Here are my automatic investments for this week.
- WPC: 7.88 shares @ $63.46 --- Yield 6.00%
- BP: 11.69 shares @ $42.78 --- Yield 5.61%
- SO: 11.52 shares @ $43.37 --- Yield 5.00%
- XOM: 5.73 shares @ $87.26 --- Yield 3.35%
Total capital invested today is $2000 ($500 in each company). The combined yield on these purchases is 4.99% and will add $99.80 to my yearly dividends.
Gotta love how the market plummets at the open and then my buys go through near the days high. :-(
Mutual Fund Sale
- CAIBX --- 150 shares @ $61.54 --- Yield approx. 3.9%
This transaction took place on Friday and I received $9231 this morning. This sale will reduce my yearly dividends by approximately $360.93.
With a variety of expenses coming at me during the next couple of weeks, I will not reinvest everything right away. With that said, the way the market is bouncing around today, I might still pick up a position or two before the end of business today. We'll see.
Sectors that look interesting right now include interest rate sensitive names within REITs, utilities, and telecoms. Some energy sector and consumer names also look appealing. In particular I am watching HCP, WPC, SO, T, WMT, PG, XOM, GM, and JNJ. On the more speculative side, I am also watching TIS and NOV.
REITs are really taking it on the chin right now similar to the way oil companies did six months ago. It's really exciting to watch things play out. Stay alert!