Stock Talk: Visa and MasterCard

Two of my all time favorite stocks are Visa and MasterCard. Both these stocks are recession free. They provide a service and get paid a hefty fee for it. As soon as you swipe the card, they get about 3% of the amount while bank is on the hook for actually reimbursing the merchant and you are responsible for reimbursing the bank. Even if you default, credit card processors don't make a loss.

I hold a small position in both of these stocks and will be keeping them till my retirement.