2 Recent Buys – GOOGL, KMI

BuySell

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.

2 Recent Buys – JNJ, GOOGL

BuySell

A quick update on two purchases in my portfolio. As with the last iteration, this one also includes a new position in the portfolio.

  • First purchase: I added 20 shares of Johnson & Johnson @ $127.50. During the mayhem of Aug 23, thanks to Trump’s tweets and escalation of trade war, I was able to pick up a few shares of JNJ. JNJ has been undergoing a bit of a weak performance due to ongoing litigation (which later turned into a $572M fine), and some expected revenue drop this fiscal year. However, top line growth should return back to normal starting next year, so I have been adding to my shares in this position over the past few months. The stock yields 2.96% and adds $76.00 in annual dividends.
  • Second purchase: I initiated a new position in one of the largest companies in the world; with 3 shares of Alphabet Inc (GOOGL) @ $1,184.00. There are a lot of reasons to own GOOGL – one of the most forward looking companies, founder-operated, arguably best tech talent in the world, largest online ad platform, wide moat (can you imagine life without Google…not just as consumers, but also as a business?), good capital allocation and reinvestment in business, optionality play on unmonetized segments that will sooner or later get commercialized (Alphabet’s subsidiaries include Calico, CapitalIG, DeepMind, Google, Google Fiber, GV, Jigsaw, Loon, Makani, Sidewalk Labs, Verily, Waymo, Wing, and X). This is a starter position in what I expect to be a core holding for years to come, and will continue adding shares in coming months.

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

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