Valentines day: 3 groups of stocks to watch + 3 ways to make money while you live, spend & sleep
Discretionary spending is expected to pop this week amid Valentines Day, while credit card debt is already at a record high. It's no surprises that Visa $Visa (V.US)$ . MasterCard $MasterCard (MA.US)$ and American Express $American Express (AXP.US)$ shares are trading at record highs with the trio more profitable than Tesla $Tesla (TSLA.US)$ . Credit and debit cards are just one of the three groups of stocks that are worth watching ahead of Aussies forking out AU$1.1 billion on V-Day and Americans spending US$25.8 billion on the day. We also share three ways you make money while you are spending it or sleeping on V-day night.
V-day spending to hit a record
Australians are expected to spend around AU$1.1 billion on Valentine's Day according to Finder while Americans are expected to spend US$25.8 billion according to WalletHub.
Australians plan to spend AU$485 million on Valentine's Day gifts - with 42% choosing roses, according to Roy Morgan and Australian Retailers Association. While in the US, research suggests 57% of Americans plan to buy sweet treats for V-day.
Let your money blossom. 3 groups of stocks to watch
V-day stock watch: Theme 1: Credit and debt cards. the magic trio
Visa $Visa (V.US)$ , Mastercard $MasterCard (MA.US)$ and American Express $American Express (AXP.US)$ shares are trading at record highs with debit and credit card spending at records. Card debt is the highest in history; in the US it hit $1.13 trillion. In Australia hit US$40.99 billion. Also consider that Visa, Mastercard and American Express' profits are towering over Tesla. Their margins are expanding and this week are expected to swell.
V-day stock watch: Theme 2: Gift and flower giving beneficiaries
Gift giving benefactors include;
V-day stock watch: Theme 3: Miscellaneous beneficiaires
3 ways to save money and let your money blossom while you're living, spending & sleeping
Tip one. Set financial goals. Invest in your future you.
Create common financial goals with your partner to build a future together. Ask your partner what their goals are. And this valentines day consider starting an investment fund together.
Also agree to make regular contributions of what you can afford, into your account. That way you can go on holidays sooner, or maybe get closer to that property sooner.
Get romantic and pick your investments together over dinner.
Consider this… if you invested in the S&P500 over the last three years, your investment would have grown 32% vs, leaving your hard earned cash at the bank and getting 0-3.9%
Don't know where to invest? Just like love, investing doesn’t have to be complex. You can go the well-trodden path invest in the world’s biggest funds via the S&P500, or the Nasdaq, by buying ETFs like $SPDR S&P 500 ETF (SPY.US)$ , $iShares Core S&P 500 ETF (IVV.US)$ or $Invesco QQQ Trust (QQQ.US)$ or $BetaShares NASDAQ 100 ETF (NDQ.AU)$ which will give you access to growth and dividends in some of the biggest companies in the US and world. Alternatively, if you want to invest in Australia’s great, the ASX200, you can invest in Australia's biggest ETFs such as $Vanguard Australian Shares ETF (VAS.AU)$ or $iShares Core S&P/ASX 200 ETF (IOZ.AU)$
Tip two. Be credit and debt card smart. Get a card that loves you back
Consider switching to a debit or credit card that loves you back and gives you frequent flyer points, so when you are spend money on dinners, gifs, groceries, flights, etc. you are earning frequent flyer points.
If you use a card that gives you frequent flyer points, for every dollar you spend, you can fast track going on romantic getaways sooner or more often. And also save cash.
With the money you save on flights, you can invest the money you would have spent and put into in your investment account and let the power of compounding do the work.
Tip three. Get fit together - couples who sweat together stay together
If are want to up the ante this V-day, consider getting the Qantas wellbeing app. Link it to your frequent flyers. If you walk 10,000 steps a day, or complete your weekly steps goal, or you will get frequent flyer points. You can also compete challenges against your friends and loved ones and you get frequent flyer points. Plus, you also earn points if you complete the sleep challenges. So you are earning points while you sleep.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Jessica Amir
Moomoo Official Market Strategist
moomoo, market strategist.
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SnowVested : qantas moving with the times, time to look for new credit lender after reading this