Saturday, January 2, 2016

I'm selling AT&T when it hits $35.00. I'm buying JNJ when price drops to $100.00. I will keep my powder dry.

1/2/2016 limit order, sell all 72 shares of AT&T at $35.00. Good until cancelled. Expires 60 days later on 3/2/2016. After fees subtracted the proceeds will be $2,511.00.

T does not have a very good credit rating which means some time in the future the dividend might not be sustainable. I want super safe investments only. Until my sell order is filled I will reinvest the T dividends into JNJ.

Only three companies have the highest possible AAA credit rating, Microsoft, Exxon Mobil, Johnson & Johnson. Microsoft sucks. The oil business sucks. That leaves only JNJ.

So fuck being diversified. Only one company meets my criteria which is extremely safe with a rapidly growing dividend. Buy only JNJ and only when price is at $100 or lower. I will keep my powder dry.

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