Once again every dollar working on my behalf means my family will have to worry about less in the future. Since money doesn’t sleep, get tired, or get sick (unlike humans) I’d rather my money work for me rather than the other way around.
It feels really good to be in a position to continue to put fresh capital to work. Anyone can look at the stock market like any other market or store. It offers a lot of merchandise, some expensive, some cheap. In the end it’s up to the individual to pick what’s best for them!
Purchased 20 shares of Bank of America (BAC) on 2/22/16 for $ 12.45 per share
Purchased 10 shares of Kinder Morgan (KMI) on 2/22/16 for $ 17.84 per share
Purchased 100 shares of Chimera (CIM) on 3/10/16 for $ 13.95 per share
Purchased 10 shares of Kinder Morgan (KMI) on 4/1/16 for $ 17.38 per share
I have continued to add to my position to Kinder Morgan and have averaged the price down to the low 20’s. I also have decided to add a new position with Bank of America which I believe will be a great asset moving forward.
Since Chimera decided to give a special dividend out in March and would be paying out their regular dividend in April I decided with much thought to go ahead and purchase 100 shares of Chimera! Since acquiring more shares I have decided not to reinvest the dividend back into Chimera but to allow the money to be deposited back into the account so I can hunt for better bargains that are in the market.
-Live Long & Prosper
Full Disclosure: Long BAC, KMI, and CIM