NVDA
NVIDIA
-- 105.918 TSLA
Tesla
-- 255.164 PLTR
Palantir
-- 83.448 AMZN
Amazon
-- 188.670 GOOG
Alphabet-C
-- 155.450 
Post #8 - stock performance: Magnum, June/ July 2024
Why did I add this this stock to my portfolio? 1) consistent dividend 2) long term growth prospects once illegal betting gets eliminated 3) betting trend doesn't seem to be going down. There is always risks associated with taxes and regulatory factors. So it's a bet (pun intended).
What is your view on such stocks?
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SuperNoobPaPa : It’s not a bad choice. But don’t expect astronomical share price growth in this stock. Because it is regulated, the growth is limited. The government will not increase the number of outlets, number of draw day or new games. The only upside is additional special draw day a year. But the downside is always there ie potential of higher tax or duties to gaming revenue.
And younger generation no longer punts. They spend on gaming apps, instead. So, where is the growth?
CNNT OP : I'm hoping at some point, they can overcome regulatory barriers and move part of their business online to take back some market shares from the online players which are not local companies, and do not pay into local taxes. This one is really a bet for me.