The Internet and Your Financial Future
Now that Twitter has enjoyed a successful initial public offering (IPO), we might take a step back and look at how important the internet has become to everyone’s financial future. Take Twitter, a San Francisco-based internet messaging company that was founded in 2006. Based on the Twitter closing price of $44.90 on its first day of public company trading, the total company is valued at about $25 billion which is bigger than over one-half of the companies in the S&P 500. Note that I am a huge fan of Twitter as a user (@ttpayne).
But the story is much bigger than just Twitter. Take a look at the top holdings of a growth-oriented mutual fund and here are some other internet-based firms you will likely see:
Most people are more familiar with these firms as users of their technology than as owners of their stock. The point is this: Internet-enabled companies look to be a big part of our future lives and they better be an important part of our investment portfolios. Payne Wealth Partners utilizes mutual funds to construct client portfolios and relies upon the mutual fund managers to choose individual companies.
Posted: November 11, 2013
Authored by: T. Taylor Payne, CPA/PFS, CFP®
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