Agree. Definitely some focused tech fund exposure if long-term.
Also... well, ok, I am going to pivot... this is making me speak a different language than I want to. I just don't understand why someone would want to invest in their best 100 ideas or in the 100 best companies that fit into a restrictive profile when they can invest in their best 10.
I would carve a little space out in his portfolio for some
TPL. People don't understand it still. It's going to spit cash, probably forever. They are the largest landholder in Texas I believe. Its converting from the trust to a C-corp which is going to take the handcuffs off. Its not only an energy and grazing and more play... but its a future water rights investment. Long term, it's a no-brainer and could be a difference-maker. Regardless, the risk is very low IMO. How about 5%,
@wspcane?
And you just have to have some crypto exposure in your life. At least a bit. Some smart people are calling for 20x. And you can do it without worrying about owning coins. It's multi-purpose. It's a hedge, a tech investment to some extent, and it gives you some exposure to a supposed new economy. I'd grab some Galaxy (
BRPHF), just a little, and tuck it away for now. They are aiming to be the Black Rock of crypto, and its a coin play too as they have holdings.
And holy crap,
XOM is down so much it's spitting off around a 10% DIV. You are talking about one of the most substantial companies in the world. What a fantastic time to take a position and sit on it long-term and reinvest the dividends. I think that's an easy 15%-25% a year.
How about a little
AAPL? Or more than a little? You're not buying an iPhone company. You're betting on the fact that some of the greatest and most innovative minds on the planet, who get to spend
FIFTEEN BILLION DOLLARS A YEAR SOLEY ON RESEARCH AND DEVELOPMENT are going to come up with what's NEXT. You want to bet against what they have in their secret pipeline? I think you just have to have some, and it's down nicely from its highs. They are going to dominate digital services eventually too, not that they aren't killing it already.
I guess you should own a little AMZN. I never have because I've never seen an entry point. And I've been wrong the whole way.
These aren't stocks you have to "manage." This is buy and hold type stuff. Fvck funds.
