What Did You Buy Today?

[Otter]

(12-09-2020, 09:09 AM)divmenow Wrote: I am staying clear on the airbnb and Door Dash IPO's . No way in hell would I pay that kind of premium to get in. Let it come down from all the hype. I can give you 200 names I would buy before I put any money into those names. Sure it may go up and you make $$. But I have to stick to my formula and I don't buy stocks that every Dick and Larry are saying buy, buy, buy lol

Now if Chick fil A ever came out IPO I would pay 20X lol

With the exception of PLTR, and now ABNB, I have avoided IPOs in 2020. Sometimes, a company is attractive because you are familiar with it (like your Chick fil A example). Have been following ABNB's path towards IPO especially closely, as I like their product and wanted to invest. So, over the past 18 months or so I set aside sufficient funds to open up a full position when it goes public. 

95% of my other holdings will remain boring dividend champions/contenders with solid balance sheets and a history of growing their payout even through the insanity of 2020. Sometimes, though, I let gut feeling pick a stock or two.