The original Sharpe Income post can be found here.
The Sharpe Income category be found by clicking on that red ‘Sharpe Income’ tag next to this post title, or by clicking here.
We continue the discussion from the last entry.
I feel that when I run projects such as this, far too often, readers and folks who are new to the markets can get pulled into the vortex of “when we ‘gonna buy something?” Like an ever increasing stock-addiction, rather than focus on a disciplined approach to monitoring assets that produce income, it can too easily turn into a race to buy more yield.
This leads to a secondary problem.
That of watching the price of the stock, rather than the development and structure of the companies that produce said income.
For example, I own American Express (AXP) as an income producing asset. For myself, in my own income account. As well, we have placed American Express (AXP) in this project, as an income producing asset. We recently made such a purchase, and the price of American Express (AXP) fell.
And then begin the questions
Is it time to buy more American Express (AXP)?
Why is American Express (AXP) falling in price?
How far do you think American Express (AXP) will fall in price?
Let me be clear. While it is important to know the price of American Express (AXP) stock, it is not my primary consideration. What I do care about, is the state of business of American Express (AXP). Or International Business Machines (IBM). Or Union Pacific (UNP). Or any of the other companies that I own for income. Beyond that?
I just don’t give a rip.
What do I give a rip about? I discuss that in the following video entry ….
The link to the Google Drive Spreadsheet that you can view, that we will edit, build upon and refer to over time can be found at this link.
We continue the Sharpe Income project with this next entry.