5 Best Growth Stocks for the Death of Cash

Joseph Hogue
ā¢March 12th, 2025
DESCRIPTION
These growth stocks are some of the best investments you can make as we shift to a cashless society and we could see the trend accelerate. The 2020 stock market crash is giving investors a once-in-a-lifetime chance to buy these growth stocks at big discounts.
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Nation, the shelter-in-place restrictions are accelerating a lot of the big picture trends weāve seen over the last decade. The online revolution, ecommerce and digital payments are getting a boost as people stay on lockdown. One of the biggest trends Iāve been following is the death of cash and that shift to a cashless society through ecommerce and digital payments.
Not only is the recent stock selloff giving you the opportunity to buy into growth stocks in the trend at multi-year discounts but weāll be seeing higher sales growth and earnings from these companies for years to come. Iām usually not one for growth investing because I hate paying the higher PE values for these stocks but this could be a once-in-a-decade shot at getting into these investments.
Iāll first explain why the death of cash is happening and how 2020 is shaping up to be a turning point in the trend. Even as people in the U.S. have cut back to using cash for just 37% of transactions, currency is still used widely throughout the rest of the world but the shelter-in-place orders are changing that and these growth stocks in the theme will benefit.
Iāll then highlight the five best growth stocks in this trend, five companies that benefit directly in a cashless society. Iāll walk you through the stock analysis for these five and reveal why Iām buying right now.
0:15 The Biggest Trends in Growth Stocks You Need to Know
0:50 The Death of Cash and Coming Cashless Society
2:55 Should You Invest in Mastercard versus Visa
6:15 Best Growth Stock to Buy on a Cashless World
7:52 The Growth Stock Getting a Small Business Boost
8:58 The High Growth Stock Nobody is Talking About YET
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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