Wow, does time fly! It’s literally been 3 months since I’ve written a post. No, I haven’t disappeared from the earth or stopped investing towards FI. I’ve just been so overwhelmed and busy starting up a restaurant that it’s consuming almost all my time.
$1000 of DEO
$1200 of TEVA
$200 of BP
$400 of WFC
$400 of DEO
$400 of UL
290 of BBVA ($1700)
Sold 100 WFM ($3275)
$900 of TIF (new position)
$300 of WFC
$100 of DEO
$100 of KMI
$400 of TD
$400 of DEO
$300 of TIF
$162 of WFC
$50 of ESV
50 shares of CSX – $1397
100 shares of FLO (new position) – $1515
WFM was exited in June. I think it’s a wonderful company but I just see too much competition so I just decided to sell shares near my break-even.
DEO is close to a full position so I’ll just nibble away until then.
I’m working on bringing up TD and WFC to full positions.
TIF is a new position, I love their history of paying dividends and how long the company has been in business. I used the recent weakness to pick up some shares.
FLO is also a new position. They own mainly bread brands including Wonder, Nature’s Own, TastyKake, Butter Krust and Sun Beam just to name a few. They are relatively smaller at about a 3 billion market cap so they have lots of room to grow. The stock was hammered recently as the company miss-classified some of it’s workers as temporary. Working in the staffing business, I totally know that their has been a recent crack down on this. I believe the company will pay it’s taxes and recover, I think the stock drop is overdone. The dividend is currently around 4.2%.
In Recent News:
I’ve hired a great chef and sous chef and our restaurant is quickly beginning a really popular place for a small town. I’ve hired a full-time waitress, dishwasher and another part-time waitress. I’m currently trying to find another hostess and waitress. I’m currently bartending myself until I get the other positions filled. That’s another reason I don’t have much time.
My one rental property was re-leased for a $100 increase but it’s going to be up in October. It was a short lease with the same tenant. I’m hoping to buy another rental by the end of the year as soon as the restaurant expenses are gone.
I have worked out a deal with my last business venture and I’ll be exiting that over time while getting paid. I can now focus my energy on stocks, real estate and the restaurant.
I hope to be able to write a little more often. I do always keep my portfolio updated though even if I’m not able to blog. Purchases have been a little slow but I hope that can start picking up soon.
The picture is one from earlier this year in Tokyo.