Here's Why This Elite Blue Chip Is a Buy for Growth Investors, Too
A longstanding investing credo advocates that you should "let your winners run." The implication of it is, assuming the fundamentals of an outperforming stock remain intact, you should add to your position in it over time.
Payments processor Visa (NYSE: V) indisputably fits into the winner category. A $10,000 investment in the stock made 10 years ago would now be worth $62,000 with dividends reinvested. This is far superior to the $20,000 that the same investment amount would be if it was put into an S&P 500 index fund over the same timeframe.
Even after that decade's worth of outsized growth, patient investors can still grow considerably richer over the long run by buying and holding Visa stock. Here's why.
Source Fool.com
