I’m reporting my automatic purchases for this week:
$200 of TGT (Target)
$150 of ESV (Ensco)
$250 of KMI (Kinder Morgan)
I used $600 in new capital and added $27.81/year to my dividend income. This is an average yield of 4.3%.
Target is still below my cost basis and near a 52-week low. I plan to build up to at least a $10k valued position in the company in the short term as long as I can keep averaging down. I ended up closing out a put I had sold yesterday that I’ll also mention soon.
I continue to average down on shares of ESV and am targeting a 300 share position as long as prices stay depressed.
KMI is another company I think could be undervalued. There’s several ways to invest in Kinder Morgan but my money is going where the owner, Richard Kinder, is investing, in KMI. They also have preferential tax treatment.
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 from Salzburg, Austria from a trip I took in 2012. My next trip planned is to Hawaii in July.