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Google (NASDAQ:GOOG) is one of my core portfolio holdings; the largest, in fact, by weighting. I’ve been holding the stock since the 2022 tech bear market, and I plan on staying put. Although the stock is fairly richly valued now, it is not so expensive that it is an obvious sell. I sold my Apple shares when that company was at 30 times earnings and not growing. Google is at 26 times earnings and still growing at a rapid pace – I think I’ll stay put.
The latest big news from Google was the company’s fresh new dividend. At $0.20 per share, it yields just 0.12%. Nevertheless, the mere fact of a dividend was greeted with applause from long-time shareholders when it was announced.
Still, I don’t see Google as the most attractive place to deploy capital into today. It is the highest-quality business I know of, but it is expensive enough that I don’t really feel like running out…
