One of his top holdings. Not expensive. 24x earnings for 20-25% growth. Will benefit from long-term secular trend of more digital ads. Regulatory risks won't have a meaningful impact on earnings. If he had to choose between this and Google, he'd choose FB by a hair.

Revenue growth will continue to be strong. Will benefit from more and more digital advertising. If he had to choose this or Facebook, he'd choose FB, but it's close.

A strong one. Vanguard and iShares also have offerings. EM can benefit going forward. One of prime beneficiaries of a Covid recovery, steepening interest rates, and a Biden presidency. Allocate more capital to this space.

Holds some office, some apartments. Some of those areas will be challenged. Try well-positioned retail REITs, ones where vacancies are low, or logistic warehouse-type REITs.

Has done well from the e-commerce push through the pandemic. But now it's fallen off a bit. Going forward, as business activity normalizes, revenues should push higher. Long-term, e-commerce is part of life and Fedex will continue to do well. Dip is a chance to buy.

Stock's underperformed for a while. Prefers Costco to all the food retailers. Not a big buyer of consumer staples right now. In a recovery, you want to focus on cyclicals. Covid costs have hit grocery stores.

Stock's responding to news of new CEO. But, stock has underperformed. Manufacturing challenges, increased competition. Revenue growth seems flat. He owns Nvidia and Taiwan Semiconductor, so you could look at those.

Likes it. Stock has moved sideways. Live sports coming back should increase ad revenues again. Long-term, wireless market will continue to be strong. Likes it for the dividend and transition to 5G. Yield is 6% and should grow by 4-5%.

Down about 30%. Buying opportunity. Long-term secular e-commerce growth. Middle class growth provides a runway of increased earnings. Trading at 20x earnings for 20% growth. No dividend. (Analysts’ price target is $331.03)

Premier shopping mall in the US. Unique shopping experiences. Post-Covid, the outlook is impressive. Yield is 5.99%. (Analysts’ price target is $96.47)

Outlook on banks has become quite bullish. Vaccine rollout, fiscal stimulus, steepening yield curve. Loan demand should climb, and loan defaults should shrink. Should see more share buybacks and higher dividends. Trades below tangible book value. New management is focusing on moving past legal troubles. Yield is 1.18%. (Analysts’ price target is $35.27)

The last few weeks have been very eventful. There has been a decline in US political uncertainty and promising results from vaccines. There has been targeted lockdowns across the world as well. Looking further out, vaccines are coming and this will help the economy return to something like normal. Logistics will still be a problem short term.

Tech and communication, and consumer stocks remain the heaviest sectors invested. Cyclical stocks have done well too. He is starting to add back to normal stocks into the portfolio. Still overweighting the tech space.

The company hopes to increase the value by 10 fold in 20 years. On an annualized basis, it is a 12% return on investment. It is attainable for electronic payment companies. The industry only surpassed cash a couple years ago. Still a lot of growth. Currently trading at 39x earnings which is hefty.