01-28-2020, 01:34 PM
(01-28-2020, 11:13 AM)EricL Wrote:(01-27-2020, 12:29 PM)fenders53 Wrote: Averaged down my F just a little before the x-div, and some BGR which is a Blackrock Oil ETF that invests in all the majors with a 7+% div. I would have probably been better off if I'd found it long ago.
I admire the intestinal fortitude of adding to a cyclical like F while there's fears of a global slowdown due to coronavirus!
Is that a nice way of asking "what the hell are you thinking?"
F is absolutely NOT part of my DGI basket. I have a half a dozen high div stocks stuck in a fairly predictable trading range I play income games with. Maintain some long shares and collect the div, sell puts or calls when they swing. F is part of that basket, but MET, PFE and a few others work MUCH better. I'm down a few % on F for my trouble. It's less than 1% of my port and will probably always be if I have any sense.
Started a position in MMM today. Always wanted to own it. A very small position for now as I doubt they have hit bottom yet. There are many more blue chips on my list. If they blow earnings I'll dip my toe in the water.