Q: Hello team, my question is about Mastercard. Last year after reading in the Toronto newspaper how dominant MA is and is going to be - with the world carrying less cash for small purchase needs - and seeing the stock ramping up consistently, I purchased a significant amount of the stock. In very short order the stock had a 10-1 stock split and i was hopeful that it would continue to increase. From over $800 (split to over $80) per share its dropped and floundered in the mid $70.00's. I compare the MA results to my Canadian funds and realize I would have been much better off keeping with my home grown stocks. For added perspective, I'm 55, doing well financially, I own my property, have a very small debt. I hope to retire comfortably within a year. My goal is to achieve 10% annual earnings on my portfolio once I retire. At this time, between my business and my stocks i am heading towards the $2.5 and $3 million dollar mark in my investments. Currently MA is 6.6% of my portfolio. My stock portfolio and rrsp's is my future, I have no pension. I live alone and have no other secondary source of funding or financial responsibility.
What are your thoughts on MA as part of my portfolio overall and with your learned crystal ball - what is your opinion of the stock - say over the next year.
Many thanks, Dave
What are your thoughts on MA as part of my portfolio overall and with your learned crystal ball - what is your opinion of the stock - say over the next year.
Many thanks, Dave
