If you believe we will continue to consume oil, I think this is a good place to accumulate some of these oil stocks. They pay a nice dividend too, between about 5%-7%.
Of course I'm all ears if you have a better suggestion on other good stocks.
RIG, TOT and BP
By E-man Follow Sun, 13 May 2012, 6:42am 1,009 views 7 comments
In San Jose CA 95131
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WMT
Unless you are worried that people are going to all of a sudden stop buying up all that crap
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Santa Clara, CA
VNR (Vanguard Natural Resources) ~ 8%
IVR (REIT) ~ 18%
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Zhanka,
VNR is interesting. I'll dig into it later. I already have 850 shares of IVR. At this price, it's a little pricey to add. I've been adding several hundred shares of CIM every time I get my dividend from AGNC & IVR. I also own NLY & ARR. That's quite a bit of mREITs in my portfolio already.
Thanks for the suggestion. I always look for good paying dividend stocks to add into my portfolio. :)
Errc,
In my opinion, WMT is a good stock for trading. It doesn't pay much in dividend, and the stocks just move sideways. Thanks fir the suggestion though. :)
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All indications are FB will be HUGE! Loaded up on RENN.
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Actually, the US has been either gas neutral or a gas importer for the last 60 years, in the last few years, that has apparently changed to a 10% net exporter of gas. We're changing our habits, and decently fast. Driving less, and buying more efficient cars.
FB is making 0 ROI for every company that is using it. They're pumping in millions and getting no returns. They're doing it because they're worried they will miss the boat, but they're going to eventually find out that all their "peers" are having the same results, at which point there is no boat to miss. Ads on FB are utterly useless. FB is definitely not a buy and hold type of stock!
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Wait a minute, these are at the same price levels when you recommended them last time around. So much for buy and hold. Duh-oh! Doubled-down on a couple of energy stocks today.
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SFace says
Hmm. Another Chinese stock. :)
EBGuy says
Well, at least I didn't recommend them when they were selling for $60-$80. :)
These stocks have been trading in a range. Take your profit when you're up about 15% to 20%. I always take profit too early and watch them go up another 10% before coming all the way back down. Commodities have been weak due to the global demand slowing down. Buy them in small increment and collect that dividend. Don't go too crazy or you might get hurt.
This is what I have been doing with mREIT stocks. Every quarter I get the dividend payout from AGNC and IVR, I buy several hundred shares of CIM. I'm up to 1,850 shares of it and will likely stop buying it when I reach 3,000 shares. I think CIM pays like 15% dividend. :)
I also own 2,000 shares of ARR and 300 shares of NLY. ARR pays its dividend monthly. Hmm, maybe I should reinvest the dividend by buying more NLY too. :)