I’m reporting my automatic purchases for the last two weeks:
$700 of BP
$700 of ESV
I used $1400 in new capital and added $77/year to my dividend income. This is an average yield of 5.5%.
I’ve been busy and didn’t realize I hadn’t posted my purchase last week. I’m still finding a lot of value in the energy sector lately.
BP has taken a hit recently after a ruling that they may owe a lot more in fines. I still view the company as a good long-term investment. I used the weakness to add shares this week.
ESV is near a 52-week low and I picked up shares last week at a yield-on-cost of 6%. I know they will be under pressure with additional supply through next year but I believe this is just part of their cyclical industry and the price will end up rebounding in the long-run. I love the fact that they keep retiring old assets to keep their fleet new and competitive.
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 my recent trip to Hawai’i. It was taken on The Big Island on the beach near our hotel.