Thread: Investing 102
View Single Post
  #1540  
Old 05-23-2012, 07:24 PM
WSSix WSSix is offline
Lateral-g Supporting Member
 
Join Date: Nov 2008
Location: Dunwoody, GA
Posts: 6,554
Thanks: 1,423
Thanked 827 Times in 625 Posts
Default

So it's time for a little update. Yeah, it's not been very long since I bought my first shares of Coke(KO), Southern Company(SO), Whole Foods(WFM), and Occidental Petroleum(OXY) but I just bought some Kinder Morgan(KMP) so I figured I'd update. I decided to go ahead and transfer another chunk of money out of the mutual fund into a specific stock. I chose KMP for every reason Greg mentioned, that's it. I now have 38 shares of that company.

As for how the rest have been doing, well, not terrible, lol. I've already gotten a dividend payment from Coke and Whole Foods. About $36 between the two and it was of course reinvested. Coke, Whole Foods, and Southern Company have all gone up since I purchased them. Oxy has tanked. I'm down 20% from purchase price. I haven't a clue why. Maybe I bought at a historical high or something. All I know is they're busy as hell up here and the wells I'm blowing holes in have the good stuff flowing back to the surface. So hopefully they will rebound. I'm in this for the long run and not worried but Oxy alone has me in the red overall. I'll see how things are doing in another year and go from there. Or maybe I'll buy even more as the price comes down. Not really sure at this point.

I realize I now have two oil and gas companies out of five total in my portfolio even though they are in different areas entirely within the oil and gas industry. KMP is simply too good to pass up. I had to add them. I will not be buying another O&G unless I sell one first.

My thoughts are that I should add more companies instead of more money to the existing companies I already own. Spread my eggs around if you will. I should have more money to buy stocks with by the end of summer. Maybe during the August lull. I was thinking I would add Johnson and Johnson or P&G to the portfolio. How does that sound? Or should I see what my current stocks are doing then and maybe put the money into one of them instead? I'm leaning towards adding another company at this point.

Well, there's my little update. I said I'd post my results and there you have them.
__________________
Trey

Current rides: 2000 BMW 540i/6 and 86 C10.

Former ride: 1979 Trans Am WS6: LT1/T56, Kore 3 C5/6 brakes, BMW 18in rims

Last edited by WSSix; 05-23-2012 at 07:33 PM.
Reply With Quote