Facebook shares

MPN

StellaN wrote: »

Yes, its just outside at number 11 but I would be more worried with holding Tesla at number 4 at 6.1% of the fund. Going back to Facebook, not great timing for Terry Smith/Fundsmith having bought into Facebook just last month but as we all know nobody can time the market. We will all have to wait and see what further ramifications or damage this will do to Facebook in the long haul.

In fairness, there are quite a lot of good quality global funds that hold Facebook so it will impact them all, but maybe Fundsmith are a little bit late to the party...

economic

To the OP - whilst you should do your research, i manage mine and my parents money and i own the following which i think are great long term buys:

safestore
fevertree
amazon
jp morgan
microsoft
cisco systems

I own many more then this but the above imo are the best in my portfolio.

Reaper

It's a rookie error to think a price drop automatically means it is cheaper than before. In this case the market is concerned Facebook may be prosecuted for breaking laws.

Facebook could be on the hook for $40,000 per person affected - as much as $2 trillion - if the FTC comes to the conclusion the website broke that agreement.

Source: The Register

It may also have restrictions placed on its use of data which would impact its profits.

On the other hand it might all blow over. I don't know about you but I don't know enough to make that judgement call.

eskbanker

Reaper wrote: »

It's a rookie error to think a price drop automatically means it is cheaper than before.

Surely a lower price is the dictionary definition of 'cheaper than before'?!

I'd agree that it's a rookie error to think that a price drop means it's better value (or a good time to buy) by virtue of being cheaper though....

dividendhero

Reaper wrote: »

. In this case the market is concerned Facebook may be prosecuted for breaking laws.

IMHO A bigger risk is that users will quit Facebook..anyone remember Myspace?