Here are my automatic investments for this week.
- BP: 6.51 shares @ $38.42 --- Yield 6.25%
- RDS-b: 3.56 shares @ $69.94 --- Yield 5.38%
- CVX: 2.21 shares @ $112.94 --- Yield 3.79%
- XOM: 2.68 shares @ $92.92 --- Yield 2.97%
Total capital invested is $1000 ($250 in each company) and the combined yield is 4.60%. These purchases will add $45.98 to my yearly dividends.
Three yards and a cloud of oil.....and a very looooong YAWN.
After last week's minor mishap with Sharebuilder I am back on the oil train. I must admit that I am getting a bit tired of buying energy companies, but that is where I believe some great long term value lies.
Building my positions in these companies and dripping them should create some serious long term wealth along with a great source of future dividend income. It's kind of like a boring offense in football that just keeps grinding forward, moving the ball down the field a few yards at a time with each play. Slow steady forward progress is what these companies should deliver over time. There will probably be some more bumps and bruises along the way, but I will continue with great resolve going forward!
At the end of the day, putting points of the board (ie dividends) is the name of the game. There may not be much excitement from a fan's/investor's perspective, but I will patiently await the results that will take place over the next 30-40 years.
Could these companies be trading 20-30% lower over the next several months? Obviously I don't have any crystal ball, but if they are I plan on continuing to "hold my nose" and keep buying. The thought of someday receiving $5000-$6,000 a year in dividends from these companies is incredibly exciting.
Stocks on my radar for next week include the four purchased this week along with VZ, T, IBM, BA, and PM.