A little thank you to Warren Buffet

[Discuss Thrower]

If you beat inflation, it's always a win.

[Chief_For_Life58]

Originally Posted by Rain Man

On December 21st I was looking for a stock to buy with some extra cash, and I liked Heinz, the ketchup company. It's pretty stable and pays a nice dividend, and I've really liked dividend stocks the past few years. So I bought $5,000 worth. It's gone up a couple of percent over the last couple of months, and I've been good with that since that's a very good annualized return so far.

Today it was announced the Berkshire Hathaway is buying Heinz. The stock is up 20% today. Blammo. I sold out my initial $5,000 worth, left the profit in, and I now have $1,200 of free Heinz ketchup stock for two months of investment.

God, I love America.

[Rain Man]

Originally Posted by Chief_For_Life58

Warren is good to me. The Heinz thing happened two years ago, and Warren just bought my stock in Precision Castparts a few months ago, giving them a 20% boost. I like Warren.

[Hog's Gone Fishin]

Originally Posted by Rain Man

Warren is good to me. The Heinz thing happened two years ago, and Warren just bought my stock in Precision Castparts a few months ago, giving them a 20% boost. I like Warren.

I'm impressed. You are buying stocks before Warren Buffet jumps in. So does this mean Warren is following you ? Please let me know your next stock purchase promptly.

What about steel stocks . I carried a load of scrap steel off the other day and virtually had to give it away so I got to looking and steel stocks are way way down. they're at bottom. I thought about throwing 5000 at one. Maybe US steel (x) ticker symbol.

Can you check with Warren and see what he thinks ?