Three Stocks Billionaires Are Investing in Right Now
They spot trends ahead of the crowd, have many, many ears to the ground, see inefficiencies in the market and use their talents to spot undervalued opportunities…
Billionaires are movers and shakers who can make things happen in the market and the world.
Their moves should not be taken lightly.
Sure, they have the money to make a bunch of bad moves and still come out ahead. But you don’t become mega-wealthy by doing that over and over. That’s usually reserved for those who inherit their wealth, not earn it.
So when these big guns make big moves, I pay attention, and so should you.
Three billionaires are buying three stocks right now, and you should join them…
Billionaire No. 1: Warren Buffett
You don’t get much bigger than Buffett, and he is adding a monstrous quantity of Bank of America (NYSE: BAC) to his holdings at Berkshire Hathaway.
How much?
Well, Bank of America is now his biggest bank holding, and he just added another 69 million shares. That’s more than $1.2 BILLION worth of shares that he’s bought on the open market in just the past two weeks.
Buffett knows the bank is trading at a discount to book value, and that is when he buys big. Book value refers to the actual value of the company after it liquidates its assets and pays back its liabilities.
Billionaire No. 2: Richard Kinder
The namesake executive chairman of Kinder Morgan (NYSE: KMI), the mega pipeline operator, is buying back his own stock like it’s going out of style. Look at this table and you’ll see that Kinder has bought more than 4.4 million shares in 2019 and 2020.
He likes the pipeline business. It’s a toll business, and he gets paid regardless of the price of oil or gas.
Of course, if less is transported, he gets less. But he’s obviously looking past the downturn and toward a recovery, and he’s happy to collect a fat 7% dividend while he waits.
Billionaire No. 3: Stephen Luczo
And finally, there’s Stephen Luczo, chairman of the board of Seagate.
He’s buying shares of telecom giant AT&T (NYSE: T), where he sits on the board of directors.
He’s also collecting a hefty dividend of 7% while watching this giant take strides forward in telecom and entertainment. Meanwhile, AT&T is steadily paying down its debt thanks to the massive cash flow it generates each year.