After reflecting on some of my investment thoughts for 2012, I entered into another position to buy GGN which currently gives a monthly dividend of $0.14 per month. The fund's investment objective is to provide a high level of current income. Overall, I think I am pretty bullish on commodities and thought that this might make a good investment since it is a close-ended fund which invests primarily in the equity securities of gold and natural resource companies.
My entering into a position in this stock was also partially influenced by Bryan Perry (who wrote the book about 25% Cash Machine) was bullish on this stock. This purchase makes it my first stock purchase for the year 2012 and I thought I better log it down so that I do not lose track of my investments.
Wednesday, January 11, 2012
Bought more Gamco Global Gold, Natural Resources and Income Trust
Categories:
25% Cash Machine,
Gold,
Monthly Dividend Stocks,
Portfolio
Subscribe to:
Post Comments (Atom)
LinkWithin
Recent Comments
That is a great buy. Actually, I not a gold expert, but I believe the correction in gold has ended, and that we are getting close to another bull market. I actually one ounce of physical gold and am thinking about buying more!
ReplyDeleteHi,
ReplyDeleteThanks for the encouragement. I don't know whether GGN is really a good buy. It is trading at a high yield and this could be an indicator that people are pricing something in which accounts for the high yield.
I would like to suggest a large holding company that has investments in companies involved in gold silver metals coal steel this is a very well run business its called anglo american. It trades under the Symbol [AAUK]
ReplyDelete