I'm finally listening to my dad. Well, I usually do, but I'm going to follow him without hesitation on his latest advice. When I told him I was going to start my journey towards financial independence, he was telling me to invest in pipelines and railroads. Well, I'm going to listen and follow him on my latest buy,
Yesterday, I invested in Kinder Morgan (KMI), an oil and gas pipeline company. Looking at the peripherals, the only thing I don't like is the PE (27.33) is a little high but going forward it (21.25) will drop a little bit. I like the projected EPS in the next 5 years is projected to be +12.61%. That will definitely help out to improve on my YOC of 5.16%
Yesterday, I bought $1000 of KMI for The Fund account.
I got 31.4668 shares at $31.78 per share. I'm pleased with the share price although it has dropped a little since my purchase.
This new buy adds $51.61 to my 12-month forward dividend income in The Fund Account.
My new total is $237.49 in 12-month forward dividend income in my combined accounts ( The Fund, Roth, Allowance).
I have reflected the change in the portfolio tab.