What Did You Buy Today?

[fenders53]

(04-30-2020, 03:39 PM)ChadR Wrote:

(04-30-2020, 01:33 PM)kblake Wrote: I bought 2500 IVZ. Its the biggest position in any one stock.

They cut the dividend in half but I'm ok with a 7% yield. They will raise again once things get better.

With 2500 shares I'm generating $1500 a year in dividends. Nothing wrong with that.

I'm surprised no one else is taken advantage of these low prices.

The company has repurchased $973 million of its common shares. And It expects to utilize the remaining ~$227 million by the first quarter of 2021.

I have been buying IVZ off and on for a little bit.  Nowhere near as large a purchase as you have made.  Will most likely be buying some more on Monday as I will have my large MO dividends and a few others hit the account Friday after trading has ended.

I looked at IVZ over a year go.  The obvious question is why are they down this hard?  I understand there is a long-time trend towards passive mutual fund investing.  They still manage pension funds right?  I just didn't understand their current revenue stream well enough to invest.  Invesco was my very first mutual fund family and they were awesome.  I remember calling on the phone several times a week to get share price updates.   Pretty sure I don't want a price update now as it would make me very ill lol.