I’m reporting my automatic purchases for this week:
$450 of BBL
$200 of MCD
$150 of ESV
*In a separate transaction, I also purchased another 100 shares of TD at $46.32/share.
I used $800 in new capital and added $47.89/year to my dividend income. This is an average yield of 6.0%.
BBL continues to be on my buying list. How low can it go? Morningstar gives BBL a 5 start rating! 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. I also believe a lot of weakness has to do with oil prices. BBL was heavily investing into North American shale plays and about 40% of their revenues come from China per their annual report.
Energy companies are beaten up hard. You’ll see me adding more to most of them and even ESV which is a speculative play.
MCD has come down in price to near my basis. I figured it’s time to start adding a little here and diversify out of energy somewhat.
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.
Continuing the Portland series; This is a brewery I visited in Portland called Fat Heads. I had already posted one picture from this place.