or $100, don’t be foolish! One of the key problems with the market is the many uninformed and childish investors these days. Teenagers and young investors who immediately pull out their $10,000 as soon as an analyst they have never heard of comes on a News Channel, or a website and spreads a negative outlook in the near future.
Very few people are successful when investing in the short-term, when you buy into a company… buy it long term! Learn to trust your instincts and ability to predict a profitable company.
Know where your money is going, and trust your intuition wisely. (Use your Head, not your Heart).
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