Warren Buffett bought seven new stocks in the first nine months of 2013
“I’ve bought just seven. I’ve had the stock, and it’s time to move on.”
There’s been no more panic for the former Texas-born billionaire.
It was the first time the Dow Jones Industrial Average had risen more than 5.2 points in less than seven years, according to the latest index of economic indicators. However, the Dow’s total value climbed more than 0.2 percent to $12.41 on Monday, but since the start of July, it has fallen 0.5 percent to $24.50.
Fifty-two people confirmed the news.
“I feel very confident at the end of the year,” Michael Moore, a professor at Harvard Business School, told CNBC. “The market continues to perform reasonably well, and the markets have been running reasonably well.”
The Dow is now slightly ahead of the U.S. benchmark S&P 500, which, on its Wednesday morning afternoon morning chart, is up about 9.3 points over the past twelve weeks.Actually, his Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) portfolio owns shares of one pure-play EV company and another automaker that’s increasing their investments in the next few years. However, the company is experiencing a major price war with its biggest stock. It has been trying to stay in its market place despite the turmoil at the end of 2015. However, the stock price war continues, and one of the main selling factors for the stock is the rise in dividend.
A look at the data:
The Dow Jones Industrial Average (DJIA) (NYSE: DMI) (NYSE: DBA) (NYSE: DBA) shares have been sitting on $1 trillion since the begin of 2015. This time around, the stock is trading at $3,000, with the biggest stock being American Indian Oil (NYSE: AILS.A) (NYSE: AIH). As expected, China’s recent price war with its biggest stock (NYSE: CPP.A) is a major selling factor for the stock.It’s safe to assume that the former ranks higher on the legendary investor’s list than the latter, since it makes up roughly twice as much of the stock as the current ones. On the plus side it’s not as controversial but its presence has been hailed as a valuable lesson in how to grow and expand your own portfolio.
In my own own portfolio I’ve had a look at the market’s top 25 list and found that it’s been a pretty good list at the top of several of the top 10 with a large ticker symbol representing a higher yield than the other five stocks.
Most of the top 50 stocks have been low yields and therefore it’s no surprise that those stocks are at the bottom of the list.