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