Missed Out on Visa? Buy PayPal Instead

(NYSE: V) has turned out to be a great investment historically. The stock has soared 1,850% since its initial public offering (IPO) in 2008. That gain would've turned a $10,000 investment into almost $200,000 today.

Seeing this, investors might be looking at ways to gain exposure to the payments industry. A valid argument could be made that Visa, with a $560 billion market cap and a price-to-earnings (P/E) ratio of 30.6, could appear like an expensive stock today.

But don't worry. If you missed out on Visa, maybe buying PayPal (NASDAQ: PYPL) is a smart move.

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Source Fool.com