5-Bullet Sunday

5-Bullet Sunday – #8

This week was one of those weeks that was totally consumed by working around the clock, but then with a happy ending, because we got to go a weekend away with the family ๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘งโ€๐Ÿ‘ฆ

A nice little city called Wroclaw was our destination and I must say that it is a very nice old and historic town. If you are looking for a nice city-trip idea, then I can definitely recommend you Wroclaw.

I am currently writing this post from the train while we are on our way home, so I will keep this intro short.

Happy Sunday!

#BerkshireHathaway #WarrenBuffett #FIRE #Inspiration $MMM #3M #BuyTheDip #Options #OptionTrading #Carnival

5-Bullet Sunday is a weekly blog post with 5 topics that were on my mind this week related to Financial Independence and Dividend Growth Investing or something that just fed my curiosity. An overview of other earlier posts can be found here

๐ŸŒŸ Berkshire Hathawayโ€™s Annual Letter

Yesterday ($NYSE:BRK.B) posted their annual letter to shareholders. Reading this is one of those typical things that I am really looking forward to. The other one is the letter from Jeff Bezos and Amazon.

I will read it tonight, in my reading chair and like every year, knowing that this might be the last one in its current form. Letโ€™s hope not.

Enjoy the read! ๐Ÿ“„

๐ŸŒŸ Special FIRE story

The great thing about the WordPress app is that you can easily discover other blogs via its Reader. This is how I recently stumbled on FIRE with Family.

They live quite frugal with the whole family and their journey isnโ€™t easy. They seem to be a typical middle class family, but very accountable in the way they live from both a debt and building wealth point of view.

I very much encourage you to have a look at their blog. Itโ€™s still having limited content because they just started out, but I find their story very inspiring.

๐ŸŒŸ Purchase order 3M

The #coronavirus is still keeping the invisible hand above the market and companies with a strong dependency on China are typically impacted. This is no difference for 3M ($MMM) with their large manufacturing sites in China.

I find these kind of share price dips very interesting even though it will have an impact on their quarterly earnings. I look at it in a very simplistic way: it is either of short-term nature and the stock will recover quickly, so this provides a buying opportunity OR a pandemic breaks out and we will be all screwed anyway ๐Ÿ˜ท

Having said that, I placed a purchase order to add few shares at 155 USD and I placed an order to sell a put-option at 140. The latter will give me a small premium for waiting and hopefully even an opportunity to buy additional shares at a 10% further discount.

๐ŸŒŸ Options Trading

I have been trading some options in the past to add some additional income and it has done me generally quite well . Lately however I havenโ€™t really been doing it anymore, because stocks often seem so overvalued that I didnโ€™t even consider collecting option premiums.

From the other side I agree with Jim Cramerโ€™s quote that โ€œthere is always a bull-market summerโ€. Inverted it means to me that there is always a stock near to undervaluation, hence why I will put some more attention to selling put options again.

From my experience this can sometimes cover around 50% of my monthly dividend income, because I am still in the accumulation phase.

I got reminded about this additional income when reading the blog from https://stashingdutchman.com/, so kudos that him for inspiring me!

๐ŸŒŸ Carnival

This weekend is Carnival in several regions in Europe and I know that the strong wind has resulted in some parades being cancelled. This is definitely no fun, because some groups have been working on their cars for several months.

Luckily the wind is not able to get into the pubs, so your beers should be save ๐Ÿบ๐Ÿบ๐Ÿบ

For everyone who is celebrating this, enjoy and send me some pics ๐Ÿป

German Carnival
Source: https://www1.wdr.de/unterhaltung/karneval/rosenmontagszug-koeln-zwanzigzwanzig-100.html

This was it for the week. and I hope that you enjoyed this weekโ€™s 5-Bullet Sunday.

Feel free to ask any question via the comment section or subscribe to this blog if you want to be notified for any upcoming posts.

For now, have a great Sunday!

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Mr. Robot
7 months ago

Nice blog you have here, came from a fellow dutch blogger so I’ve subscribed! ๐Ÿ™‚

I’ve been reading about options and it still sounds very interesting but need to look into it more before I even think about starting.

7 months ago

alleen jammer dat je bij De Giro nog niet kunt handelen in opties ๐Ÿ™

ik ga ze maar weer eens een mailtje sturen,

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