Recent Buys

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 40 shares of Frontline (FRO) on 6/7/16 for $ 9.78 per share

Purchased 10 shares of Kinder Morgan (KMI) on 6/8/16 for $ 18.16 per share

Purchased 30 shares of Chimera (CIM) on 6/14/16 for $ 15.48 per share

Purchased 10 shares of Health Care Partners (HCP) on 6/22/16 for $ 34.22 per share

I have to be honest I am really proud of these four purchases above, they were all purchased from the money I earned from Electro Rent (ELRC). Back in June ELRC had a buyout so I sold the shares and made a $200+ profit along with the initial investment of $1,110.

I decided to add 40 more shares of FRO, because I like the outlook of tankers for the next year. I also had to buy KMI on the dip and it has been treating us pretty well as of today and I think it will generate lots of money in the next few years. For CIM I decided to add 30 more shares, because the dividend will stay stable for the next year along with it paying us $70+ into the account to buy better companies in the future. As for HCP you can never go wrong with adding more shares to boost your income in the future, as they have recently paid out $17 in the month of August.

Hopefully the DOW for the next 4 months can stay strong, but if not I will be ready for the next dip. Remember always allow your Money to work for you instead of you working for it!

Work Hard or Work Smart?

Full Disclosure: Long FRO,KMI,CIM, and HCP

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5 thoughts on “Recent Buys

  1. I like the KMI purchase even though I closed my position after the dividend cut last year. I keep wanting to get back into the business as an investment but I still haven’t gotten over my distrust of management. The dividend cut left a really bitter taste in my mouth although I completely agreed with the decision.

    I don’t follow CIM or FRO so I can’t speak too much about those. Interesting that you’re buying HCP only because I’m tempted to sell. I don’t want any piece of the spinoff company because that’s going to be a mess and take years to work through and still be a mess, at least in my opinion. Plus management hasn’t been all that straightforward with the expected dividend policies which makes me think that HCP will be losing it’s dividend streak and Aristocrat status.

    1. Hey JC,
      Yea I decided to keep KMI only because I see the dividend coming back long term and they are a good stable business long term. As far as HCP goes I still like the business and I am young enough to ride this one through, not really dependent on the dividend for another 10+ years.

      Hopefully things shake out fine for HCP and KMI look term but I feel like we will find out sooner than later! Thanks for stopping by.

      DM

    1. DH,
      That’s my fault it was a typo. The real price at the time was 15.48 and yes you are correct CIM has performed a lot better since the RS. It has really surprised me the past 18 months.

      Thanks for catching that for me. haha
      DM

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