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warren buffet investments - warren buffet advice 2016
|warren buffett investments - warren buffet advice|
After three more days of buying, Warren Buffett's Phillips 66 shopping spree is nearing a billion dollars for the year.
In a new filing, Buffett's Berkshire Hathaway reveals that on Monday, Tuesday and Wednesday of this week the company purchased another 1.7 million shares of the energy giant for almost $132 million.
Over 15 days of buying since Jan. 4, Berkshire has spent $964 million to add 12.5 million shares to its Phillips 66 stake.
The new purchases were made between $77.40 and $78.53. Average price paid overall for the January and February buys is $77.13.
At midday Thursday, PSX was up 1.8 percent to $80.56, giving Berkshire a very short-term profit on paper from the new shares of almost $43 million
Berkshire's 74 million-share stake is now worth $5.9 billion and represents around 14 percent of the company's outstanding shares. (You can follow the market value of this stake, and Berkshire's other publicly disclosed holdings, with the Berkshire Hathaway Portfolio Tracker.)
warren buffet advice, or any warren investment tips should not probably be taken lightly. I mean love or hate the guy, he has has some amazing success over his life as an investor right!? So take it with a grain of salt, no matter what, its always a good idea to follow what this man is doing once a year, especially on a year like this year when the market is slumping down a bit.
The man always seems to be taking the wrong action from time to time, meaning when most people are panicking, and selling, he comes along and buys, and then months later it seems the novice investors sold too early, and he is sitting on the chair laughing and smiling all the way to the bank, screaming I TOLD YOU SO!, LOL.
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