The Long Investor

$GOOG TOP 20 - 5 YEAR PROJECTION -

Added 2024-01-07 12:43:21 +0000 UTC

5 Year projections are very important for us Long Term Investors, especially for a company like $GOOG, where many would build their portfolios around a company like this.

I said for the whole of 2023, it is important have a Mega Cap at the centre of your portfolio and recommended doing this over buying the $SPY or $QQQ, although all Mega Caps and the market performed incredibly for 2023, the Mega Caps outperformed by about 20% more. A simple decision like this can drastically help your overall portfolio.

I went with $AMZN but many bought $TSLA, $AAPL, $MSFT and $NVDA.

$GOOG is a giant and its moat is unparalleled, I would like to see them expand on the hardware front over the next few years but their fundamentals are one of the best out of the Mega Caps.

So looking at their 5 year projection, this 5 year projection is Wave 3 for me and I am showing the 5 Subwaves for Wave 3 here.

Where Subwave 1 completes is the only variable here for me, it could complete at the previous high at $152 or extend a little further and then pull back for Subwave 2.

Either way, where Subwave 2 ends, this is an excellent opportunity to add heavily into $GOOG for a long term hold.

So we are looking at the second half of 2024 for Subwave 2 to complete.