Yesterday was interesting
I’ve been doing a lot of research, and reading Jim Cramer’s latest book “How to Make Money in Any Market” and it’s kind of funny because I relate to his mother and the way she chose her stocks! She and I would have gotten along great! But that’s a story for a different day. If you’ve been reading this blog and you read his book, you will know what I mean.
But I am trying to start working on Cash Flow instead of growth. I’m not getting out of my growth stocks, But I spent yesterday doing a whole review of the dividend paying stocks that I currently have. Looking at the reports this morning though, they all went down except the Oil and AI stocks (at least in my portfolio). But that’s ok because I was buying at the end of the day and got the discount!
The Plan
I had the money for the ETF investment (25.00) and I had the money for the bank error that they corrected and my tax refund. My plan had been to invest the 25 dollars on or about the 15th of the month, but I couldn’t wait! My plan now is to do one on the 1st of the month and another on the 15th of the month, still rotating through the ETFs as I go. Yesterday I did ICLN, my clean energy ETF. I know that this president doesn’t care about clean energy and really has something against windmills, but I think that as AI takes more and more energy from the grid, we need to step up the solar and wind energy plans. He probably won’t do it, but he won’t be president forever. The next president in 2028 will have to lean into clean energy like they are in Europe and Asia. So I wanted to start early in getting into those companies, and this ETF knows more about them than I do.
Then I decided which of the dividend paying stocks that I wanted to add to my position. I was only going to add 1 share to each and then do another share next month. I will review at the end of the month and see if I want to do the same ones or change one or two. I added a share to KMB which is a royalty trust. They own land over oil reserves, so the oil companies pay them rent to go in there and pump. A royalty trust works something like a REIT where they pay most of their profits to the shareholders.
I added one share to The Campbells Company (CPB) because they are down right now and I have high hopes as we move into summer picnic season. I added one share to Amcor (AMCR) who makes packaging supplies for grocery stores and such. I think that business will grow this summer as well.
Medtronic is really down low and I can’t understand that but I know they are a powerhouse when it comes to making medical equipment like MRI machines and such. They are down now, but I don’t expect that to last, so I added 1 share to them. I put 2 shares into FMC which I have been avoiding but decided that this was the time. They reduced their dividend a while ago to concentrate more on growing the company and I think we will see the fruits of that in a year or so. I figured they would never get back up to my cost basis so I wanted to reduce that by buying while they were really low. Make it a little easier to reach.
I got one share of Pepsi (PEP) because they are going to be making strides here soon to improve their profitability and we should see some good results soon. Besides, they pay a nice dividend, and I need that to improve my cash flow. I also got a share of OHI which is a REIT that deals with old folks homes. Ok, I know there is a nicer way to say that but I can’t think of it right now! I will be bound for one of them eventually (pretty darn soon, I think) so I’ve held them for some time.
Next Moves
Around the 15th of the month, I will add another 25 to my ETF rotation. I think XSHD is next, which is my small cap ETF. Small Caps aren’t doing too bad these days while the Large Caps are flip flopping all over the place. I still have my shares of NVDA, Palantir, AMD, and INTEL who are all doing well. I have some Oil stocks and such, but I can’t really afford to buy any more of them right now. I will have to save up for a while.
In the meantime, around the 15th of the month, I will begin reviewing the cash flow stocks to see if I want to add to the same ones or do some different ones. I also have to save up some money to do that. So hopefully by the 1st of the June, I will have some available to raise a few by one share like I did this time. Slow and steady is the word of the day here. I will also hold myself back from buying any of those other beauties that I want like Clorox, Colgate-Palmolive, Church and Dwight and Chipotle seems to be a good bet today. But I have too many already, so I need to settle down.
By the way
The war in Iran is still in play. The US won’t remove the blockade until Iran signs a deal and Iran won’t sign a deal till the blockade is removed. Sounds like a problem to me! The president said that we will guide some ships through the strait to get some ships moving but I am not holding my breath. Gasoline is up to 4.45 I think on average and I expect it to go higher. It’s not helping my Chevron and Exxon stocks, but EPD (pipelines) is doing ok out of it. The president is also talking about taking over Cuba again too. It’s all out of my control, but I am watching.
