Liquidated HOG, Bought more FB
Yesterday I sold all my 7,156 shares in Harley Davidson for $46.93 each, total $335,831 (£253,015). My reason for selling is that in the long term HOG faces a headwind in the form of battery technology and self-driving cars. In 15-20 years most people will not buy cars and instead be driven around in a self-driving taxi. Some people buy Harleys because they enjoy riding and want to be seen riding, but others will give up their Harley for a robot-chauffeured commute to work. In addition, in 30-40 years it's conceivable that petrol-engined vehicles will be banned in some large countries (although probably not USA).
Yesterday I also purchased an additional 1,680 shares in Facebook at $179.61 each - total $301,744.80 (£227,455). See previous post for reasons.
Yesterday I also purchased an additional 1,680 shares in Facebook at $179.61 each - total $301,744.80 (£227,455). See previous post for reasons.
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