It’s known colloquially as the Midas touch. That’s what Warren Buffett used to turn a $150,000 investment in 1971 into $11 million. In this case, the investment was made in a beach house in Laguna Beach, California.
Buffett, who is famous for his buy-and-hold-almost-forever investing style, paid the equivalent of $900,000 in 2017 dollars for the six-bedroom, six-and-a-half bath house, but even that’s a return of more than 1,000% over 46 years.
Buffett and his first wife bought the house primarily because she liked it. At the time, Laguna Beach was not the up-scale enclave it is currently, but it had potential, as they say. He told The Wall Street Journal that he is selling it now because his family no longer uses it much since his first wife’s death in 2004.
Lisa Mandell at Realtor.com examined both the purchase and the sale of Buffett’s beach house for some tips on a winning investment strategy.
Listen only to those you know and trust
Clearly the first Mrs. Buffett had an eye for a good buy and Mr. Buffett is not likely to have married a fool. Her recommendation was all that was necessary.
Top 5 Warren Buffett Stocks To Buy For 2019: Nuveen Massachusetts Premium Income Municipal Fund(NMT)
Advisors' Opinion:- [By Joseph Griffin]
News articles about Nuveen Massachusetts Pre Income Mun Fd (NYSE:NMT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nuveen Massachusetts Pre Income Mun Fd earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 47.5987310031013 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Top 5 Warren Buffett Stocks To Buy For 2019: VOC Energy Trust(VOC)
Advisors' Opinion:- [By Shane Hupp]
Deutsche Bank AG reduced its position in VOC Energy Trust (NYSE:VOC) by 64.5% in the 4th quarter, Holdings Channel reports. The firm owned 19,000 shares of the oil and gas producer’s stock after selling 34,500 shares during the period. Deutsche Bank AG’s holdings in VOC Energy Trust were worth $112,000 as of its most recent filing with the SEC.
Top 5 Warren Buffett Stocks To Buy For 2019: National Health Investors, Inc.(NHI)
Advisors' Opinion:- [By Ethan Ryder]
Get a free copy of the Zacks research report on National Health Investors (NHI)
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- [By Stephan Byrd]
Shares of National Health Investors, Inc. (NYSE:NHI) have received a consensus rating of “Hold” from the thirteen analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $71.43.
- [By Shane Hupp]
Virginia Retirement Systems ET AL lifted its position in shares of National Health Investors, Inc. (NYSE:NHI) by 10.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,300 shares of the real estate investment trust’s stock after acquiring an additional 10,700 shares during the period. Virginia Retirement Systems ET AL owned approximately 0.28% of National Health Investors worth $7,826,000 as of its most recent filing with the Securities & Exchange Commission.
- [By Shane Hupp]
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Top 5 Warren Buffett Stocks To Buy For 2019: La-Z-Boy Incorporated(LZB)
Advisors' Opinion:- [By Shane Hupp]
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- [By Logan Wallace]
Get a free copy of the Zacks research report on La-Z-Boy (LZB)
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- [By Joseph Griffin]
Get a free copy of the Zacks research report on La-Z-Boy (LZB)
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- [By Garrett Baldwin]
According to Money Morning Capital Wave Strategist Shah Gilani, we shouldn't be surprised. Here's what you need to know to stay out ahead of the next major crash.
Three Stocks to Watch Today: ORCL, FDX, GME Oracle Corp. (NYSE: ORCL) will lead a slim roster of earnings reports on Tuesday. Wall Street anticipates that the cloud computing giant will report earnings per share (EPS) of $0.94 on top of $11.20 billion in revenue. FedEx Corp. (NYSE: FDX) will report earnings after the bell. Wall Street anticipates that the shipping giant will report EPS of $5.71 on top of $17.19 billion in revenue. But forget the earnings report. As we noted this week, a major standoff is about to push FDX stock through the roof. Learn more about this huge profit potential. Shares of GameStop Corp. (NYSE: GME) will look to continue their momentum thanks to buyout interest. Multiple media outlets report that private equity companies are exploring potential deals that would take the video game retailer private in the near future. Shares of the Texas-based firm gained nearly 9% yesterday. According to Reuters, Sycamore Partners is one of the firms interested in a potential takeover. Look for an additional earnings report from La-Z-Boy Inc. (NYSE: LZB). The average analyst projection calls for EPS of $0.64 on top of $426.75 million in revenue.Follow Money Morning on Twitter, Facebook, and LinkedIn.
- [By Shane Hupp]
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Top 5 Warren Buffett Stocks To Buy For 2019: Jagged Peak Energy Inc. (JAG)
Advisors' Opinion:- [By Max Byerly]
Jagged Peak Energy (NYSE:JAG) has been assigned a $16.00 target price by equities researchers at BMO Capital Markets in a report released on Sunday. The firm currently has a “buy” rating on the mining company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 11.50% from the stock’s current price.
- [By Motley Fool Staff]
JAGGED PEAK ENERGY INC. (NYSE:JAG) Q1 2018 Earnings Conference CallMay. 11, 2018 11:00 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Lisa Levin]
Companies Reporting After The Bell NVIDIA Corporation (NASDAQ: NVDA) is estimated to post quarterly earnings at $1.45 per share on revenue of $2.89 billion. News Corporation (NASDAQ: NWSA) is projected to post quarterly earnings at $0.07 per share on revenue of $1.99 billion. Symantec Corporation (NASDAQ: SYMC) is estimated to post quarterly earnings at $0.39 per share on revenue of $1.19 billion. Pilgrim's Pride Corporation (NASDAQ: PPC) is projected to post quarterly earnings at $0.54 per share on revenue of $2.65 billion. Hawaiian Electric Industries, Inc. (NYSE: HE) is expected to post quarterly earnings at $0.38 per share on revenue of $556.81 million. Air Lease Corporation (NYSE: AL) is estimated to post quarterly earnings at $1.01 per share on revenue of $383.37 million. Flowserve Corporation (NYSE: FLS) is expected to post quarterly earnings at $0.27 per share on revenue of $880.89 million. Civitas Solutions, Inc. (NYSE: CIVI) is projected to post quarterly earnings at $0.12 per share on revenue of $396.25 million. The Trade Desk, Inc. (NASDAQ: TTD) is estimated to post quarterly earnings at $0.1 per share on revenue of $73.23 million. Amdocs Limited (NYSE: DOX) is projected to post quarterly earnings at $0.95 per share on revenue of $980.50 million. Yelp Inc. (NYSE: YELP) is estimated to post quarterly loss at $0.04 per share on revenue of $220.14 million. Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) is expected to post quarterly earnings at $0.43 per share on revenue of $210.01 million. TiVo Corporation (NASDAQ: TIVO) is projected to post quarterly earnings at $0.37 per share on revenue of $198.62 million. Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) is expected to post quarterly earnings at $0.17 per share on revenue of $153.87 million. Uniti Group Inc. (NASDAQ: UNIT) is estimated to post quarterly earnings at $0.01 per share on revenue of $247.16 million. Jagged Peak En - [By Ethan Ryder]
Royal Dutch Shell plc ADR Class A (NYSE: RDS.A) and Jagged Peak Energy (NYSE:JAG) are both oils/energy companies, but which is the better stock? We will compare the two companies based on the strength of their risk, analyst recommendations, dividends, institutional ownership, earnings, valuation and profitability.
- [By Max Byerly]
Get a free copy of the Zacks research report on Jagged Peak Energy (JAG)
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- [By Stephan Byrd]
Jagged Peak Energy (NYSE:JAG) had its target price increased by equities researchers at Credit Suisse Group from $15.00 to $16.00 in a report released on Friday. The brokerage presently has a “neutral” rating on the mining company’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 10.34% from the stock’s previous close.
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