What Did You Buy Today?

[Otter]

(05-05-2020, 11:54 AM)fenders53 Wrote:

(05-05-2020, 11:46 AM)Otter Wrote: I am tempted by RDS.B, but thinking I may just go with XLE to round out the energy side of things. No need to pick who the winners/losers will be, just go with the sector as a whole.

I would do that if I thought more majors won't cut their Divs.   I think it's early to buy the index because you get the bad ones too.  They will cut their Divs or gut their balance sheets avoiding it.  Neither is a great outcome.

SEC 30-day yield on XLE is 8.11%, so even if 100% of S&P 500 Energy Sector components cut their dividend 50%, it's not a bad play.