What Did You Buy Today?

[fenders53]

(05-12-2020, 12:52 PM)MikeWa Wrote:

(05-12-2020, 11:55 AM)fenders53 Wrote: Purchased a few more shares of WELL to round it up to 200 shares, so a decent sized position for my port.  Sold another O put at strike 50 that expires Friday.  I have this bad feeling I am walking into a REIT trap.  Just trying to get into FRT and O for now.  If I am going to get stuck it might as well be something I can ride out for years.  The highish premium options I am selling keep expiring worthless so in the end I should have an OK basis if this goes bad.  I half expect that outcome.  Hopefully it's just the weaker REITs scaring the market into too good to be true premiums.

I also added to WELL today. Don't think there will be anything wrong with senior housing long term.

I won't be shook out.  The need isn't going away.  If the over-all market pulls back I might add a few more shares.  Going very slow has been a good plan lately, whether adding or trimming.

Added a few shares to my safer UTEs.  XEL-AEP-WRTG.  Literally just a few hundred bucks here and there.  Industries pulling back will affect their revenue but Divs are safe IMO.  That will become attractive soon enough.  175 companies have cut their Div 50% or more and I suspect this is not over for another quarter when the economy reality meets the stock market.