01-21-2016, 12:46 AM
(01-20-2016, 09:00 AM)DividendGarden Wrote:(01-19-2016, 07:33 PM)Rasec Wrote: I'm almost 30% down on COP and I thought I bought quite low... My only worst position is KMI.
Instead of trying to catch a falling knife, I'll wait until oil starts catching up. Might take another year or 2 or so, specially now with Iran entering the party.
I hear you with KMI.
I think in 5-10 years, we'll be remembering how cheap these companies were and kicking ourselves for not taking advantage. I remember buying AXP at $10/share back in 2008. The trouble is, I'm already overweight in energy/oil. How much more should I buy?
"How much more should I buy?"
Well, I think that is a personal question for everyone and it depends upon each person situation. I am down like most (in the 30% range) and I am overweight oil also.
COP has 15 years dividend increases and they just increased a couple of quarters ago, so they do not need to worry about providing another increase for another year or more to keep the coveted CCC streak alive. Question is, do they cut? Who knows, but that is the only thing I can see that will drag it down too much further. Yields 8.5% right now so its tempting.
I am tempted to add, but probably will not. I am an investor who invests about $1500 per pay period and with the market as it is, I am going to stick to buying undervalued Champions. HCP, ADM, EMR, BEN, APD, and others..ITW also coming in range. In times like this I would stick to quality. I think there will be time to still grab more oil after that knife stops falling and we have continued to build out our portfolios with something or a core stock.
Just how I look at.