I was tossing up between Netflix and Disney to purchase as a media/streaming company. I think both could fit as a candidate but decided to buy a little Disney.
Other than being fascinated by the 'magical world of Disney' and all its characters ever since a kid, I have no involvement or emotional attachment to it, so that's an investment that can be left alone for the long term...
Also, the company has many branches for income generation such as Disney/Hulu streaming, Disney parks and resorts etc. I understand the Parks and resorts being closed during the lockdowns and price tanking in 2020. But having overshot up with the recovery, it's back near the VFC lows.
Back years ago, I wanted to buy some Netflix shares as they were becoming the dominant streaming service around the world including Australia but didn't have a US investing account. In fact, they bankrupted a small DVD rental / streaming asx listed company called Quickflix of which I held some shares and lost the lot ! Therefore, I didn't purchase Netflix today as this portfolio is directed towards long-term investing and not revenge trading.
