Would you recommend selling or holding BRK.B stock for the long-term investment?
Asked 4 years ago
I bought a position on Brk. B at 188 $ (buffets company) because I thought it was a secure play since he is so great and everything. But, woe betide me, I am currently sitting at an 8% loss. (I've had it for a month) Since I've got very little money in my account, I want to utilize the funds for other short-term trades that will be more profitable. Would you recommend selling or holding BRK.B for the long term? What would you do?
Andrew Moran
Wednesday, July 28, 2021
Berkshire Hathaway Inc. Class B (BRK.B) is certainly a stock you would hold as a long-term investment. This is one of those investments that I would never sell until I hit retirement.
You bought in at a great price since it is now trading at a record high of about $280. So, I'm unsure how you are sitting at a loss.
I would also build my position by purchasing the dips, which could happen anytime since a steep correction is likely in the books.
Suffice it to say, hold BRK.B for the rest of your life! It might not pay a dividends, but it is a well-run investment fund.
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