What Did You Buy Today?

[Otter]

(01-03-2020, 06:01 PM)kblake Wrote: What I don't get is why do people continue to invest in a dead stock like XOM? I get the dividend but that's not nearly enough to justify me buying it.  The stock has done nothing for many years. It even under performs when oil goes up LOL

History
2014 - 5.98%
2015 -12.57%
2016 - +19.62
2017 - 3.94
2018 - 14.61
2019 - +6.36%

The only reason why the stock was positive in 2016 and 2019 was because of the dividend.

I'm just trying to figure out why people continue to buy that name when there are better names out there, even in the oil sector.

Anyway added some names and bought some new ones

Added to STOR, MO, ABBV, and TXN
New positions in MPC and PSX

Heh. XOM was my smallest add today. Felt that I had over-trimmed the position in 2019, and the price looked reasonable.