Tuesday, October 22, 2019

Recent Buys, October 2019

Baby Watch Gremlin here to give you my October buy updates. My daughter is due soon, so if my next monthly update is late, you will understand why...  As I noted in a recent post, zero fee investing is allowing me to change the way I invest.  I will rapidly deploy money to attractive stocks in more of a shotgun fashion.  This will enable me to average into one or several positions overtime. I will also use this approach to round up positions in a practical manner.  I don't expect this to be a common methodology, but I thrive in chaos so it works for me.

No purchase or account fees were paid this month. I added shares of the following companies by account (* indicates a new position, which will be discussed below):

Taxable:
MSM* - 5 shares on 10/16 @ $71.21 / share ($356.05 total), $14.06 income added
SON - 2 shares on 10/17 @ $57.12 / share ($115.43 total), $3.44 income added
KTB - 2 shares on 10/18 @ $38.14 / share ($76.27 total), $4.48 income added
EVR - 1 share on 10/18 @ $77.51 / share ($77.51 total), $2.32 income added
KR* - 5 shares on 10/18 @ $24.21 / share ($121.08 total), $3.20 income added
Total Invested = $746.34
Annual Income Added (AIA) = $27.50

Roth:
WBA - 3 shares on 10/14 @ $53.61 / share ($160.82 total), $5.49 income added
XOM - 1 share on 10/14 @ $68.79 / share ($68.79 total), $3.48 income added
MATW - 1 share on 10/14 @ $34.86 / share ($34.86 total), $0.80 income added
KMI - 2 shares on 10/14 @ $20.11 / share ($40.21 total), $2.00 income added
SJM - 1 share on 10/18 @ $108.08 / share ($108.08 total), $3.52 income added
GLW* - 5 shares on 10/18 @ $29.33 / share ($146.63 total), $4.00 income added
Total Invested = $559.39
AIA = $19.29

Standard IRA:
WLK - 5 shares on 10/14 @ $62.47 / share ($312.34 total), $5.25 income added
Total Invested = $312.34
AIA = $5.25

Totals:
Invested = $1618.07
AIA = $52.04

*New Positions:
Most of my investments went to existing positions, so I will not cover my reasoning on them.  However, new investments are detailed below.

MSM (MSC Industrial Direct Co.): MSM is best described in their own words - "distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The company’s MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies". I like this type of repeatable, necessary industry plus MSM is valued very nicely.  MSM Overview Link

KR (Kroger): Here we have a grocery company, that follows on the heels of Walmart (WMT). The grocery industry is changing, and like all the rest so is KR - which is why is a slight bargain. Not everyone, but most people will still want to inspect their food before they buy it. In addition, having a physical store, which doubles as a local distribution center, people can find what they want and easily transition from physical to digital or vice versa. This is a huge market space, big enough for lots of competition.  KR Overview Link

GLW (Corning Inc): They are responsible for making glassware ranging from cookware that goes in the oven to high-tech products for your cell phone.  I like this company a lot, they are akin to the people selling pick-axes and shovels to miners during a gold-rush. They stand to make money regardless of how many ounces of gold are found.  GLW Overview Link

I will update my portfolio page at the end of the month.

What do you think of these companies?

- Gremlin
- Long all tickers mentioned

No comments:

Post a Comment