2 Recent Buys – GOOGL, KMI

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A quick update on two purchases in my portfolio. Without further ado, here are the details.

  • First purchase: I added to my position in Alphabet Inc (GOOGL) @ $1,175.00. Alphabet is a recently new position in my portfolio that I initiated in August and slowly adding to build to a full position.
  • Second purchase: I added 100 shares in Kinder Morgan Inc (KMI) @ $20.00. KMI is my only pure pipeline play, which has turned things around pretty well over the past couple of years, although it is still pretty leveraged. Not a lot of 5% yielders as the yields continue to fall, so adding this at a 5% yield will increase forward dividend income by $100. It is also expected that dividends will be raised by 25% next spring, so thats a pretty good growth rate.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long GOOGL, KMI. Our full list of holdings is available here.

3 thoughts on “2 Recent Buys – GOOGL, KMI

  1. JC says:

    With $0 commissions the norm now, I really wish that GOOGL would do a stock split. Even though it doesn’t make a difference it’d still be nice to just DCA into a position in GOOGL with say $500 per month. I like your purchase of GOOGL though. At your purchase price, and net of cash, that’s around 20.6x 2019’s estimates and 18.0x 2020’s estimates. Considering the likely growth that is still to come that’s pretty damn attractive.

    • Yeah Ive been nibbling slowly on GOOGL, and the valuation looks really good for a growing company. Wish I had bought more when under $1200…will be ready to pounce if it dips again.

      R2R

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