Today, as we gather with our friends and family, or just enjoy a day off, let us not forget the millions of people who have fought valiantly for our country since he declared his independence 245 years ago. On Remembrance Day, we honor over 1.2 million people who have made the ultimate sacrifice throughout history to preserve the freedoms we enjoy today, including freedom of speech, the right to vote and the right to chart our own financial course.

For over a century, the stock market has offered John and Jane Q. The public the opportunity to buy stakes in large corporations and build their wealth over time. While stocks have not always been the best performing asset year after year, they have made the rounds of other investment vehicles, such as housing, bonds and gold.

If you are looking to forge your path to financial independence, the following five top actions should help you reach your goal.

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Don’t let market capitalization be a deterrent. Large companies have a large market capitalization precisely because they perform at a higher standard than their competition. Even with a market cap of $ 1.65 trillion, Amazon.com (NASDAQ: AMZN) could easily double in value over the next two years.

Most people are probably familiar with Amazon’s dominant online marketplace. I mean, who hasn’t bought something in the past year or so from Amazon? According to an April report from eMarketer, Amazon now controls 40.4% of all online sales in the United States, the world’s largest economy in terms of gross domestic product. This online success has encouraged more than 200 million people to sign up for a Prime membership, which only strengthens these buyers’ loyalty to Amazon’s ecosystem of products and services.

Equally important is Amazon’s cloud infrastructure platform, Amazon Web Services (AWS). Last year, as the U.S. economy went through the worst economic downturn in decades, AWS increased sales by 30% and now has annual revenue of $ 54 billion. Since AWS’s margins are significantly higher than other Amazon operating segments, AWS will be the company’s key to explosive cash flow growth in the years to come.

A Redfin for Sale sign on the lawn outside a two story residence.

Image source: Redfin.

Red tuna

Another transformative action that can help you achieve financial freedom over time is a technology-driven real estate company. Red tuna (NASDAQ: RDFN). Although it has clearly benefited from historically low mortgage rates and these rates will not stay near their all-time low forever, Redfin’s combination of savings and innovation will make this company a major real estate player for decades to come.

One of the biggest differences between Redfin and traditional real estate companies is the listing fees. Traditional real estate agents charge around 3% of a home’s sale value when representing a client. Redfin charges 1% or 1.5%, depending on the buy and sell activity the buyer or seller has done with Redfin. A difference of up to 2 percentage points in listing fees might not seem like much, but when home prices skyrocket due to low mortgage rates, the savings Redfin can offer to buyers and sellers are impressive. Not surprisingly, Redfin’s share of existing home sales in the United States nearly tripled, from 0.44% in 2015 to 1.14% in the first quarter of 2021.

Redfin also offers a level of customization never seen with traditional real estate agencies. For example, the RedfinNow service is offered in some cities and involves the company buying homes for cash without the hassle of price showings and haggling. Meanwhile, Redfin Concierge helps homeowners make arrangements and upgrades that will help them get the best price for their home.

An elderly person using a laptop to talk virtually with a doctor.

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Teladoc Health

Healthcare stocks are known for their innovation, with the biggest growth trend over the next decade being telemedicine. This is why the linchpin of telehealth Teladoc Health (NYSE: TDOC) can play a big role in helping you achieve financial independence.

Similar to Redfin and Amazon, the pandemic created almost perfect conditions for Teladoc to thrive. With high-risk and potentially infected people stuck in their homes, doctors have turned to virtual visits to track patients. Teladoc processed nearly 10.6 million virtual visits in 2020 after just 4.14 million the previous year.

But what people probably forget is how transformative telehealth can be. It is much more convenient for patients to stay at home and see their doctor, and it is arguably easier for doctors to contact high-risk patients. The ease of communication should help improve patient outcomes, which health insurers will love. It also doesn’t hurt that virtual tours are billed at a cheaper rate than office tours.

The icing on the cake for Teladoc is its takeover last year of applied health signals company Livongo Health. Livongo is known to use artificial intelligence to send advice and nudges to subscribers with chronic illnesses to help them lead healthier lives. It was a profitable business when it was bought by Teladoc and its number of subscribers skyrocketed.

A woman holding a credit card in her right hand while looking at an open laptop in front of her.

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Another historic business that can help you move towards financial freedom is the payment processor. MasterCard (NYSE: MA). I’ll remind you once again that just because a company has a large market capitalization doesn’t mean that it can’t generate big returns over the long term.

One of the things that makes Mastercard such a great business is that it’s cyclical. This means that it thrives when the US and global economy is expanding and struggles when it goes through an economic recession or contraction. The secret is that recessions often only last a few quarters, while booms last several, a lot years.

Additionally, Mastercard has eschewed loans in favor of payment processing. While it forgoes interest income and earning potential during boom times, the move also means Mastercard is unaffected by credit defaults during recessions. Thus, it is able to bounce back from downturns much faster than other financial stocks because it does not have to set aside capital for potential losses.

And did I mention that a lot of the world still does their shopping with cash? There is a decades-long track for Mastercard to expand its infrastructure to underbanked regions of the world.

A family of four on a couch, each engaged with their own wireless device.

Image source: Getty Images.


A fifth and final superb headline that will put you on the path to financial independence is the social media giant Facebook (NASDAQ: FB).

When the curtain closed in the first quarter, Facebook recorded 3.45 billion unique monthly visitors to its social platforms. About 2.85 billion people visited its namesake site each month, and an additional 600 million went to Instagram and WhatsApp. In other words, it’s 44% of the world’s population that interacts with a Facebook asset every month – and you wonder why advertisers are so eager to place their post on the platform?

Here’s something else to consider: Of the $ 84.2 billion in ad revenue generated in 2020, almost all of it came from Facebook and Instagram. Neither WhatsApp nor Facebook Messenger has yet been significantly monetized. If the business grows more than 20% without operating at full capacity, imagine what it will be capable of when those assets are monetized.

Facebook also has many opportunities to go beyond ads. Sales of its Oculus virtual reality devices are skyrocketing and the company could generate significant growth in online / digital payments in the future.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are motley! Questioning an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.