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 24 shares of Cornerstone Fund (CLM) on 7/11/16 for $ 16.85 per share
Purchased 6 shares of Cornerstone Fund (CLM) on 8/3/16 for $ 17.90 per share
Purchased 107 shares of Aberdeen Income Fund (FAX) on 8/3/16 for $ 5.25 per share
Purchased 35 shares of Frontline (FRO) on 9/13/16 for $ 6.95 per share
Back in July I initiated a position in the Cornerstone Fund(CLM), which is a diversified closed-end investment company which has been around since 1987. I also started a position in the Aberdeen Income Fund(FAX), which is a closed-end bond fund. I have been looking at these 2 for the past few months and decided to finally pull the trigger.
Once again I have decided to add more shares of FRO which might be one of the last for the near future. Frontline which is a tanker company is in a cynical industry and can be hit pretty hard at times. We currently have over 100 shares so I will allow the reinvested dividends to average the cost down for us and will look at them at the end/beginning of next year.
Well we have about 90 days left in 2016 and the market is still holding up pretty strong (Above 18K). Maybe the upcoming election in November will shake things up for us, but hey if not I am ok with that! Once again always remember to allow your Money to work for you instead of you working for it!
Work Hard or Work Smart?
Full Disclosure: Long FRO,FAX, and CLM