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The Internet and Your Financial Future

The Internet and Your Financial Future

 

ID-100134468Now 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:

Google

EBayAmazon

Priceline.com

Facebook

LinkedIn

Salesforce.com

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®

Direct Phone: 812-602-6301

Email: ttpayne@paynewealthpartners.com

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The information in this material is only as current as the date indicted, and may be superseded by subsequent market events or for other reasons. Statements concerning financial market trends are based on current market conditions, which are subject to change and which Payne Wealth Partners, Inc. does not undertake to update. While all information prepared in this document is believed to be accurate, any statements of opinion constitute only current opinions of Payne Wealth Partners, Inc., which are subject to change and which Payne Wealth Partners, Inc. does not undertake to update. Accordingly, you should not put undue reliance on these statements.

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Payne Wealth Partners, Inc.
Keystone Financial Consulting
601 N Cross Pointe Blvd
Evansville, IN 47715
Phone: 812-477-6221
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