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HarryCarysGhost (99.70)

New stock for the port.

Recs

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June 15, 2011 – Comments (14)

Hey y'all.

I thought I would disclose my newest investment, not that you should really care. Just more for discussions sake.

Let me do the disclosure first- it's all on you Magoo, don't be a follower.

Alright, that being said let's get to brass tacks-

It's been pretty apparant that Mr Market has wanted to do a faceplant for quite some time now. I'm not a doom and gloomer by any means but things just did'nt look cheap to me so I sat on the sideline with any new money. Honestly stocks still don't seem cheap but I think this is a good time to implement a simple plan.

THE PLAN-

I'd like to buy the world a coke, in perfect harmony, coca-cola.

Yes my freinds KO is my final decision.

BORING.

Yeah, I know but with my silver exposure and the penny stocks I get plenty of excitement, so I was looking for something steady, even during the crash KO was pretty safe and I think the low never went below $40.

Your probably thinking-

Harry-noooooooooooo! If you own both KO and BUD you'll never win at Mad Moneys am I diversified.

I've taken that into consideration, and that's just a risk I'm willing to take (I might call the little feller just to see what he says)

I could go with-

BUD, CBOE, GE, KO, V

Or to mess with his head-

BUD, KO, GPL, EXK, SPKL

My freind djshagggyd once said something that I really took to heart- Keep It Simple Stupid and this is as simple as it gets.

Buy $500 worth of KO in a D.R.I.P (minimum initial investment)

Add $50 each month.

No commissions, I can scrape fifty bucks together each month . Constantly buying more shares and dollar cost averaging. And yes we even have one of my favorite investment tools Compound interest. SCHWINNG!

So this works for me.

 

If I may do a shameless self promotion I can be found blogging here-

Fantasy Baseball for beginners

So if your into FB and enjoy my particular brand of nonsense, stop on by, my goal is to always entertain.

If my stuff is'nt your cup of cinnamon schnapps, theres something for everybody there, go ahead and surf around. Check out Lemoneaters stuff she truly rocks. I'll come back with the link to the main page.

Cheers.

14 Comments – Post Your Own

#1) On June 15, 2011 at 11:27 PM, HarryCarysGhost (99.70) wrote:

www.bloggerzoo.com.

Here's the site Chris Graley started. Has potential.

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#2) On June 16, 2011 at 3:11 AM, Valyooo (99.37) wrote:

I was in Hawaii when you wrote the blog about the CEO soiling his suit, so I could not respond...hilarious.

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#3) On June 16, 2011 at 6:51 PM, HarryCarysGhost (99.70) wrote:

Glad you liked it man,

Is this how the convo went when planning your trip ; )

http://www.youtube.com/watch?v=T9cY5xwEhwk

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#4) On June 16, 2011 at 6:59 PM, truthisntstupid (82.69) wrote:

Hi Harry!  I bet KO won't let you down 5-10 years from now! 

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#5) On June 16, 2011 at 7:20 PM, HarryCarysGhost (99.70) wrote:

Got that right truth,

It's going to be a slow proccess but I'm looking forward to seeing how many shares I own in 20 yrs. at that point I'll be close to retirement and might have to move it towards something more income orientated. But for now I'm content to sit back and watch compound interest work it's magic.

I wonder if your at a certain age do they still make you automatically re-invest the div. That does'nt seem right.

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#6) On June 16, 2011 at 7:39 PM, truthisntstupid (82.69) wrote:

Harry,

In 20 years how many times might the dividend have doubled?  You may not need to find something more income-oriented.   Your yield on cost might be higher than any alternatives you might look at.

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#7) On June 16, 2011 at 8:08 PM, HarryCarysGhost (99.70) wrote:

Yeah, but I remember you telling me that you were forced to reinvest the div. At some point I'm going to want the check every Qtr.  I really did'nt research that part of it since it seems so far away.

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#8) On June 16, 2011 at 8:33 PM, HarryCarysGhost (99.70) wrote:

Duh! I suppose I could just move the KO shares to another brokerage, that will send me a check if the DRIP refuses to do that.

Thanks Truth, I've never been accused of being the sharpest tool in the shed, but if I think about things for awhile I can usually figure it out with a little help from my freinds.

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#9) On June 20, 2011 at 1:48 PM, lemoneater (82.08) wrote:

Thanks for the kind comment, HarryCary :)

Based on the hot weather we've been having, I think that KO will have a grand slam season.

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#10) On June 21, 2011 at 8:24 PM, HarryCarysGhost (99.70) wrote:

Hmm, this is going to be trickier then I thought. KO keeps pushing me towards Compushare their transfer agent, who charge a small fee.

I sent for the pospectus so I should know more later this week.

It's not official until I do a pitch and add the green checkmark. I was just excited that I finally made up my mind after probably three months worth of hand ringing and a full notebook of possible picks.

Thanks for the kind comment, HarryCary :)

Not a problem Lemon I enjoy reading your work.

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#11) On June 21, 2011 at 8:51 PM, truthisntstupid (82.69) wrote:

Computershare investment Plan

for

The Coca-Cola Company

Common Stock

 

Schedule of Fees

The minimum initial investment for non-shareowners is $500.  A one-time $10 enrollment fee to establish a new account for a non-shareowner, plus  $0.03 per share purchased, will be deducted from the purchase amount.

The subsequent minimum additional purchase is $50.

Cash purchases are subject to a maximum annual amount of $250,000.

Each optional cash purchase by check or one-time online bank debit will entail a transaction fee of $3 plus  $0.03 per share purchased.

If funds are automatically deducted from your checking or savings account, the transaction fee is $2 plus  $0.03 per share purchased.

Returned check fee is $25.

ACH reject fee is  $25.

Each dividend reinvestment will entail a transaction fee of 5% of the amount reinvested, up to a maximum of $2 plus  $0.03 per share purchased.

 

Sales

Each batch order sale will entail a transaction fee of $15 plus  $0.12 per share sold.

Each market order sale will entail a transaction fee of  $25 plus  $0.12 per share sold.

Fees are deducted from the proceeds derived from the sale.

Fees will be deducted from the purchase amount.

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#12) On June 21, 2011 at 8:56 PM, TheDumbMoney (38.50) wrote:

There is an online brokerage named Firstrade that charges $6.95 for an initial stock purchase, and then lets you reinvest dividends for free.  (Other online brokerages may allow free dividend reinvestment as well.)  Future stock purchases would cost $6.95 though.  You can compare the long-term cost of that system to Computershare, depending upon how you want to invest, and how often.  Computershare also charges if you purchase additional shares, too.  Computershare does not have uniform fee policies; they differ by company.  If all you want is an initial investment and then to let dividends compound forever, Firstrade may be best, assuming of course that they keep their dividend reinvestment policy in place.

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#13) On June 27, 2011 at 8:39 PM, HarryCarysGhost (99.70) wrote:

Ok, here we go. Sent the check and will be doing a ongoing pitch about this.

Strap yourself in... ; )

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#14) On July 15, 2011 at 9:56 AM, 4melody (24.45) wrote:

A little over a year ago I started buying shares of KO due to it's solid dividend and their product's popularity.

With a tad over 25 shares presently due to dividend reinvestment, my portfolio is up 21.30 % or $308.61 profit as of today. 

Using my Sharebuilder.com account, I'm able to make 12 purchases a month for $12.00 at the present time. They use to charge $20.00 a month for 12 purchases. They do not have minimum purchase requirements and they do not charge for reinvestment of dividends. 

I'll continue to add to my shares as I feel KO is a solid buy : )

Good Luck with your portfolio! ~ MKP

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