Added Alphabet Inc. (NASDAQ:GOOGL)

 

The share price of Alphabet Inc. (NASDAQ:GOOGL) remained weak today and tanked more than 20% since beginning of the year.

This is in lieu of its Q2 2022 quarterly earnings to be announced at 2pm Pacific Time today. Analysts forecast an earnings per share of $1.14 vs $1.36 in Q2 2021.

I stick to my plan and added 20 shares of Alphabet Inc. at $106.30.

Having 4 shares from pre-split, I now own 100 shares of Alphabet Inc.

This is for long-term investment with horizon of at least 5 to 10 years.

I will also be able to collect premiums from selling call option on these 100 shares, which is the minimum lot for an option contract.

I have previously shared on the 8 reasons Why I Invested in Alphabet Inc.

Monopoly dominance, exponential growth, ever-growing share price, strong moat, stock split, resilience, below intrinsic value make this Mega Tech stock a no brainer to own for the long-term.

In the short-term, the share price of Alphabet Inc. will remain volatile and subjected to further weakness due to noises of stagnated growth, losing market share to Tik Tok, lawsuits, interest rate hikes, recession fears, Ukraine war impact, inverted yield curve and so on.

In its monopolistic business, I believe its share price will grow by at least 20% annually, surpassing US$300 per share in 5 years and US$1000 per share in 10 years.

Thanks for reading. Invest safe and remain focused as always. 

With love & peace, 

Qiongster