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What Did You Buy Today?
(06-11-2019, 10:50 AM)Binary Wrote: ENB starter pack

I approve of this message.  I'm in a bit above $35.  Looks as good as anything else energy.  

I am back to adding a bit of cash each week when she runs up.
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Added to OXY. Lots of insider buying the last few days. Looks like it bottomed and is headed up.
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Added to BEP and UPS this morning.
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I'm tempted to buy MMM here at $166, but just cant seem to pull the trigger yet lol? I keep thinking if Tariffs dont get settled this stock could see lows. But then again its always good to be ahead of the curve and get in before China gets settled. Thoughts?
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(06-14-2019, 09:30 AM)divmenow Wrote: I'm tempted to buy MMM here at $166, but just cant seem to pull the trigger yet lol? I keep thinking if Tariffs dont get settled this stock could see lows. But then again its always good to be ahead of the curve and get in before China gets settled. Thoughts?

I opened a position a few weeks ago at $175, and added to it earlier this week at $168. It looks pretty fairly valued at the moment, and has bounced from dipping under $160. Stocks can always undershoot deeper than you'd think, but I just try to stick to my buying rules for when something looks like a fair deal. I won't always (or probably ever) buy at the bottom, statistically speaking. 

I had wanted to own MMM, but for much of the past four years it has been consistently overvalued, compared to its historical norms. Now that it's in the range of fair value, I was happy to grab some. Doubt I will regret the purchase 5-10 years down the road.
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Or, to show it graphically, MMM can be had at a P/E valuation not seen since 2012:

[Image: zUXj0Ar.png]
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Initiated a tiny position in Red Electrica (from Spain)
This is something I will most likely keep adding in the following months.
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(06-14-2019, 10:26 AM)crimsonghost747 Wrote: Initiated a tiny position in Red Electrica (from Spain)
This is something I will most likely keep adding in the following months.

wow, this is new to me.  It seems to be great diversification with utilities in Europe.
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MMM yield has not been this high since 5/2009
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Opened a small starter position in CHWY this morning. Joins FB and SQ as my only non-dividend payers.
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