Recent Buy – GOOGL

BuySell

A quick update on a recent purchases in Baby R2R’s portfolio from last week.

Frequent readers may be aware that in addition to the education fund, I run a Nest Egg fund for Baby R2R where I earmark a portion of my portfolio and track it as part of her Nest Egg.

In early 2019, I had bought BCE Inc (BCE.TO) and added that to Baby R2R’s portfolio, but I have decided to reverse that call as I don’t see much growth in that stock going forward. I want to hold stocks for her that have a better growth profile over the next 20 years and have a good reinvestment in the business rather than focused on dividend payouts. I have not sold the BCE shares, and continue to hold them in my portfolio.

With the above goal in mind, I have decided to add Alphabet Inc (GOOGL) to her portfolio. I was able to initiate a position @ $1,430.00.

Full Disclosure: Long BCE, GOOGL. Our full list of holdings is available here.

The Real Winners of In-Car Entertainment

We are on the verge of in-car entertainment (ICE) going mainstream. Apple (AAPL) recently announced the release of CarPlay, its iOS vehicle integration at the Geneva International Motor Show, which allows an iPhone to take over the in-dash display of the car, providing Siri voice controlled access to aspects such as navigation, phone functions, messages and music. CarPlay will be first accessible from manufacturers such as Ferrari, Mercedes-Benz and Volvo, and is slated to release for other car manufacturers later this year.

Google (GOOG) has announced that it is forming partnership with Audi, GM (GM), Honda (HMC), Hyundai and chipmaker Nvidia (NVDA) called an Open Automotive Alliance. The alliance is aimed at developing ways of integrating the search engine giant’s Android operating system into cars to make driving “safer, easier and more enjoyable for everyone.”

To read the full article, click here.