I’m reporting my automatic purchases for last week:
$400 of BP
$400 of COP
I used $800 in new capital and added $38.4/year to my dividend income. This is an average yield of 4.8%.
BBL continues to be on my buying list. I’ll keep slowly averaging down until it’s a full position for me. BBL has endured a lot of weakness since announcing a de-merger where they are going to split up some of their assets into another company.
Energy companies are hard to pass up. BP just seems so cheap right here, I may make a larger purchase tomorrow with some extra funds. I plan to keep adding to my energy holdings even if they are a little overweight. Oil prices will go up, it’s just a matter of when. COP also seems like a good value and I’d like to bring it up to position size in line with the rest of my energy holdings.
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 shot I took last Sunday in Portland as we walked across the bridge over the Willamette River in order to check out some breweries on the east side of the city. I’ll have pictures of some of those coming up also.