Bought: Investors Real Estate Trust (ticker: IRET)

Looking for niche plays

In continuing to “top off” many of my existing positions I went ahead and added 75 shares of Investors Real Estate Trust (ticker: IRET) to the DDI portfolio today.

Investors Real Estate Trust is probably one REIT you’ve never heard of because it focuses on a very small niche, owning properties in Minnesota and North Dakota. Because of it’s geographic focus, it may be well situated to benefit from the recent economic boom that has been going on in North Dakota within the oil industry.

Risk / Reward

I tend to favor REITs when looking for companies to add to the DDI portfolio because of the fact that they own hard assets which makes it more difficult (but not impossible) for the book value of the company to fall to $ZERO. To be completely honest, owning this stock is all about yield which is currently right around the 7% mark. Adding these shares will increase the first month quarterly payout by $9.75.

As I’ve mentioned before, because most of my individual positions are less that $1000 in value and since the portfolio is on track to make $500/month (and growing) – I’m comfortable with the risk/reward scenario that investing in these shares offers.

Conservative Plays

I’ll look to add on to one of my more conservative holdings for my next investment in an effort to balance the overall risk of the DDI portfolio. Overall the DDI portfolio continues to perform as expected, delivering over $500/month in income in both month 1 and month 3.

With the continued downward pressure on share prices I may begin to add additional outside funds so that I can capitalize on depressed share prices when the market offers them to me. Mostly this will be a function of how well or poorly my other income sources perform in the coming weeks and months. Ideally I would like to build the DDI portfolio up to $250k in base value before leaving it on auto-pilot to become a true unmanned cash flow machine!

Did you enjoy this post?

If so, you might want to check out some of my other recent buys including:

Gladstone Investment Corp

Century Link

Pfizer Pharmaceuticals
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Bought: Disney (ticker: DIS) & Cherokee (ticker: CHKE)

• Think positive Think long-term
  

On day’s like today when the markets give you a head-fake, it’s sometimes hard to remain positive.

The morning started off on a positive note rising over 70 points but by day’s end there were more sellers than buyers – we would be going into this weekend on a losing day – down almost 180 points.

Fear not, I like to use days like this to look for bargains and I think I found a couple…

Buying stock today! Are you crazy?

I admit it. I bought stock today.

I know, the markets are going to ZERO, the double dip recession is just around the corner, thousands more employees are getting pink slips and real estate will never get better. We’re all going to HELL!

But I bought anyway…

Bought: Gladstone Investment Corp (ticker: gain)

Going for the Gain

It’s time to buy some Gain. Not the Proctor & Gamble laundry detergent, but rather Gladstone Investment Corp. who’s ticker symbol is GAIN.

After reviewing yesterday’s list of dividend increases, Gladstone Investment Corp. caught my eye for a couple of reasons.

Number one of course is the above average payout which is hovering right around an 8% annual yield.

The second thing and perhaps even more important to the DDI portfolio is the fact that this is a MONTHLY dividend payer. That’s important to the DDI portfolio because it means cash will be flowing in on a more regular and constant basis which in turn allows the portfolio to re-invest funds all that much sooner.

But, can it all be that easy?…