3.05.2010

Verizon purchase

I finally feel like an investor and not like a speculator. I bought common shares of Verizon today, making my portfolio 17.25% Verizon, 36.7% MGM Mirage, 25% AgFeed, 15% VMWare, and less than 6% Bank of America. The Verizon investment is practical. The company is paying a 6.5% dividend and that's better than anything I can find in the money market. AT&T is going to lose its exclusive right to sell the iPhone and Verizon has the better network. I see long-term capital appreciation, and a good dividend until then. Isn't that the way you're supposed to do this?

Plus, Verizon still owes me $260.00 and I'm going to get it one way or another.

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