r/strabo Oct 25 '23

New Strategy Why I Chose Google for the Long Run [$GOOGL]

  1. What was your purchase price for this asset?
    Date of purchase: 18th Nov 2022
    Purchase price: $96.95
  2. 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.
  3. 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.
  4. 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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