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I've known for a while that Bill Gates makes his personal investments through Cascade Investments LLC., but his trading activities still remained elusive. No, you're not reading the writings of a stalker. I'm just nursing a healthy voyeuristic interest in how the extremely affluent will invest their assets. And they simply don't come along with more wealth than the Microsoft founder. It's very true that you will become like the people you choose to surround yourself with. Having Warren Buffett as a friend must have influenced Bill's latest investment direction. Buffett has been investing in utilities for the past 5 years. The Washington Post reports that Cascade Investments LLC., Gate's personal investment vehicle, has been steadily buying up shares of PNM resources - a New Mexico utility company. They've formed a joint venture with hopes to accelerate the growth of operations while taking advantage of the deregulation of the utility industry.
Another Bill Gates investment also mentioned in the article has also seen some recent spotlight, Bill Gates is part of an ownership group that's looking to privatize the Four Seasons Hotel Inc. Bill Gates owns a substantial portion and the bidding party boasts notable partners such as Prince Alwaleed bin Talal.
Take a look at some of these names involved with Bill Gates: PNM Resources (NYSE:PNM), Pacific Ethanol (NASDAQ:PEIX), Canadian National Railway Co., Republic Services Inc. (NYSE:RSG), Grupo Televisa SA, Fisher Communications, Four Seasons Hotel Inc. (NYSE:FS), Otter Tail Corp.(NASDAQ:OTTR), Six Flags Inc. (NYSE:SIX). These are names that you simply don't hear on the lips of ordinary investors.
Besides, I'm sick of listening to news about XM Satellite (NASDAQ:XMSR) and Sirius (NASDAQ:SIRI) or Jim Cramer's lightning round picks. I'd rather stay away from those so called "hot" stocks and take a closer look at Bill's holdings. What's most interesting is his willingness to take a long-term stance with his ventures. It's making more and more sense why Buffett chose to give Bill his money.
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Reader Comments (Page 2 of 2)
11-14-2006 @ 11:42PM
DOMINIC WILSON said...
KEEP UP THE GOOD WORK THIS SITE IS WHAT US COMMON FOLK NEED PURA VIDA DOMINIC IN COSTA RICA
11-14-2006 @ 10:42PM
Kirsten said...
This is no surprise. If you had a multi-billion portfolio, heavily weighted in the tech sector you would need to diversify!! And you might want to buy something a little "safer". It should also be noted that the man is heavily invested in bonds to counterweight his stock holdings. Gee what do we keep hearing? Diversify!!! Imagine that! Bill Gates diversifies his portfolio too!!
11-15-2006 @ 5:16AM
Ronnie E. Ferguson said...
I agree with Michael Lown-Peters. It seems that no one wants to invest in the small businessman/woman anymore. I run a gift basket business and everyone helps out, even my 12 year old son. He helps with everything from mailers to stock. Mr. Peters, it is hard but I know our families will make it and I pray that your family, my family and everyone else's achieves the suceess their working for. GOD Bless!
11-22-2006 @ 9:52AM
Geo said...
Not good complete research.. Warren Buffet has billions in the Foreign Currency Exchange Market. Bill Gates in heavily into the market also.
Someone needs to do better homework in the future
11-21-2006 @ 3:14PM
Carl said...
we have recently taken our money out of a variable annuity and life insurances (which was mostly mutual funds) and moved it to fixed annuities in the S&P 500 on the advise of our "new" financial advisor--can anyone comment on whether this was actually a good move?????
11-22-2006 @ 6:14AM
Thomas L. Foote said...
While I do agree that Mr. Gates has the money to lose and play the waiting game in the market these days who did he invest with in the early days???
Himself!
He had dreams, a goal and visions of changing the way a computor worked.
Well needless to say he achieved all of the above. And since that time -a mere 20 some years everybody has been playing and investing in hi tech ventures.
Every Venture Capitol firm out there it seems wants to go that route.
But what about the low tech guys out there? Where do they turn for financial backing?
Myself being a "LOW TECH INVENTOR" with a very good & proven product that has made its way to HOME & GARDEN TELEVISION {HGTV}Is at a dead end.Venture Capitolists that want low tech products that actually do something are few and far between.
Anyone have any suggestions on where to turn??
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