Hey guys whats your opinion on investing my $1000 on Brk.B, just got out of highschool, so do you think its promising for the next few years at least.
Your looking to invest in a stock that has compounded by just about 20% per year for several decades, and you're worried about the difference between $146 and $148??? Just buy it for crying out loud, and if it goes down some afterwards, buy more, and be glad to get it so cheap.
Never publicized? Haven't you been reading the annual report for the last 20 years?
All the succession plan are in an envelope locked up in a safe and the Board has the "combo"
NOBODY in Corporate History has put more thought into who and how the company will be run after he's gone.
brk is 3.5% exxon, but brk is rather well diversified. your 148.50 may go down. brk may drop 10-20 someday. but, long-term - just hold-on to it and "never" sell, you will do GREAT. even if it looks like the S&P or "rest of the market" is doing better , don't give up, just be patient and hold, knowing you have INVESTMENT managers rather than SPECULATORS overseeing your money. your money will do wonderful, long-term.
I have been comparing BRK to my other stocks. I can't match the growth I am getting with BRK especially the last 2 months. A pe of about 18, the greatest stock investor in charge, no dividend but Buffet can invest those divvys better than me anyway. Now with banking getting better and interest rates going higher next year and the economy on the mend this has to spell big profits for next year. Go BRK
I myself prefer to own brk. rather than stocks in brk. warren often makes deals with these co. that we cant that boost the return.
Housing bubble not so much (didn't see it coming until it ran him over).
When you can't lower interest rates any more and you have bought up 4 trillion of assets in a 17 trillion dollar economy it really becomes pushing on a string.
Maybe we should have called him "Pushing on a String Bernanke" instead of Helicopter Ben.
Your plan is to sell great, longtime dividend payers for a company that doesn't pay a dividend? Then all your gains would be on-paper and could be eradicated if the stock price goes down, and the only way to cash in would be to sell? Instead of that, you should be focusing on building your portfolio and acquiring longtime dividend payers and then reinvesting those dividends over many years. And you should work on diversifying your portfolio, not consolidating it. Four stocks is a dangerously low amount; putting all your money into one company is even worse.
Don't get me wrong, I think Berkshire is a fantastic company and Warren Buffett's advice should be followed by more people. I'm planning to buy this even though I'm a dividend growth investor, partially as a hedge against my own competence level and partially for access to businesses that aren't publicly traded (Geico, Dairy Queen, Benjamin Moore, and Fruit of the Loom all come to mind), but even that would be a very small part of my portfolio. Seek out dividend growth stocks. Even if they "supposedly" don't earn the same returns as a non-dividend payer (that's very debatable at best), you don't have to sell off assets in order to cash in and you don't have to worry about market corrections. You earn cash dividends every month and can live off your passive income.
I find this an ingrained culture, if not the best out there. His control may cease when he his not the helm any longer, but his methods our proven with high success. His Co-CIO's were not picked out of a hat they were hand chosen. As far as his touch being lost he is still far, far better than the vast majority. And that elusive elephant is still out there, unlike the real thing will never be extinct. Some decisions I find on preservation merits more than anything more so than they ever have been. Of course, like logic, memory is a overlooked and forgotten untill its too late. His mangers, the boys may just prove they are adequate, to say the least. Equities are just part of the story when talking about the beast that is named BERKSHIRE. Better Buffet or whoever he choose than Cramer! The name is waiting to be announced and everyone who knows what that does entail knows it is better we wait longer. ALL IMHO.
It looks like he will not have to pay ANY tax on this. Removing the gain on P&G and rolling into a completely whole business. Incredible stock and business mind. ALL out for his shareholders.
People that do not drill down deeper see the headlines and think Berkshire's reported income is down 9%.
Anyone that can read more than a headline will see this was a great qtr. How many companies of this size report year over year sales growth better than 10%? The press just wants to knock WB. They talk about IBM dropping but you never hear them talk about Goldman being way up or Bank of America and all of the options BH is holding . WB , even at age 84, is beating the market and all of the Hedge funds that charge mega fees.
I bought today. This stock will be north of $150 by year's end.
Sentiment: Strong Buy
I didn't want to make this too complicated. I really just wanted to know if BRK-B was a solid investment as a replacement for a few individual stocks or just stick with these individual stocks I mentioned above....thanks for responding
What sort of tax implications would you face if you chose to sell your holdings? I would lean towards BRK but it depends on your tax basis.
Brother Buffett says!!!
" Ben Stein asked Warren Buffett whether gold was in a bubble, and the Oracle of Omaha responded with a rhetorical question.
Would you rather have a 67-foot gold cube made of all the bullion in the world, or all the farmland in the US, ten Exxon Mobils (XOM), and $1 trillion in walking around money? Because the price is about the same, he pointed out.
Buffett’s point was simple: Gold is not a productive asset. It just sits. Its value is entirely dependent on the whims of buyers."
Sentiment: Strong Buy