The stock market looks pretty gloomy. When I open up my investment accounts, yes…it hurts. But still, I keep calm and invest on 🙂
I love Netflix, so much 🙂 But I recently just sold the stock. Why? They’ve created some great original content, true. The price they paid? HIGH. In order to make money, you must spend money. Valid, true. But, I have a feeling it has the same fate as Snapchat. A much bigger and more profitable company will outrank you. All of Snaps original features, Facebook took them and made them even better. I personally can’t stand Facebook and I hate that they took over Instagram. Facts are, big fish will always eat the little fish. But who knows, Netflix has room to expand and grow in other countries. They can easily hike up their prices for more cash flow. Or create a great movie and put it in theaters first. It’s just a little too risky for me.
I have a couple of new stocks I’d like to add to my portfolio.
I have my eye on Disney currently. They have been working on becoming your go-to for media streaming. Disney is a BIG FISH. They’ve been around for a long time and have continued to evolve with the times. They are going to move all their movies off Netflix and of course, start adding Disney created content to their platform. Netflix is in the red. Sure they have periods of upside…but Disney overall is a strong company. Continue reading “Buy The Dip”