Illustration of Facebook mobile interface (Photo credit: Wikipedia)
Facebook (Nasdaq: FB) stock was a joke a year ago. A punchline to a bad IPO joke. But if you’ve been paying attention, the stock has been on a nice climb. And this time, it feels real.
The early problem with FB was everybody used it but nobody bought anything off it. It was simply a public diary for anyone who wanted to share any tidbit of their life with a world of real and wannabe friends. Their sponsored ads were useless. No one clicked.
Today, it’s a different story. The ads are working, they are more integrated into the feed and individuals as well as corporations are figuring out how to make money off Facebook. And when you start making money, your stock starts rising.
I think FB has a long run ahead of it. It’s still early but if the latest earnings are any indication, this stock is no longer the butt of a joke but those who miss out on its relative low price now, may find the joke’s on them.
I just bought some today just in case you are wondering. I also bought a little way back in the day when it was ground down to around 20. I didn’t lose faith, I just waited for them to grow up a little before I threw any more money at it.
Please remember that I don’t recommend what you should do in the stock market. My goal is to give you the common sense philosophy behind my picks. Use your commonsense to build your portfolio!
Nederlands: Linked In icon (Photo credit: Wikipedia)
I bought LinkedIn (Nasdaq: LNKD) the first time six months ago and have been buying since and telling everyone I know. Yeah, it’s not as cheap as it used to be but it’s still affordable. I remember feeling that way about Priceline (Nasdaq: PCLN) a year ago when I should have bought it and now it’s completely out of reach. I’m not planning to miss out again. LinkedIn is another stock that has a long way to run.
You can read P/E ratios and all the financial data on Yahoo so I won’t bother wasting my blog on that. What I want you to understand is why LinkedIn is such a game changer. It’s become the de facto way that working people connect. Facebook (Nasdaq: FB) is for play time, LinkedIn is for your career. If you have a LinkedIn profile, you know that everyone is rushing to “endorse” everyone else’s job skills in the hopes that the feeling (and actions) will be mutual. I also know who is checking out my resume, who is looking for workers and who in my network might be able to give me the inside scoop on a given company or employee.
LinkedIn is the first step in being a serious professional on the web. Build your profile, then connect to your contacts. Pretty soon, you’ve got a really valuable job finding, company searching and contact making universe. And that’s why LinkedIn has been flying high. It’s the Priceline of the job world. Don’t wait till it’s at 300 when you could buy it in the low 200s today. Buy 10 shares if that is all you can afford. If it dips, buy more. If it goes up, consider yourself in the know.
That’s my current hot pick. And Mama’s sticking to it.