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Deep Dive: For stock market investors, there really is a great future in plastic

Thomas Plumb, whose balanced fund is in the top 1% in its category, doesn’t hold large positions in retail stocks outside of Amazon and Alibaba. Instead, he’s loaded up on payment processors, including Visa, Mastercard and Discover Financial Services.

DFS, +0.79% The “overwhelming trend” for U.S. consumers “is not where they buy but how they buy,” said Plumb, who oversee…
MarketWatch.com – All MarketWatch News – Personal Finance

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