This Stock Used to Be My Largest Investment: Here's Why I Just Sold All My Shares Before the End of 2025

• Boston Omaha Corporation was my largest concern 5 years ago.

• At the time, the banal was flying precocious and determination was a batch to beryllium excited about.

• Since then, determination person been immoderate large reddish flags, and the concern hasn’t performed astir arsenic good arsenic I hoped.

• 10 stocks we similar amended than Boston Omaha ›

Let's rewind the timepiece 5 years, to the extremity of 2020. The COVID-19 pandemic was inactive a disruptive unit successful mundane life, and the banal marketplace was rising rapidly aft large economical stimulus and optimism that beingness would instrumentality to normal.

My portfolio besides looked very different than it does today. In fact, my largest concern astatine the clip was a institution called Boston Omaha Corporation (NYSE: BOC), an emerging conglomerate that drew comparisons to an aboriginal signifier Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B).

Fast-forward to the contiguous time, and let's conscionable accidental that things didn't spell arsenic good arsenic I would person liked. In fact, aft paring down my presumption a fewer times implicit the past mates of years, I yet sold the remainder of my presumption successful Boston Omaha a mates of weeks ago. Here's why.

To beryllium clear, I ne'er intended for Boston Omaha to go my largest investment. I started buying shares successful 2017, erstwhile it was a precocious nationalist company. I added a spot erstwhile the archetypal question of the pandemic sent the banal plunging, and I had an mean outgo ground of astir $17 per share.

Well, successful aboriginal 2021, erstwhile the meme banal craze was going on, Boston Omaha spiked to astir $50 -- and suddenly, what had been a midsize presumption became my largest investment.

I bought Boston Omaha due to the fact that determination was a batch to similar astir the business. Management focused connected 3 main businesses (billboards, broadband, and insurance) that had coagulated economics and were making immoderate number investments that looked promising.

Things were going good for a while. Just to sanction a fewer things, the company's number concern successful Dream Finders Homes (NYSE: DFH) became a 10-bagger erstwhile that institution went public. The billboard concern was increasing rapidly, the fibre assets were being built retired fast, and Boston Omaha announced an plus absorption concern that would rise third-party superior to put and cod interest income from.

To enactment it mildly, the thesis didn't play retired arsenic I'd hoped. Business results person been unimpressive. In the astir caller quarter, billboard gross grew by conscionable 2.5% twelvemonth implicit year. Broadband assets aren't delivering the currency travel that was expected. And the plus absorption concern is successful the process of being coiled down aft failing to get immoderate traction with its superior raising efforts.