On August 19, 2004 I bought a "handful" of Google Stock at $85 per share.
Tonight I put in a Sell order – as I see it’s currently at $495.84 per share.
Not bad.
Anyone else out there still holding Google stock?
Where you see Google Stock valued at in 12 months?
Who would you invest in today? (any hot tips?)
20 Responses
A nice return for you 🙂
If you are going for big companies Apple seems to be going strong, and have a few new products to be released with the ‘top secret’ features still unknown.
I sold my “handful” a while back. I didn’t get in at the beginning though so my return wasn’t nearly as impressive as yours. I figured that since I earn income from Google’s AdSense program I was already tied to their financial performance and didn’t need to invest more in Google. Of course if the stock doubles again I’ll wish I had kept all my eggs in one basket 🙂
good roi for sales, congratuation
Jim.. Congrats on the awesome return! I sure wish I would have gotten some shares when they went public!
Handful?
Hi Jim,
I wanted to hold on to my “handfull” of stock for a few more months, but if you’re selling, it must have a good reason. Any insights you’re only willing to share for a share of the winnings?
Don’t see a reason to sell them, unless you are launching a competing business. I’d buy a hundred or a thousand, if I had the cash.
Peter,
No specific reason….other than it’s a nice profit…but I’m not predicting any google gloom and doom in the future.
Gotta know when to hold em, know when to fold em…know when to walk away…know when to run..
At the moment I have no urgent reason to free the money, but my wife is a nostradamus and wants me to sell. She accidentally saw your post in my RSS reader, so maybe she will listen to your comment.
Jim,
I like WebMD. WBMD. I bought it recently around $40. It’s $47+ right now. The fundamentals, which I won’t get into, are incredibly strong. It is both an Internet and a Health stock (without the risk/liability of manufacturing/selling drugs and government regulation). The general consensus on the Street is that Healthcare is an undervalued sector.
As a website, WBMD is doing great and growing very fast (excellent content, value, and ads), but what a lot of people don’t know is they also provide health information to health organizations and corporations through other services, which is a significant source of income. They are part of HLTH. You should research both companies before making a decision.
It’s WIN-WIN as far as I’m concerned. The population is aging, becoming more internet-savvy, and is being forced to take a more active role in their healthcare decisions (corporations, too)…and I see WBMD as the only company able to leverage all this.
Good luck.
P.S. I still think Google is a pretty good stock, but I would definitely sell after making that kind of profit.
I dumped most of mine in the 450 range; like you, I think it will probably end up going higher, but I wasn’t comfortable with the multiple and infallibility built into the stock.
If the market corrects, I’ll probably buy it again, but until then it goes into the currency portfolio.
Cygnus
after 2 years or so I realized I cannot just not buy Google because I make money off them, so I got in very late at 350 or so , still holding…
We’ll see Wednesday if that was a wise move.
I wish I had bought in early. I was going to and I just didn’t give the buy order. So mad at myself.
I’m holding on for the long-term. Search is Google’s cash cow, but their strategy to focus on becoming the Microsoft of the online world. They are getting into the software business for goodness sake with a product that may be as good as Microsoft’s, that will surely be less expensive than Microsoft’s (OS, Office, etc). Their economies of scale, and their collective talent, enable them to profit from many of the most profitable sectors of the economy either directly or indirectly… a bet on Google is a bet on the diversified world economy… which seems like a safe bet to me:)
I own Yahoo too, and i’m holding that as well. They are building a house of brands that could become a very valuable portfolio.
Why sell?
Do you need the money, do you think the stock is “done”. It doesn’t make sense to me to sell for no particular reason, especially a stock that has treated you so well.
Dave
P.S. – Nice spam protection, 3 + 5 = 8.
GOOG Part Deux
Your wife was right (probably not the first time if she’s anything like mine). Even after their earnings announcement yesterday (a blowout quarter far exceeding expectations) and a great day for stocks across the board…GOOG went down. Investors lack of enthusiasm is the best signal to indicate the stock has no more legs for the short term. The exact same thing happened to Apple a couple of weeks ago.
Tech stocks are typically always down this time of year and pick up in the fall because that’s when tech buying begins. Tech stocks are always a risky long term investment because as we all know, things change quite quickly, quite drastically. Google is probably as bulletproof as you can get in Tech, and it is still a stock worth owning, but I cannot stress how important it is to take a big profit when you can. How many people out there (including myself) got burned five years ago because they refused to think that stocks could ever go down again….or that most of the stocks they owned would eventually go back up again??? WRONG!!! GOOG is near its all time high, and if you got in at $100, you made five times your money in a couple of years. That’s an insane profit. Don’t be greedy. Pat yourself on the back and start looking for the next Google.
By the way…you can always BUY IT AGAIN at any time if you want to!
Congrats on the almost 6-bagger. You can always get back on the horse.
WebMD (WBMD) is up over 9 pts…20% in a little over three weeks since I recommended it.
I would still buy it today (if I had that money) because I still see Google expanding and doing other big things. Not sure what they are but they will come up with something.
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