Well the presidential election is over. I'm not sure what it was like in the states but I remember for the Kerry Bush election in 2004 that you couldn't escape the "election storm." It was the same when the new Star Wars prequels launched. No matter where you went or how much you tried to avoid it you couldn't go anywhere without seeing Yoda, or Anakin on a cereal box or in a TV ad. I'm sure it was the same with this election. It was I'm sure inescapable for many for the last two months. Everybody was talking, debating, and choosing sides. I'm all for the democratic process but sometimes it feels just a bit overwhelming and invasive.
I live in Japan and get to jump into and out of the storm when I want. If I want to debate politics (I don't) I'll find some foreign friends. If I want to read up about the races I will. But for the most part I stayed out. Frankly I think the president has very little control over the immediate economy. Any changes he makes, or rather tries to make, will take years to have an effect.
But Wall Street reacted and I picked up a stock at a cheap price. I had mentioned before that I had two limit orders sitting in my brokerage account. One was for KMI which triggered a few days ago. Another was for INTC. I initiated a position with INTC around $25 but since then it has fallen. People are constantly announcing the death of the PC but I think it's a bit premature. Sure, one day maybe twenty to thirty years down the road the traditional PC will be out but something will replace it and I don't think it's going to all be iPads. Intel has been around for a while and they are the best at their game. I think this is a great stock that will continue to pay me for a long time.
Long story short I picked up an additional 33 shares of INTC at $21.20 a share. This will add $28.68 a year to my annual dividend income.
I'm hoping to have a snapshot of my portfolio up before the end of the month for all to see.
As a fellow ESL teacher living in Korea who is also planning on becoming FI at an early age, I have really enjoyed the past couple of hours reading through your posts from the beginning. I wish you the best of luck and look forward to reading more of your posts.
ReplyDeleteHi Christopher,
DeleteThanks so much for stopping by and taking the time to read my posts beginning to end! To be honest I started this blog with the aim of building an audience of ex-pats like you. I noticed very quickly however that that was a very niche audience and frankly many ex-pats that I know are nice guys but not interested at all in finances. I'd like to post more about ESL and living abroad if I could grow that audience. I have a few articles that are very Japan specific so I hope they reach the intended eyeballs.
Thanks again for reading. Hope to hear from you in the future.
With the economic troubles still happening in North America, you will see more and more post-college graduates coming to Asia in search of jobs. Growing up and living in Japan and Korea for most of my life, there has been a huge surge of "gai-jin" teachers over the past few years (especially in Korea). The market for ESL teachers in Asia will only grow (China is next..), so will the need for good, sound, common-sense financial advice. Keep at it!
DeleteTyping that made me really crave Japanese food.. Weird. Haha
Nice buy Kechi!
ReplyDeleteINTC is really cheap right now, and like many others have alluded to, the demise of the PC is over-stated. This move should work out and pay dividends (literally) in the long run!
Apprecite it fifighter!
DeleteFor sure! Intel does have some ground to make up in the mobile space but that just means it have unrealized revenue streams to tap. They pay a great dividend as well. What's not to like?!
Good purchase Kechi. INTC is a bargain these days, no doubt. I'm already happy with the size of my Intel position or I'd buy more. I've read about the new line of mobile processors they are working on, it sounds like it will be an ace up their sleeve. We will have to wait and see though, technology can change fast. INTC is one of only a couple tech stocks I'm comfortable owning.
ReplyDeleteThanks CI!
DeleteUntil they unveil something nobody will know! But once they unveil it the stock will have already corrected so gotta get in when the gettings good. INTC has dipped more since I picked it up but I'm thinking of increasing positions in other stocks before coming back and getting more of this.
I own AAPL to just because I've always been an AAPL fan even when it wasn't popular. It doesn't really fit my portfolio so once it pops back up I think I'll dump it and pick up a more dividend focused position.