Note--She had to cancel her order for a 3% position in T at 32.32 because of this purchase of PM. T was last trading at a low of 32.52 with a $1.88 dividend.
It could become the one that got away.
She raised her PM holdings by 18% today to 12% of the assets in her account. She paid 78/share.
Last June she sold 25% of her PM shares at 85 so she's coming home.
Grandma likes her dividend income.
I'm also short 77.5-March-put options in my farm account so I may be buying more right before it goes XD.
$$$$$$$--I sell cash secured puts in IRA #3 so there's lots of $$$$$$.
$$$-27%, BRK-17%, IBM-8%, PM-6%, COP-4% and USB-3%. The balance of my holdings are all under 3%.
Bought some for account #3 at 21.92/share. This account almost never sells it only buys and occasionally sells call options against a holding as is the case with LO-I'm currently short the March-65 call options so it could be the 3rd stock I've sold in this account since 2009.
Grandma sold out of ITYBY today while trading at yearly high. It was just under 1% of her assets and raised her cash holdings to about 2.5%.
Grandma's waiting for a correction in the market.
Imperial Tobacco Group PLC---ITYBY
They're also a big winner because they gain some key brands so the deal may meet antitrust issues. It's currently trading within 1% of its yearly high of 100.
I own very small positions in some of my accounts.
I value LO at 66 until we know if the deal meets government approval thus I'm still short the March 67.5 and 65 call options.
Nearly doubled my position today in IRA #3 on the weak earning's report. Paid 22.45/share for it and it now makes up 1.5% of the assets in the account.
Note--it goes xd in about 2 weeks.
Grandma sold out today for a 10% gain because the stock stopped dropping and she was unable to build a meaningful position.
She has an order in to buy one of her other holdings if it drops another 3%.
"Berkshire’s gain in net worth during 2014 was $18.3 billion, which increased the per-share book value of
both our Class A and Class B stock by 8.3%. Over the last 50 years (that is, since present management took over),
per-share book value has grown from $19 to $146,186, a rate of 19.4% compounded annually."
Wrong again. I better bring my 2015 projections down also---159,159.
Yes I missed that one too.
Our stock holdings just didn't get us there was a large pension plan charge.
Two other insurance companies I follow and own did a little better--MRH +15% and AIG +12%.
"From my perspective, though, Charlie’s most important architectural feat was the design of today’s
Berkshire. The blueprint he gave me was simple: Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices".
Great advice for young investors--DIS and NKE are two such companies..
Will we earn over $20 billion? We should have some stock gains but we also traded away longtime stock holdings for businesses thus avoiding taxable income.
Berkshire last had a market cap of $20 billion in 1994 when we only earned $420/share.
Took some profits today in NSC because I needed the cash and I sold out of the $$ put options against it that require me to buy it back if it drops under 100. My remaining shares will be held long-term. I sold 2/3 of my shares.
In other news-the BRK annual report hits tomorrow. I've got my Sees Candies, Coke and Dairy Queen ice cream all waiting.