Long Term Investors - What are you buying or selling today? (market, company)
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I get what you're saying here. I feel the same with with some of the flashy tech names that are so popular these days. Most of them are not profitable and engage in businesses that I don't understand, so I tend to stay away. But good long term investments can be found in any sector. Heck, I'm a 52 year old man who asks his daughters for their thoughts on stocks like LULU and ULTA - talk about businesses I don't understand lol - but both are great companies, and I'd be much more comfortable investing in either than TSLA or ARK anything.
BTW, I am currently long AAPL, BAC, BRK-B, DPZ, HD and V, and am building positions in CVS and WSM. Would love to get into AMAT and either LEN or DHI going forward.
Yeah I have AAPL and NFLX. AAPL I have had for a few years longer than NFLX, no plans to make any changes in either.
been buying and watching L ,they are sitting on 43 Billions worth of cash as of last qtr ending,when are they going to deploy that $$?
They also own 11,000 hotel rooms,most in vacation/tourist area ,CNA property and casualty co ,Boardwalk pipeline,I believe Diamond Offshore has filed for bankruptcy.
I have held BABA for a year as one of my long term investments, hoping for it's explosion, and I'm right back to where I started when I bought it. Ugh.
I have held BABA for a year as one of my long term investments, hoping for it's explosion, and I'm right back to where I started when I bought it. Ugh.
I am currently down 5% on 10 shares that I bought last july. Could be worse. At least I didn't buy at $300. Am holding nonetheless.
been buying and watching L ,they are sitting on 43 Billions worth of cash as of last qtr ending,when are they going to deploy that $$?
They also own 11,000 hotel rooms,most in vacation/tourist area ,CNA property and casualty co ,Boardwalk pipeline,I believe Diamond Offshore has filed for bankruptcy.
L seems a bit like a Berkshire copy cat - insurance and energy operations, a few other unrelated businesses, and a pile of cash. Like Berkshire, they are likely hoarding the cash and waiting for the spac and PE acquisition frenzy to subside, and for better deals to come around before getting back in the game. Like Berkshire, I wouldn’t expect them to be deploying major portions of that cash any time soon.
All of this makes me think why L when you could be buying a bigger and better BRK-B??
I have held BABA for a year as one of my long term investments, hoping for it's explosion, and I'm right back to where I started when I bought it. Ugh.
I had some BABA few years back. It just never seemed to find solid footing at the time I held it and I wanted to deploy that money elsewhere so I got out of BABA, around breakeven or a slight profit and didn't look back.
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