Joseph Carlson Show

I Just Invested $160,000 In This Stock

The speaker discusses their investment strategy, emphasizing the importance of buying into strong companies during dips, a practice they believe many investors fail to follow. They highlight Meta Platforms as a current example, where they have invested significantly despite the stock being in a dip, resulting in a $16,000 loss so far. The speaker details a series of purchases of Meta stock between January 29th and March 13th, ranging from $3,300 to $45,000 at various price points, continually buying as the stock price dropped. A recent 4% drop in Meta's stock price is attributed to a New York Times article reporting a delay in the rollout of Meta's new AI model, "Avocado." The article suggests Wall Street is pricing in pessimism, viewing Meta as unable to create a competitive AI model, delaying plans, and wasting billions on capital expenditure. The speaker strongly disagrees, believing the market is "clearly wrong" about Meta. They note that Meta is already their third-largest holding and could become their largest if the stock recovers slightly.