What I Am Buying Today.

[fenders53]

(02-03-2022, 08:13 AM)cemanuel Wrote: Thoughts re FB since it's a hot topic. These are macro - nothing to do with earnings, cash flows, much of anything.

When I switched over to DGI I kept two growth stocks, FB and GOOGL. My thoughts were similar for each - big cap gains hit if I sold AND I thought there was a good chance they'd start paying a dividend at some point. In spring, 2019 I went ahead and sold FB (and my $180 looks a lot better now than 24 hours ago!).

I sold it for two reasons, somewhat related. I came to believe that FB was not likely to start paying a dividend at any point in the foreseeable future. I believed - and still believe - that it's the mega-tech company most at regulatory risk. Is it a monopoly? Sure - but so are GOOGL and AMZN. But FB is everyone's favorite whipping boy. Both political parties can find reasons to hate it. Now maybe I'm wrong on this and I'm certainly not saying it WILL happen - just that if it does, FB will likely be the first company to get hit with it, whatever "it" may be.

I do have it on my watchlist for my IRA and could buy but I'm still adding symbols and right now have 180 stocks to get down to 20-30 so that's very far from certain.

Final thought - PYPL is the kind of stock where I saw a 20% drop and shrugged my shoulders. I thought FB was past that - would have figured on 6-8% down for a rough reporting quarter. Of course it's AH but still didn't see it for a mega-cap company though I have not yet read through the ER.

FB is definitely everybody's whipping boy.  I visit daily so I can see my boomer friends and relatives profess their enduring hate for FB, Zuck and MSFT and Gates, while using their products daily. 

My wife is not interested in the markets, and I told her about FB dip last night.  She hates Zuck and told me all money is not good money.  Guess I'm not sharing the dirty profits lol. She is also anti-vaccine.  She must have forgotten I put her entire ROTH in PFE many years ago.   She probably doesn't want any of that money either.    

No matter how you invest somebody will have a problem with it.