Today I started in a new position in W P Carey Inc.
- WPC: 20 shares @ $63.48 --- Yield 6.00%
Total capital invested is $1,276.55 and will add $76.20 to my yearly dividends.
This is the second REIT I have purchased in two days. I bought HCP yesterday which apparently was a tad bit early. HCP after dropping quite a bit over the last month dropped again today with many interest rate sensitive stocks. Unlike yesterday, I was able to buy around the lows of the day.
Last year I invested about $1800 in ARCP and ultimately dumped the shares at the beginning of this year. Actually I really don't have much of a REIT exposure. I picked up shares of HCP and DLR in the summer/fall of 2013 and largely avoided adding REIT shares until yesterday. I decided to just stick my toe in the water with today's purchase as there appears to be sharks swimming in the water.
The good news is after taking an ass whipping in my energy holdings over the last several months, they have been rebounding recently and providing a nice lift to my portfolio. ESV actually touched $27 today and I almost had a heart attack!
So what do I go and do?? Jump into the REIT sector. It was very scary during the back half of 2013 and appears to be volatile once again. PERFECT!!!
I guess at the end of the day I can only invest in so many "bread and butter" stocks.
Let the fun begin!