I have run out of words to describe what a good investment owning shares in Google has been. Yes, really. This company is amazing. They were out with quarterly results again on Tuesday night and they really delivered superlative numbers. The stock price went up 10% at one point on Wednesday. They now trade above $2 000 a share.
Ok, so everybody knows what they do, right? Their main search engine delivers paid clicks. There is also YouTube, Google Maps, cloud hosting, Gmail and whatnot. It's an advertising business. As commerce continues to move online, they connect shoppers and customers with suppliers and service providers.
I like the fact that Google was only founded in 1998. That was the year that Larry Page and Sergey Brin invented their search algorithm when they were still just students at Stanford. I remember using the site for the first time that year and being amazed by how well it worked. I have used it hundreds of times every day since then.
They listed the company on the Nasdaq in 2004. Now it's worth $1.4 trillion. The current CEO, Sundar Pichai, took the top job in 2015. He's such a talented fellow.
Honestly, you just have to own Google shares in your investment portfolio. If you don't, please e-mail me so that we can fix that today.
http://www.vestact.com/images/google_paid_feb_21.png