Google Stock Is Tanking. I'm Buying The Dip

[@TheDividendAristocrat]

Are you buying Google on the dip? StockIntent 📊: www.stockintent.com?aff=r458k Patreon (Free Future Value Calculator)👉: www.patreon.com/c/TheDividendAristocrat

[@StockIntentApp]

Google is my largest holding, around 20% of my portfolio. I was lucky to buy below $100 a year ago and plan to compound it over time. The recent DOJ troubles feel like a great opportunity to add more, just like you did. As for Target, while the valuation is appealing, I think it lacks quality and a clear turnaround catalyst. Being close to eCommerce in my work, I see the future as ad-driven, where Amazon and Walmart are outpacing Target in advertising dollars. This will allow them to squeeze Target even further. It's hard to justify investing in Target when wonderful businesses like Google, Booking, or ASML are coming down in price recently for me personally.

[@TheDividendAristocrat]

@@StockIntentApp Nice! Do you only hold individual stocks? Do you have a limit to how much you are willing to allocate to an individual position? I started my Google position with a cost basis of $95.21/share, really wish I loaded up on more back then 😂. Would love to see an even bigger pullback in share price now, but still seems worthwhile to add to my position at current prices. You make a good point on Target, definitely will have to take that into consideration.

[@PThippo]

Yes, I bought some! Hoping it dips more

[@StockIntentApp]

​@@TheDividendAristocrat Yes, I mostly do individual stocks. Around 90% of my portfolio are individual stocks. I don't have a limit on how much a single position can take over, especially when they are of the quality of Google. I once read a great piece of content from Pat Dorsey that showed epmirically that after 12 stocks you tend to loose diversification effects exponentially. I try to basically find 10-15 great bets at any point of time - so very picky!

[@johnstewart5221]

great video. i’m going to hold off an Google, I prefer to save that money to buy more Apple shares if they dip. in terms of target, i think you should wait for a larger dip. that’s just me though 🤷‍♀️

[@TheDividendAristocrat]

Fair enough, I'm going to hold off on target, especially since the stock price has been climbing, i'm happy with my position as is. Definitely hoping Apple has a correction at some point but who knows anymore lol

[@PThippo]

Really hoping the stock price dips further

[@TheDividendAristocrat]

@@PThippo Same here 😈

[@Stock-Trekker01]

I think that is behind the 8 ball as compared to Wmt. I have invested in Wmt for about 6 months now and am up over 30 percent. Looking to sell some shares when it hits 100 a share.

[@TheDividendAristocrat]

You think? I agree that there’s a lot of uncertainty with Google, but the company is doing well in terms of fundamentals. WMT has definitely been on a good run, but trades very rich so we’ll have to see how long they can sustain it.

[@Stock-Trekker01]

@TheDividendAristocrat I think Q4 will tell the tale for all of retail. TGT will have to make a change to turnaround before Q1 2025.

[@defense-dad]

Personally, I am buying target and price is below $130

[@TheDividendAristocrat]

Crazy how quickly it has been recovering this week, already back over 130/share. Only a 2% position of mine

[@defense-dad]

I’m always picking up a few shares of Google when it is nearing the $165 mark

[@jamieproto7749]

I’m not going to buy google right now

[@TheDividendAristocrat]

@@jamieproto7749 why not 😂

[@jamieproto7749]

@@TheDividendAristocratI’ve hit my investment goal for the year and I need to save some money so I’ve decided not to invest more this year

[@TheDividendAristocrat]

@ That’s awesome congrats! Guess i’ll have to wait until the new year to hear some portfolio updates from u

[@defense-dad]

I’m always picking up a few shares of Google when it is nearing the $165 mark

[@TheDividendAristocrat]

Nice! What's your position looking like if you don't mind sharing?