Wednesday, March 19, 2014

Buys - KMI

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.


  1. I think you've picked up a solid company here and at a great value! Glad to have you as a fellow shareholder!

    1. Thanks W2R. I'm happy to know that you are fellow shareholder. I'm looking at ESV next but it has popped a little since the high 40s. If not, maybe I'll buy more KMI at these levels.

      Thanks for stopping by. Take care.

  2. KMI is a great company and treated me well while I've been an owner. I'd like to buy some more but it makes up about 5.5% of my portfolio which is a bit high for my liking.

    1. Thanks PIP for stopping by. I might consider buying more share of KMI next month if I have more capital. I was looking at ESV as my next buy, but it has popped a little bit over the last week or two. PE is still under 10 even with the recent pop.