Saturday, September 13, 2014

Weekly Roundup - September 13, 2014

Another week has come and gone.  How do the days keep flying by so fast?  All the more reason to reach financial independence as early as possible and start to recapture some of the ever-fleeting time that we have.  With no appointments this week that means it was time to get back to work.  Honestly I was glad to get back into a normal routine again after the whirlwind that was August.  One thing that I really like about my job is that there's a lot of downtime but I still get paid.  Who doesn't like that?  Yesterday three of the guys that I work with and myself went golfing at a course near where we're working.  It was a great day for golf as the temperature wasn't too hot considering we're in south Texas.  The front 9 went quite well but the back 9, not so much.  Considering I haven't golfed in nearly a decade I thought it was a pretty successful round.  And even better is that I got paid as if I was working but was out on the golf course.  That's a win in my book.

The markets have started to stumble a bit which is music to my ears.  I added to my position in Deere & Company this week as well as continuing to add to my Loyal3 portfolio.  I even got a few raises this week as well which is always a welcomed bonus.  I'm looking forward to the markets continuing to decline and hopefully open up a lot more value.  One company that I'm really interested in right now is Emerson Electric (EMR).  I already own a small position in them and would like to add more if the share price dips a little bit.  Other companies that I'm interested in are some of the oil majors (Chevron, ExxonMobil, BP) and Coca-Cola, PepsiCo, and YUM Brands.  What companies are starting to catch your eye for potential purchases?


I recently stumbled across this quote from Alice Schroeder's biography of Warren Buffett Snowball.

"Warren also spent a lot of his spare time as a child hanging around at his father’s stock brokerage house reading everything he could get his hands on. As a tenth birthday present, he asked his father to take him to the New York Stock Exchange in person. The young Warren was hooked from day one and loved everything the saw and experienced. He decided then and there that he wanted to be rich and set a goal to be a millionaire by the age of 35. This was a reasonably audacious goal for an eleven-year old kid to be making in the middle of The Great Depression but Warren was adamant. Warren said, “Money could make me independent. Then I could do what I wanted with my life. And the biggest thing I wanted was to work for myself. I didn't want other people directing me. The idea of doing what I wanted to every day was important to me."

Who knew that Warren really dreamed of financial independence?  I guess I've got a bit more in common with him that I thought.  Although I'd rather share his investing genius!

In case you missed them, here's the posts from this past week:

Thanks again to all of you that stopped by, commented, or share posts from Passive-Income-Pursuit this past week.  I truly appreciate it and can't begin to thank you all.

Now on to the links!

Convenient Narratives by Done By Forty

Seven Ways Our Son is Just Like Me by Income Surfer

The 4% Rule Examined by Dividend Mantra

Recent Stock Purchase - Parker Hannifin (PH) by Retire Before Dad

My Accumulation Portfolio - Getting Back to Basics by Financially Integrated

Selling Puts: Pros and Cons for Dividend Investors by Dividend Growth Investor

The First Mover Advantage by A Wealth of Common Sense

My Dynamic Watchlist by DivGro

Dividend Aristocrats in Focus Part 1 of 54: Stanley Black & Decker by Sure Dividend

The RV Project is Moving Forward by The Dividend Guy

Can a Dividend Aristocrat Really Give You a 2,400% Return Over 25 Years? by The Passive Income Earner

Hope you all have a great weekend!

8 comments:

  1. JC,
    Since you asked, I initiated a position in GSK, plus added to XOM and SDRL this week. GSK has been depressed on some very real concerns, but the big pharmas typically bounce back in a couple years (and the dividend yield is almost 5 and a half percent which you have to like). Oil stocks are my hedge fund since I spent 35 years working in the auto industry and my pension will be from one of the Big Three. The worst time for the auto companies is when oil (and particularly gasoline) prices are high.
    Good luck,
    KeithX

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    1. KeithX,

      I started to look at GSK a few weeks back and there's definitely money to be made in big pharma. Especially with the demographics in their favor too. I'm not that keen on them because of the patent losses but they do tend to bounce back like you said. I wouldn't mind adding one as a satellite position but I don't think it'd be a core position for me.

      Thanks for stopping by!

      Delete
  2. JC,
    Thanks for the mention. Have a great weekend.
    -RBD

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  3. Thanks for the mention JC. I'm glad to hear work hasn't been all 3am fire drills, lately. I've begun to look at the oil majors too. I think Chevron will be my first pick, but I need shares to fall further. Have a great weekend buddy
    -Bryan

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    1. Bryan,

      Luckily work isn't usually that bad but sometimes the timing just sucks. The good thing though is that I have a trainee working with me so I'm getting paid extra which made that even sweeter. I got to show him how to not hit the golf ball. The oil majors are looking better but I'll probably try and hold off on making any buys right now. But they're getting interesting. Hopefully this cold spell will get oil prices moving a bit higher. I need job security!

      Thanks for stopping by!

      Delete
  4. Getting paid while you play is always a good thing. :) That is one of the reasons why I am trying so hard to build my passive income portfolio. :) Thanks for sharing your roundup....have a great weekend! AFFJ

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    1. AFFJ,

      Can't blame you on wanting to build up the passive income stream. It sure is nice to have a good chunk of extra income coming in each year and I can only imagine what it's like to be financially independent.

      Thanks for stopping by!

      Delete
  5. JC,

    Thanks for including me! Much appreciated.

    Hope you've had a great weekend over there. Sounds like you've been having fun. :)

    Best regards.

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