Thread: Investing 102
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Old 07-20-2016, 03:33 PM
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GregWeld GregWeld is offline
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I'm sorry I haven't added much here lately. As many of you know already - I'm dealing with some nasty health issues... and that's taking my energy right now.

Having said that.... I just had a great call with a good friend regarding his investments. He's done really well and seems to have a decent (not total) grasp of the challenges. But it's what he said to me that prodded this post.... to wit: "I've been buying some stuff that's really out of favor (or something along these lines) and it's really paying off right now!". DOH!! Anyone ever hear of buying low and selling high? LOL

With that in mind - I've had my ass handed to me in some big oil related stuff - KMI - ETP are the two biggest losers.... and KMI hurt because of the dividend cut! I owned 25,000 shares of it down about 50%..... so I just bought 5,000 more shares.... yeah.... that's right... I bought MORE of it.

I also just added some Freeport-McMoRan (FCX) because it is another HUGE loser.... and cut it's dividend to ZERO... it's also down at $12... and for $100K I'll take that flier.

Last edited by GregWeld; 07-21-2016 at 02:46 PM.
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