3 Brilliant Reasons to Buy This Warren Buffett Stock and Never Sell
It can pay to follow Warren Buffett. The legendary investor and operator of the conglomerate Berkshire Hathaway is indisputably the best investor in modern times, generating huge returns for those who invested along with him. His buy-and-hold strategy is a time-tested way to build wealth, even in the age of the internet and rapid algorithmic trading.
One of Buffett's permanent holdings that he has owned for decades is American Express (NYSE: AXP). The credit card and payments giant is Buffett's third-largest holding by market value and is actually beating the returns of and Mastercard over the last five years. Here are three brilliant reasons to add American Express to your portfolio and never sell.
The American Express brand has stood the test of time. Beginning its business back in 1850, the financial services company has evolved into one of the only vertically integrated credit card networks based in the United States. It offers high-fee premium credit cards to its customers, targeting wealthier customers who spend more. Operating its own network, it has the power to achieve discounts and perks for its customers, such as airport lounge access, that few other credit cards can match.
Source Fool.com
Visa Inc. A Stock
With 50 Buy predictions and not a single Sell prediction Visa Inc. A is an absolute favorite of our community.
As a result the target price of 285 € shows a slightly positive potential of 10.17% compared to the current price of 258.7 € for Visa Inc. A.
