On November 26th, I made my second purchase of Visa shares—adding 5 shares at $335 each. My first investment in Visa dates back to November 2021, when I bought 10 shares at around $195. Looking back, that initial purchase has performed extremely well. Strong earnings growth, relentless share repurchases, and about 18% annual dividend growth have all combined to deliver a terrific total return over the past few years.
Despite the run-up in price since 2021, I’ve been wanting to increase my Visa position for a while. Visa never really looks “cheap,” and maybe that’s simply the premium you pay for a business that dominates global payments and continues to grow even at its massive scale. With a current price-to-earnings ratio of around 32x, the stock is certainly not a bargain on paper—but it’s also trading closer to its 52-week low than its high, which gave me enough confidence to buy a bit more.
What ultimately pushed me to make this second purchase is the long-term nature of Visa’s business. Its model benefits from global spending growth, digital payment adoption, and network effects that only strengthen over time. Even though the stock has climbed over the past few years, I still expect meaningful growth ahead.
For me, adding these 5 shares wasn’t about timing the market—it was about continuing to build a position in a company I believe will keep compounding value for many years to come.
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