With Christmas behind us and New Year’s approaching I decided to get out of the small position I had in Westrock (WRK). Westrock makes cardboard boxes for companies like Amazon. The stock was at a 52 week high, and I had already received its dividend payout for the quarter. I would buy this one again if it drops to the mid or low 30’s. I bought 100 shares of Cisco (CSCO). Cisco had a rough 2019 with concerns about trade with China, but the outlook should improve in 2020. This stock is also due to payout its 3% quarterly dividend in a few weeks. This will be my replacement for Intel (INTC) where I’m sitting on a nice gain. In my quest for monthly income, I bought GAMCO Natural Resources Gold & Income Trust (GNT), which is paying a 10% monthly dividend. I was looking for a closed end fund that had a gold component and was focused on US equities. They also have a global version of this fund (GGN) which pays a 13.7% monthly dividend. I may add that one later, rather than buying more GNT. I’m still being cautious about closed end funds. I like that they can be traded like a stock. So, if any of them show signs of weakness or run up to high, I should be able to rotate into something else quickly. <\/p>\n","protected":false},"excerpt":{"rendered":"
With Christmas behind us and New Year’s approaching I decided to get out of the small position I had in Westrock (WRK). Westrock makes cardboard boxes for companies like Amazon. The stock was at a 52 week high, and I had already received its dividend payout for the quarter. I<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/158"}],"collection":[{"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=158"}],"version-history":[{"count":1,"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/158\/revisions"}],"predecessor-version":[{"id":159,"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/158\/revisions\/159"}],"wp:attachment":[{"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=158"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.budgethomepage.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}