Friday, June 24, 2016
Loyal3 Buys, June 2016
I bought 3.2803 shares of YUM for $275, down from $360 or a 23% decrease. This will add $6.04 to my forward annual income. Definitely not my biggest investment month recently, but there is a lot going on right now in my life. Summer is here, things are happening, life is being lived, and so it goes. I am at moment less than 3 weeks out from a killer vacation and my wife has finished her school year. On top of that I am looking at switching jobs, which should increase my (our) annual income significantly. It will be great; debt will be crushed, money will be saved, and investments will be grown. You heard it here first, really you read it and no one cares, except me.
Now a quick note on the Brexit. This will effect the economy of the world - in some ways powerfully and others through just tiny ripples, though my advisement is to not trust the 'experts' on this. Specifically experts advertising gloom and doom on either side of the issue. Why? Simple, we are in completely uncharted territory. As a student of history, all I can say is that an event of this magnitude has not happened in recent history, at least a peacefully. Truly it is so much more than that. Sure plenty of times mirror this even in recent memory (S. Sudan, the break up of Yugoslavia, and even the dissolution of the League of Nations). If you went back further than that to the dissolution of old empires after WWI, the fracturing of empires through the world in India, China, etc. However, none of those were as all encompassing as the member states' relationship with the EU.
That being said, I would be remiss if I did not mention I still understand the move. While I think it is shortsighted in terms of economics, it should remind USA folks that it was what we did. As the phrase goes "don't tell me how to live." That being said, economics may heal, but I do doubt they will ever be as strong as they were.
Either way, have a great weekend and regardless of wear you stand on that issue do get outside and enjoy the summer!
- Long YUM