i just Sold all Airline Stock and here is why

So in 2020 I bought 609 shares of delta for an average price of 22.19, that’s below the 52 weeks that you always see. And I made that video when everyone including Warren Buffet was saying that he was going to sell it and he closed down shop.

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1. Why I bought delta
– I knew that it was maybe the first time in modern history we experience a pandemic, but I knew it wasn’t going to shut down the entire travel industry for the next decade
– I also knew that airlines are capable of operating while going through bankruptcies and trying to pay the money back
– I understood that delta was a great company being ran by a great CEO ( so I had confidence in the business )

However:
– It turns out that one of the reasons for warren buffet selling
– Was to make room for the government to help the airlines out
– Because imagine he held on, the airline would have probably been forced to look to him for help ( which very interesting )

2. Why I’m selling and why I was wrong
– Airlines are business that barely actually make money
– And it’s a business that most business people try to stay away from
– Because the return per $1 invested isn’t that great ( so its not a business I want to hold on to for the long term )

However, that’s all:
– A big part is that currently, I’m working towards financial freedom first, to then focus all abilities in picking stocks later in 1-2 years once I’m married and have a paid-off home
– It’s something I learned from peter lynch
– And if I’m not going to actually analyze the business and stay on top of it, then my investments turn into a gamble

3. What will I do with the money ( this is where I start to sell )
– Will use this money to add it to my buy a home fund
– With this cash, I can for sure buy a home and pay off in full by the end off 2023 latest
– I still have around 323k invested into index funds and ETFs ( so don’t think, I’ve stopped investing )

A goal I want to share with you guys:
– I will start read and devore everything within the stock market sector
– And this year you will hear telling you about investments that would invest into
– But until 2022 I’m not going to be picking stocks

Quote: Remember gains on paper are not real gains until you actually take them.
– One bird in the hand is better than 2 birds in the bush

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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