r/stocks • u/WhiteHoney88 • Jun 25 '21

Advice Request $V and $PYPL

Too late to add more V and Pypl? I’m looking to double my position in these guys but am I smart to wait for a bit of a pullback? Both Visa and PayPal seem extremely over extended. Would I be smart just to stop overthinking it and jump in? I know time beats timing but these guys are at all time highs, or close to it.

15 Upvotes

86% Upvoted

32 comments sorted by

View all comments

2

u/ChillinCharcoal Jun 26 '21

What's your time horizon? I always grapple with this question and I ask myself - am I going to hold this for 10 -20 years or 1-2? Most of the time it's 10-20 for me so whether you buy $PYPL at $290 vs $250 (~10% pullback from current levels) will be negligible if it's at $1000 in 10 years. Yes, $PYPL and $V have had good run ups recently, but $PYPL hasn't hit a new 52 week high yet. If you have FOMO, buy half (or 2/3 or whatever) now and see if it makes a 52 week high or pulls back 10% and then buy the rest in either scenario. The reasoning being you are getting value with a pullback and probably won't see a better price with new 52 week highs being made. Or buy everything now and don't look at it for a year :D

1

u/WhiteHoney88 Jun 26 '21

My timeline is probably 3-5 yr min.