Monday, July 29, 2019

July 2019 Buys

It's nearing the end of the month and as I don't see myself purchasing into any additional positions, here are my purchases for the month of July 2019. Heavy investment into both stocks and alternatives:

Positions Added/Increased:

This is the first time that I have increased in one of my initial positions and it was to increase my OXY position. I'm not an expert nor a financial advisor, but examining the news regarding their recent woes re: Anadarko seems more short-term. So i've increased my position at what I believe is a great price.

I've done a decent amount of research into Fundrise which makes me believe that my investment here is well-served as a balance against the stock market. One of the main cons of Fundrise investments is that it is not as liquid as investing in publicly traded stocks. However, I strongly believe in their business approach and invested an additional $5,000.0  into the platform to bring my invested position to exactly $10,000.00. It will be interesting to see how my investment here stacks up against my DGI portfolio. I don't plan on increasing my position in Fundrise other than for reinvested dividends.

Future Plans:

As noted earlier, July was a month of heavy investment and not at a particularly advantageous time as I see it. However, my cash flow is significant currently (and this fluctuates wildly) so it's a good time to constantly buy and hold for the long run. I still plan on increasing my positions by $1,100.00 minimum every month. I also plan on building my cash holdings so that I can purchase more assets for my rental business. Each purchase usually costs between $5,000.00 and $15,000.00, so my cash holdings may increase in the short-term.

Also, I may try and hold additional cash for when the market "inevitably" dips sometime this year.

Best Regards and hope the 3rd quarter brings more incremental but exciting developments for all.

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