Minuk's Musings and Formula 1
Richard Minuk - Feb 02, 2024
If you’re a Formula 1 fan like me, you probably already know that 7X World Champion, Lewis Hamilton of team Mercedes, announced this week that he has signed with Ferrari for the 2025 season.
Formula 1 has exploded in popularity since Netflix released the docuseries called Drive to Survive on March 8, 2019. Just like an F-1 race, Netflix stock has been on a wild ride but managed to pull off a 62% total return since the launch of the series.
Now if you want to invest more directly in Formula 1, there is the Formula One Group stock (FWONK) which is a tracking stock according to Yahoo Finance. This means it aims to follows the performance of the Formula 1 division of Liberty Media. It is a relatively new investment and performance so far has been stuck in “NEUTRAL”.
Or maybe you want to look at an investment with a longer “TRACK” record. Lewis Hamilton will be leaving Mercedes, ticker MBG.
His new team (2025), Ferrari, is a company with the most on-point stock symbol I’ve ever seen, RACE.
RACE is up a whopping 672% since it began trading in 2015.
The next season of Drive to Survive is out on February 23rd .
As always, please reach out if I can be of assistance.
Hope you enjoy your weekend.
Rich
Investment Advisor