What a great day to buy stocks!! Bought 3 today; RVT, ENB, HIG

[Cabin111]

You didn't hear about the world health organization calling coronavirus a pandemic today?

Yeah, I heard...Also it looks like 1% will die from it. But it seems like those who are older and who have compromised immune systems are the ones with the biggest concern. Growing up in the 1960's and 70's (US), the life expectancy was 69.77 (men and woman combined, 1960). We have made great progress...Life expectancy in 2019 (US)...78.87. Not being morbid (wish long life for everyone), yet many older people will die from the coronavirus. Just as the flu takes out many older people each year, it will be 10 times worse for the next few years. The Spanish Flu death rate was 2-3%. Yeah, it is bad...Very bad. But it is not the Spanish Flu, yet is not like anything we have seen for over 100 years. Value is there...We just need to look for it.

 

[Amun Ra]

Have you checked out WELL? It's dropped almost 50% in the last 30 days, so the dividend is up to 7.6%. I just picked some up today myself. Waaaay over sold.

Price is $45.05 as of this writing.

 

[Amun Ra]

Yeah, you make think I'm crazy...Had a lot of money on the sidelines.

Royce Value Trust...Will pick up their dividend because I bought today...Over 8%. A great value investment for a retiree.

Enbridge Inc. A Canadian and US pipeline...Put my price in for about $37.50 on Saturday...It had closed on Friday at 38.02. I think I picked it up for $33. something. Over a 6.25% dividend!! I know what oil is doing today...And their dividend may not hold...I get it. But if wells get capped, the ones that don't have to get their oil and GAS out of Canada to the ports in the US. A good value...In my Roth IRA. Do not have to file a special paper (for tax withholding) since it's a Roth IRA...Canadian company.

The Hartford Currently over a 2.5% dividend...If it holds. Last week my neighbor was complaining to me (here in California) that both his auto and home insurance was going thought the roof!! I looked into possible buys for this area. Currently a P/E of 8.35. Yes, they may get hit in their life insurance side...But it seems the virus is hitting/killing older people...Who have paid a lot into their policies. They have their hands in so many other area of insurance/mutual funds. The stock closed at $50.96 on Friday. On Saturday I put a buy order in at $49.98...Picked it up for $47. something.

To be open and honest...Here are some of my worst performers for today, Monday; BP, GE, CVX, ZION. WFC, WY.

Just saying there may be good buys for the value (retired) investor, that are looking for income and industry leaders...

If you just waited a week, you would've got an 11.21% dividend on RVT. You could've picked up enbridge for $27 and had a 7.77% divy. Hartford you could've picked up for 33.50 instead of $47.

I guess it wasn't a good day to buy, but hindsight is 20/20