patrick.net

I am back in cash again. I'm going to sit out Labor Day most likely and see what happens next.

It's fun to look at old threads sometime .

I bought 500 shares of SJW earlier this week for $25.98 I think. I bought $300 shares of EWBC at $32.51, and 1,000 shares of ARR at $4.22.

I picked up 200 shares of SDRL for $33.01 recently when SFace mentioned about it. I'm looking to buy FEYE on a double bottom. I expect it to pull back to $27 in the near future. I intend to buy 200 shares of FB if it comes back down to $57. I intend to buy 20 shares of GOOG if it comes down to $525.

Been busy and haven't been paying too much attention to the stock market. When I closed on my apartment building in the next 3 weeks, I would be busy again.

I'm debating on submitting an offer on 1024 Hopkins Ave in Redwood City. It's a trophy building in my opinion. The reason I'm buying is because I can borrow money at 3% interest rate. Rents are $900/unit now, but I believe I can get $1,800/unit. I'm not buying it for cash-flow, but for pride of ownership. It will have a 4.5% - 5% cap rate after stabilized.

This thread is like asking someone; who makes the best car/truck? You first have to ask a few questions to figure out the (possible) answer. Are you in your 20s, 40s, in retirement? Risk tolerances? Trader or buy/holder?

If you are a long-term buy/holder of dividend paying blue chip stocks, I would say Coca Cola (KO), Johnson and Johnson (JNJ), and Philip Morris (PM)...

The 3% dividend yield for KO will double to 6% in 7 years, will pay increasing, stable dividends that will outpace inflation. It's done it for decades, and I have a good feeling it will continue to do so for many more..