Buffett Just Bought More Of This 5G Stock And Has $9 Billion Invested In It Now

Want to know which stock Warren Buffett has been buying? Looking to follow in the footsteps of arguably the greatest investor ever? Like the idea of collecting a market-smashing dividend on top of that? Then you have to check out today's video.

What can be said about Warren Buffett that hasn't already been said? He built a fortune of over $100 billion purely through investing - and that's after donating almost $40 billion to charitable causes over the years.

His compound annual rate of return of 20% since 1965 is stratospheric. Suffice it to say, he knows a thing or two about investing. And when he's busy buying up a stock, it makes sense to at least take a look. That's what today's video is all about.

I want to share with you a stock that Warren Buffett has been busy buying up during the first quarter of this year. He's got about $9 billion wrapped up in this investment, so you know he has some confidence in it.

The stock in question is Verizon Communications (VZ).

Verizon is a telecommunications behemoth with a market cap of $235 billion.

Warren Buffett clearly likes what he sees with Verizon. He picked up approximately 12.1 million Verizon shares in the first quarter of this year, adding to a position that now stands at approximately 158.8 million shares within the common stock portfolio he oversees for Berkshire Hathaway.

That position has a market value of about $9 billion at today's price.

It's not hard to see what Buffett likes about this.

Verizon provides a ubiquitous service. Try living without your smartphone for a day. Exactly. It almost can't be done. I would say that people view mobile communications and data to be about as important as electricity these days. It's gotten to that point. The ubiquity is, of course, nice, but there's more to like here.

Verizon is at the forefront of 5G.

5G promises to bring about a revolutionary change in the way people access and use the Internet. We're not talking about just significantly faster speeds - although that's nice. We're talking AI, the Internet of Things, AR, VR, autonomous machines, etc.

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Disclaimer: Please consult with a licensed investment professional before investing any of your money. Never invest in a security or idea featured on this channel unless you can afford to lose ...

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