What Did You Buy Today?

[fenders53]

Opened a position in XOM. Might as well get in before the dividend. That's enough oil now.

[vbin]

(05-09-2019, 10:48 AM)fenders53 Wrote: Opened a position in XOM. Might as well get in before the dividend. That's enough oil now.

@fenders53, can you share your thoughtsbfor buying now?

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[fenders53]

(05-09-2019, 10:55 AM)vbin Wrote:

(05-09-2019, 10:48 AM)fenders53 Wrote: Opened a position in XOM. Might as well get in before the dividend.  That's enough oil now.

@fenders53, can you share your thoughtsbfor buying now?

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Sure, I'm a little under invested in oil at the moment.  I already own CVX and BP.  I almost always have a covered call or put sold on at least part of my oil position(s).  Oil is an income play for me.  I just try to not get myself forced in when it's clearly too high.  And I am OK sitting on all of my oil positions for years with the fat dividends I think are safe.  

On a side note I have no fantasies my oil stocks will suddenly run up 15% from here.  And another side note I think oil is a bad DGI idea for the longterm, which makes it a bad DGI pick (just my opinion of course.  Great current div?  Yes, that is why I am here but will never have a huge position and expect longterm div growth. They are always just a few years from the next down cycle and they get scarier every time. Too much leverage other than the majors, which still have their share.

[fenders53]

Nibbling on my ETFS. Vanguard VCR, VGT and VUG, Why, because I got really lucky last week and sold half positions at the top in a number of things? I didn't believe the trade deal was a done deal. I am probably early getting back in, so I will go very slow. All I know for sure is they are considerably cheaper than the same shares I sold last week. I have lots of dry powder.

For those looking for a decent way to play the big cap high fliers without single stock exposure, I recommend VUG. Not necessarily today of course. I'm putting my Nostradamus hat away for awhile.

[DividendGarden]

Added to KO.

[stockguru]

AMGN getting interesting!

[vbin]

Non div purchase. Started position in UBER because I use it all the time more than any other cab.

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[divmenow]

Added UPS, CAH and JNJ to my sons account.

[Binary]

More MMM in the morning

[Russellreader]

(05-10-2019, 11:11 AM)vbin Wrote: Non div purchase. Started position in UBER because I use it all the time more than any other cab.

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[Binary]

More ABBV

[vbin]

Added abbv

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