- July 14, 2020
- Posted by: Admin
- Category: Business
Investing in stocks can be incredibly beneficial or it can cause a lot of damage to the finance of the individual. The situation gets more complicated as there are a lot of stocks in the market. A person is spoilt with choice, so it is difficult to estimate which is the right stock for them. Amidst all these stocks, there lie the cruise line stocks such as NYSE: RCL at https://www.webull.com/quote/nyse-rcl . Is it a good idea to invest in such stocks?
What is RCL?
RCL is a cruise company that is a parent company to Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises (Global Brands). The Royal Caribbean Cruises Ltd. (RCL) is a major player in the cruise industry as it has other partner brands as well. They capitalize well on the different areas that they are present in.
Considering all the brands that they operate and the different brands that they are partnered with, they have a total of 50 ships that function in the cruise industry. RCL is a widespread industry and reaches out to all seven continents. The company covers 105 countries where they have 540 destinations. They are popular among the masses due to their wide collection of itineraries.
What is the advantage of investing in RCL?
When a person invests in something, one may get a dividend or an annual payment for the stocks that they hold but then there are no additional benefits. By owning stock in the cruise line, a person is exposed to the Onboard Credit (OBC) which allows one to access privileges when one is onboard any of the cruises that are owned by the company. Owning stock in NYSE: RCL gives people to benefits that only an investor holds.
Depending on the number of days that an investor is onboard on a ship, they are given a credit of varying amounts. If one takes up more nights in the ship, their credit also increases. One can earn by this benefit. In the case of The Royal Caribbean Cruises Ltd. (RCL), this benefit applies to only the ships that they own. Even though they have a partnership with the German, Spanish and Chinese brands, this benefit will not work on these brands.
Owning any type of stock is a messy job and sometimes it can feel like a waiting a game. With the economy that took a fall recently, the cruise industry has taken a fall due to the restrictions by the government. Cruise ships have stopped plying resulting in a dip in the stocks of NYSE: RCL, but this does not mean that it will not recover. Cruising is still a very popular vacation. So, one should research carefully and make the right investment. You can download the stock trading app to choose stocks like margin stock .
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.