Now that I am a homeowner, I’m going to diminish the amount of capital that I invest for a few months in order to build up an emergency fund and pay off some credit card debt. At least, that would be the smart, safe, responsible thing to do. But screw being a responsible adult, lulz. Where is the fun in that? There are a lot of attractively valued stocks these days, especially in the energy and REIT spaces. So I thought what the hell, let’s kick start the month of July with a sexy purchase, because I love sexy purchases. On 7/9/2015 I purchased 32 shares of OHI at $35.36/share, for a total investment of $1131.52.
I already owned a small position in Omega Healthcare Investors before I even started this blog as it was one of the first stocks I ever purchased. I then added a big chunk of equity to my position back in April, when it was already selling pretty cheap. And now, given the current prices, I felt like it was a great opportunity to make a full position out of it.
Omega Healthcare Investors now provides the largest amount of passive income in my portfolio, far ahead of the previous two kings that I had in both Chevron and Starwood Property Trust. The latter each generate around $85-$90 in annual income, while OHI’s yearly payout sits at over $130.
This will probably be my only stock purchase for the month of July. If I wanted to go full yolo I could deploy another $1000-$2000, but I really do need to start keeping aside some cash for an ‘oh-shit’ fund. No fun, I know 🙁
What do you think of OHI’s current prices? Is it a stock you’d want to buy these days? Talk to me in the comments, yo.
Disclosure: long CVX, OHI, STWD