Should I invest $1000.00 in Sirius Satellite Radio or wait for the Visa IPO?
Isabel asks:
I have $1000.00 to invest. I already own 150 shares of Sirius. Should I buy more or wait a while for Visa to go public and invest all $1000.00 into them. I am kinda leaning towards Visa right now, but Sirius is looking very tempting with their merger with XM radio almost certain.
I have $1000.00 to invest. I already own 150 shares of Sirius. Should I buy more or wait a while for Visa to go public and invest all $1000.00 into them. I am kinda leaning towards Visa right now, but Sirius is looking very tempting with their merger with XM radio almost certain.
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I think you should diversify… Putting all your money in one basket is just tooo risky…
On Sirius, you have a thesis as to why the stock will go higher. On Visa, what’s your story - why should you buy? You may know, but it’s not expressed here. If you don’t, then go with Sirius or something else entirely.
Sirius and XM are merging because the satellite radio business is not as lucrative as either thought it would be. Consider how many transactions Visa makes each day and the answer is clear.