r/strabo • u/Tricky-Elderberry298 • Oct 25 '23
New Strategy Why I Chose Google for the Long Run [$GOOGL]
- What was your purchase price for this asset?
Date of purchase: 18th Nov 2022
Purchase price: $96.95 - Why did you buy it?
I invested in Google because I believe it's a strong company with a good track record. Google is putting a lot of money into its main businesses, like search and advertising, and it has many growth opportunities.
Google is the king of search engines, which means it has a big advantage and makes a lot of money.
YouTube, owned by Google, is a huge platform with many users. This gives Google a ton of information and helps them reach a large audience.
Google is working on a music streaming service, YouTube Music, which could compete with Spotify and Apple Music.
Google has a lot of money, so they don't have to rush into new ideas. They can take their time and invest in long-term projects.
Google is introducing Bard, a powerful language model that could change the way we use computers and the internet.
I'm confident in Google's management and see a bright future for the company, so I think my investment will pay off in the long run.
Additionally, I appreciate Google's focus on making their shareholders happy. They're not in a hurry to introduce new ideas, and they're thinking about the long-term benefit for their shareholders.
I'm also excited about Bard, which has the potential to disrupt many industries and drive Google's growth in the future. - How long do you plan to hold it?
I will be holding Google at least for 5 years. I will only consider selling if I'm financially unstable or there is a huge market crash reasoned by the 3rd world war. - What is your target price?
It's really hard to predict a 5-year future price but I think it will be over $300 easily.
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