So I had a reader ask last week if I could comment a little on why I purchased what I did. I wont always have time to go in depth as to the why's but this week I will try to explain a couple.
Oak Tree Capital - I am invested in this company because of Howard Marks. Earlier this year I had the chance to listen to his audio book and really liked it a lot. Here is a brief overview of his company thanks to yahoo:
Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities. The company pursues these strategies through closed-end, open-end, and evergreen funds. Oaktree Capital Group, LLC was founded in 1995 and is headquartered in Los Angeles, California.
T Rowe Price - I think its undervalued and I like the fact the company has no long term debt. Jason Fieber recently wrote a good overview.
Altius Minerals - Altius is very similar to RGLD, SLW and FNV, but really the only one that is still cheap. I am a huge fan of management as they are the best in the business. Brief overview of the company:
Altius Minerals Corporation engages in generation and acquisition of mineral resource projects, royalties, and investments in Canada. The company owns royalties and streams in 14 operating mines of copper, zinc, nickel, cobalt, precious metals, potash, and thermal and metallurgical coal; and pre-development stage royalties in mineral commodities. Altius Minerals Corporation was founded in 1997 and is headquartered in St. Johns, Canada.
Sprott Inc - I believe that we have entered a new bull market in precious metals. Sprott is one of the largest beneficiaries of a bull market in this sector. The better this sector does, the more fees this company will generate. They are debt free and pay a 5% dividend. Brief overview of the company:
Sprott Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts. Further, the firm also provides broker-dealer activities. Sprott Inc. was formed on February 13, 2008 and is based in Toronto, Canada.
Here are my purchases over the last 10 days.
This week I increased my annual income by $74.85. Here is what I purchased:
- 24 shares of OakTree Capital (OAK) or $1050 - This will increase my annual dividends by $55.68
- 5 shares of T Rowe Price (TROW) or $490 - This will increase my annual dividends by $10.80
- 67 shares of Altius Minerals (ATUSF) or $470 - This will increase my annual dividends by $6.03
- 8 shares of Sprott Inc (SPOXF) or $15 - This will increase my annual dividends by $.72
- 3 shares of Whole Foods Market (WFM) or $92 - This will increase my annual dividends by $1.62
- 225 shares of DRXN 3x Inverse Miners (DUST) or $1100
- 1 shares of Chipotle Mexican Grill (CMG) or $400
If you wish to view all my completed trades, you can find them located here.
(Sometimes the posting of my sells can be delayed by a couple days to even a couple weeks depending on when I get around to updating the spreadsheet.)
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