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Recent Purchases & Quick Update

August 19, 2016 by All About Interest 9 Comments

Wow, does time fly!  It’s literally been 3 months since I’ve written a post.  No, I haven’t disappeared from the earth or stopped investing towards FI.  I’ve just been so overwhelmed and busy starting up a restaurant that it’s consuming almost all my time.

 

IMG_3786

I Bought:

May: ($2400)

$1000 of DEO
$1200 of TEVA
$200 of BP

June: ($-375)

$400 of WFC
$400 of DEO
$400 of UL
290 of BBVA ($1700)
Sold 100 WFM ($3275)

July: ($1400)

$900 of TIF (new position)
$300 of WFC
$100 of DEO
$100 of KMI

August: ($4224)

$400 of TD
$400 of DEO
$300 of TIF
$162 of WFC
$50 of ESV
50 shares of CSX – $1397
100 shares of FLO (new position) – $1515

Notes:

WFM was exited in June.  I think it’s a wonderful company but I just see too much competition so I just decided to sell shares near my break-even.

DEO is close to a full position so I’ll just nibble away until then.

I’m working on bringing up TD and WFC to full positions.

TIF is a new position, I love their history of paying dividends and how long the company has been in business.  I used the recent weakness to pick up some shares.

FLO is also a new position.  They own mainly bread brands including Wonder, Nature’s Own, TastyKake, Butter Krust and Sun Beam just to name a few.  They are relatively smaller at about a 3 billion market cap so they have lots of room to grow.  The stock was hammered recently as the company miss-classified some of it’s workers as temporary.  Working in the staffing business, I totally know that their has been a recent crack down on this.  I believe the company will pay it’s taxes and recover, I think the stock drop is overdone.  The dividend is currently around 4.2%.

In Recent News:

I’ve hired a great chef and sous chef and our restaurant is quickly beginning a really popular place for a small town.  I’ve hired a full-time waitress, dishwasher and another part-time waitress.  I’m currently trying to find another hostess and waitress.   I’m currently bartending myself until I get the other positions filled.  That’s another reason I don’t have much time.

My one rental property was re-leased for a $100 increase but it’s going to be up in October.  It was a short lease with the same tenant.  I’m hoping to buy another rental by the end of the year as soon as the restaurant expenses are gone.

I have worked out a deal with my last business venture and I’ll be exiting that over time while getting paid.  I can now focus my energy on stocks, real estate and the restaurant.

I hope to be able to write a little more often.  I do always keep my portfolio updated though even if I’m not able to blog.  Purchases have been a little slow but I hope that can start picking up soon.

The picture is one from earlier this year in Tokyo.

 

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Filed Under: Buys

Comments

  1. FerdiS says

    August 19, 2016 at 1:38 pm

    Great to hear from you again, AAI! And I’m glad to hear the restaurant is doing well so far. All the best with that.

    Happy investing!

    Reply
  2. Dividend Diplomats says

    August 19, 2016 at 4:27 pm

    Sounds like you are moving along here AAI. I am strongly considering an investment in FLO as well. Still watching to see if anything materializes with the DOJ inquiry, but I like the long term prospects of the consumer company. Congrats on adding some strong companies to your portfolio and strengthening some positions.

    Bert

    Reply
  3. Dividend Hustler says

    August 20, 2016 at 12:34 am

    Great to hear from you Brent.
    Glad to hear everything’s going great. I hope all your goals and dreams come to fruition. Thanks for sharing and don’t stop!
    Take care bro.
    Dividend Hustler recently posted…My 10 year Wedding Anniversary.My Profile

    Reply
  4. Scott @ Two Investing says

    August 21, 2016 at 10:11 pm

    Great to hear from you! Glad to hear the restaurant and bar is starting to take off.
    Scott @ Two Investing recently posted…Dollar-Cost Averaging with BitcoinMy Profile

    Reply
  5. Jack says

    August 22, 2016 at 4:38 pm

    Congrats on getting your restaurant up and running. It’s a tough business, but it sounds like something you enjoy. It certainly won’t be boring!

    On the stock side, I love me so me TastyKake, so if I were investing purely on “buying what I use”, I’d have to get into FLO. My dividend portfolio has been on cruise control lately, overdue for a pruning and shuffle. Thanks for the reminder!
    Jack recently posted…Interesting Reads for the Financially Inclined #3My Profile

    Reply
  6. MoneyGyaan says

    August 31, 2016 at 7:32 am

    Thanks for sharing your success story here. Its really motivational. Good to see your restaurant is going good. Keep up the good work.
    MoneyGyaan recently posted…HDFC Life Click 2 Invest – Online ULIP ( Unit Linked Insurance Plan )My Profile

    Reply
  7. Wallet Squirrel says

    September 6, 2016 at 1:49 pm

    Glad to hear the restaurant is doing well. Sounds like it’s blowing up with all the positions you’re hiring for. Plus while you get to be the bartender, you get to hear customer feedback all the time and I’m sure it’s special for them knowing they get to chat it up with the owner.

    Nice with the increase positions in WFC. I’m constantly cursing out WFC for being lower than I expected, but being such a large brick & mortar bank. They have their stuff together. Glad to see others increasing their positions here as well.

    Reply
  8. Derek @ MoneyAhoy says

    October 4, 2016 at 8:27 am

    Great to hear the update – sounds like your restaurant is lots of work that will eventually pay off.

    I see you have been purchasing a bunch of WFC over the past couple of months. With all the recent news, that is down quite a bit. Do you think now is a good time to buy more, or just hold what you have?
    Derek @ MoneyAhoy recently posted…How to Start a Blog and Make Money Online in 4 Easy StepsMy Profile

    Reply
  9. The Wannabe Investor says

    November 5, 2016 at 7:04 am

    Restaurants can be very tough to manage… Good to hear yours is doing well…

    Look forward to future posts…!!!

    Cheers
    Rohan
    The Wannabe Investor recently posted…Net Worth Update – November 2016My Profile

    Reply

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I'm a 39-year-old dividend growth investor, wanna be real estate mogul, entrepreneur and dad. Follow me on my journey to financial independence!
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