Since 2009, when the stock market bottomed, it has been on am absolute tear. The S&P 500 is up 187% – and that doesn’t include dividends! I’ve said it before and I’ll say it again – everyone needs to be investing!
For someone that’s new to the market, trying to find a good investment at a reasonable price may be difficult.
Many new investors get sucked into penny stocks because they’re cheap and you can pick up a lot of shares. However…they are cheap for a reason! You’re getting what you pay for – low-quality companies capable of making your hard-earned money disappear in a flash.
Let me suggest a company that has a very bright future in a growing long-term trend. The company is Match.com, ticker symbol MTCH on the Nasdaq. It ended the day today at $33.99 per share.
Match is the dominant company in the world of online dating. They own other brands that you may be familiar with: OK Cupid, Plenty Of Fish, and the most popular dating app in the world, Tinder.
Whether online dating is your thing or not, it’s the future of dating for most people. It will continue to gain momentum over the next 10 to 20 years. As long as Match continues to execute – and I have no reason to think they will not – I am confident in the company’s ability to continually thrive.
Until next time, Joes!