I’m reporting my automatic purchases for this week:
$250 of WFC (Wells Fargo)
$350 of ESV (Ensco)
I used $600 in new capital and added $22.44/year to my dividend income. This is an average yield of 4.6%.
I just recently purchased a block of 80 shares of WFC that I posted earlier this week and I had already locked in my buys with Sharebuilder this week so I added a few more. I mentioned some reasons for the buy on that post. I’m done adding to WFC for a while now that they are above average weight.
I continue to average down on shares of ESV and have no problem building up to a 300 share position in the short-term as long as I can keep averaging down.
There was a new article on SA with an analysis of ESV’s fleet that would be worth checking out to anyone interested in the company. You can find that here.
I’ll be looking for companies outside of the energy sector for any big purchases going forward.
Just for some fun and to add some color I will be posting pictures of places I’ve been to. It’s also motivation to reach FI so I can travel and do what I want to when I want to.
This is a picture of me in front of the river than runs around Verona, Italy in 2012. I miss Europe!