What Did You Buy Today?

[fenders53]

(04-17-2020, 12:14 PM)MikeWa Wrote:

(04-17-2020, 12:00 PM)divmenow Wrote: Took a large position in IRM today. That just made it to my 6th largest holding now.

Data center reits are the way of the future. Although data is just a small portion of what the company does, they will grow that unti over time.

I think anything below $25 is a steal

I've been watching IRM for awhile now, but couldn't make my mind about it and pull the trigger.

My understanding is IRM is not a typical data center, but rather a storage facility for physical data, like paper documents, backup tapes and so on. Most companies will send their backup tapes off-site for a secure storage in case of a disaster, but not sure about paper storage. There must be some legal requirements for certain businesses and certain records to be stored as paper documents for a number of years, I am just not sure if the demand for this type of storage will grow.
Also with most companies moving their applications and data to the cloud, demand for offsite storage of digital media may decrease with time as well.

I enjoy the back and forth here rather than IRM,MMM,KO buy,buy buy.  I've looked at IRM as well.  Paper document storage probably will exist for 50 years, but can you make any real money providing that service?  I have no clue.  I have built a half dozen computers from scratch but I sure as hell don't know how to value the business aspects of the components.  I hate it because tech will obviously outperform until we die.  Maybe that's why they make tech ETFs for people like me?