Oil In My Pocket
The Buy On August 5th I bought 12 shares of ConocoPhillips at $80 or an initial yield of 3.65%. After my review of COP and looking at my alternatives I decided this was a good buy for the price. This purchase will increase my annual revenue by a good $35 dollars. This brings my number of positions up to lucky number 13 in my taxable account. While I did not have enough cash from July I do have some cash saved from earlier in the year to use for the next couple of months. When that runs out hopefully I will have my budget in better shape and have saved more. COP ConocoPhillips is a major international company in the energy field. Their diversification in the many areas of energy production and transportation play well nicely with the energy companies I already hold. This I my first energy conglomerate while the others I hold are more specialized. Dividend Life did a compare on the stability of the dividend vs. XOM. XOM won...