I just sold 36 BERKSHIRE HATHAWY-B shares. I now own 14 free BRK-B shares worth $1100. February 23, 2010Posted by deminvest in Berkshire Hathaway, BRK, Defensive Stock.
Thanks Warren Buffet! Today my $2,849 came back home from their 8 months trip to conquer me free stocks.
My “Free stock of the month” is Warren Buffet’s famous Berkshire Hathawy.
On July 15 I had bought 1 BRK-B share at 2,849. After a while Buffet decided to split it into 50 shares.
Tody I hit my target: BRK-B shares are 40% up since July 15
Today I sold 36 BRK-B shares at $79,91 each. Total amount cashed: 2876.76
My thinking back in July was correct: Berkshire made plenty of money lending cash at huge interest rate to large banks right before the government stepped in to bail them out. Those bonds are even convertible. Should bank shares recover, Buffets bet would yield tenfolds.
Tags: Buffet, financial gurus, Guru
The most expensive share I ever got: 1 costs $ 2,849.
I hate gurus, but I had to invest on Warren Buffet’s BERKSHIRE HATHAWAY this time, because Buffet could exploit the crisys, taking advantage of tax payer’s money like we the people, the small investors, simply cannot do:
- He was able to lend money to troubled financial institutions at very high interest rates
- Those high interest investments are safe almost like US Corporate Bonds because US government decided that those financial institutions are “too big to fail”. Of course Buffet had talks with both administrations. He knew he could get huge interest rates and be backed by taxpayer’s money (more…)