06-08-2021, 12:50 PM
(06-08-2021, 09:33 AM)rayray Wrote:(06-06-2021, 12:33 PM)fenders53 Wrote: Likely great stocks long-term but they aren't anything like cheap and this is a new investor so I still vote for diversification. No sense getting them killed and turning them off on stocks. It's still wise even if they give up some short-term gains if tech runs.
yea, i understand but imho, amzn/fb/googl are decent buys even at these levels--especially to start a foundation of stocks
looking at it as adding little by little
pico y pico
is something I'll never participate in. It's just not a sustainable business model. Interest is already dying down, instead of facebook being about the people (which is what attracted the people there in the first place) it's now about corporations, news (whether real or false) etc. It has lost it's touch, and it won't be long until it loses it's users.
This is not even talking about the ridiculous amount of advertising and the terrible record when it comes to managing and selling user data.
In 20 years people won't even remember facebook. Just like they don't remember myspace now. They are trying to expand (whatsapp, instagram etc) but they certainly can't compete on the software side, so now it's all about seeing if they can win over the users by advertising enough.
Amzn and googl
are both companies that will probably do fine in the long run. I do think they are "too big" and too expensive but they certainly have their fingers in a lot of very promising new technologies. They won't fit in this portfolio just yet (dividend is a must) but I'll definitely keep them in mind for when there is some space for non-div payers.
MSFT
is also what I originally planned for this portfolio. But the choice was to go for more aggressive so UI it is.
So far so good, UI currently up 12.51% from time of purchase, MSFT would have been -3.56%. But we all know which is the safe one and which can crash and burn any moment.
