Investing Update: Fighting With Myself
One of my investments is DOWN. It's awful. What I want to do vs. what I should do.
The commodity investing world is slowly getting more traction. The Uranium investing world is getting mentioned on sites like Bloomberg and the Wall St. Journal for the first time in many years. I have pivoted a little on some of the tickers I hold. I got exercised out of 600 of my 800 shares of Petrobras $PBR, so I am taking the time to share what’s next with my paying subscribers. Petrobras hitting another 52 week high at over $17 per share got my covered call exercised - and put $8K in the account. I actually didn’t want that to happen. Overall my numbers are still good, particularly in Uranium. The Petrobras rise was completely unexpected - I got exercised out for the 2nd time with the 2nd 52 week high in the past month or so. Here’s what I’m thinking of doing in response with a few of my investments:
Blackstone minerals. $BSM
As of now Blackstone minerals is at $16.60 per share. Blackstone Minerals pushes out a dividend, a healthy dividend of $0.47 per share. I'm going heavy into Blackstone minerals because of not only the dividend, but also the fact that it's possible that the Federal Reserve changes course. What do I mean by this? The Fed has painted itself into a corner. It doesn't have any more financial levers turn or dials to spin.
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