A New Buy Announced
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
The last buy that we made took place in February of this year, when we bought eBay (Nasdaq: EBAY). Before that, we bought Amgen (Nasdaq: AMGN) and Excite@Home (Nasdaq: ATHM) in December of last year. Living in exciting times, with rules getting broken left and right, we have been active for a long-term portfolio.
Today, we announce that in the next five business days, we will invest approximately $50,000 in the company of PE Celera Genomics (NYSE: CRA), better known as simply -- Celera.
$50,000 is, incidentally, the same amount of money that this portfolio launched with in August of 1994. A single outside dollar has never been added to the port, and yet we're now able to invest $50,000 in a single stock alone -- and we need to buy that much in order to make the new holding a significant percentage (6%) of the total portfolio.
The funds to buy Celera are arriving from three places: we are announcing the sale of all of our remaining stake in Iomega (NYSE: IOM), all of our stake in 3dfx (Nasdaq: TDFX), and $32,000 of our stake (about 9%) in America Online (NYSE: AOL). As our sell report on AOL will remind you, this is the third time that we will sell a portion of our AOL stock in order to buy a new Rule Breaker.
Linked here, the buy and sell reports tell the story:
Rule Breaker buying Celera
Rule Breaker selling Iomega
Rule Breaker selling 3dfx
Rule Breaker selling a portion of America Online
Until tomorrow, we'll see you on the message boards. Fool on!
--Jeff Fischer, TMF Jeff on the Fool boards
Invest Smarter with The Motley Fool
Join Over Half a Million Premium Members Receiving…
- New Stock Picks Each Month
- Detailed Analysis of Companies
- Model Portfolios
- Live Streaming During Market Hours
- And Much More
Motley Fool Investing Philosophy
- #1 Buy 25+ Companies
- #2 Hold Stocks for 5+ Years
- #3 Add New Savings Regularly
- #4 Hold Through Market Volatility
- #5 Let Winners Run
- #6 Target Long-Term Returns
Why do we invest this way? Learn More
Related Articles
Motley Fool Returns
Market-beating stocks from our award-winning analyst team.
Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 04/19/2024.
Discounted offers are only available to new members. Stock Advisor list price is $199 per year.
Calculated by Time-Weighted Return since 2002. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.
Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.