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I haven't been investing in stocks over the past 24 months very much. Based on my affection for HZO, that's a good thing. However, I have refreshed my scans and watchlists and have a single stock on it - GOOG. I won't say all the things that you already know about Google. I bought Google in my daughter's investment account at $104 because I believed that was a great price. I plan to hold it in her account for a few years. I expect that position to at lest double because:
- financials are strong
- they have a real edge in the market
- they are THE leader is self-driving cars. I can't overstate the impact this technology will eventually have. The real question is when will this technology overcome the irrational "safety" concerns. We live in a society that will drive while drunk, texting, vloging, eating, road raging etc, and we are scared of robots driving. I'm optimistic we will eventually overcome that fear.
- AI has a lot of implementation possibilities and Google has a great AI platform and existing market share that they can leverage to monitize it.
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