I have now deployed all the cash I raised from selling my Brookfield Property Partner shares (BPY or BPYU). What did I buy? See this table. In my previous blog post, I showed a short list of prospective buys I was considering. See here. Out of that list, I chose not to add … [Read more...] about What I bought to replace Brookfield Property?
Costco just announced a special dividend of $10 per share, payable in December. This is their fourth special dividend payment to the shareholders in last eight years. It’s called special dividend because it is in addition to the regular dividend that Costco pays every quarter. … [Read more...] about Costco and its special dividends
It has been more than six months since the pandemic started affecting the global economy. Many dividend paying businesses were impacted too. In response, some stopped or cut dividends. But not many businesses that I own have gone that route. I wrote a blog post in May this year … [Read more...] about Dividends, six months later
According to a recent WSJ article, eighty-three U.S. public companies have either canceled or suspended dividend payments so far this year. And another 142 companies have reduced their dividends. The journal went on to predict about 10% decrease in dividend payouts overall this … [Read more...] about How are my dividends holding up?
About a year ago, I had opened a hedged Apple (AAPL) position. The goal was to invest cash in an asset where I could benefit from the upside but also limit my downside risk. The cash I had invested was my dry powder cash—the kind of cash that I would need some day to buy stocks … [Read more...] about I closed my Apple bet
About seven months ago, I wrote a blog post on an Apple protective-collar position I invested in. It was a defined-outcome type investment where I only took limited risk (less risk than holding long Apple shares). I called it my Apple bet. It was a 27-month long position. So … [Read more...] about Update on my Apple bet
Over the last few months, I have written multiple times about real assets. So I won’t belabor the benefits and opportunities in real-estate (and other hard assets) investing here. To wrap up the series of posts on this topic, I’d like to roll up all my related investments and … [Read more...] about A quick look at my real assets portfolio
In a blog post last month, I wrote about my investments in real assets (see An opportunity to invest in real assets). Real assets are physical assets like real estate (homes, office buildings), infrastructure (bridges, pipelines), and commodities (oil, gold). These are tangible … [Read more...] about My unfinished business with Kinder Morgan
One of my all-time favorite authors on investing is Howard Marks. He is a practitioner (not an academic) but also has a way with words. It’s not just me—Marks’ memos are widely read. His first book, The Most Important Thing, was a best-seller. His memos—which he regularly … [Read more...] about An opportunity to invest in real assets
I wrote about my principal-protected investments in a February blog post (Market neutral investing). Those are only a tiny fraction of my portfolio. I only use them for my liquid capital—money that I might need in short order and therefore can’t be tied up in ordinary … [Read more...] about Careful with defined outcome investing