Thursday, December 27, 2018

Stock Purchase

12/24/18  Increased GLP position 100% at 13.80
Average cost on 10/13/14 through 12/21/15 of 24.81**, 
is reduced to 19.31

** GLP average cost is NOT adjusted lower
to account for the large dividends received.

GLP's current dividend is $1.90 per year




With 85% cash in my 
Back-to-Basics portfolio,
I needed to reduce 
my cash position,
and the best investment 
I could find was to 
double my only 
remaining position,
( GLP is an MLP (partnership),
with an unusually volatile
price per share, for reasons 
I don't understand,
and seems to track the price
of oil, even though they
mainly sell gasoline !
GLP was over $20 a share
in early November 2018 ! )  

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