I'm going to be away for a while without time to update this blog.
Even though I sold it 6 months ago, the BWP meltdown has really affected me and how I want to approach building a passive income stream going forward. I'm done speculating on high risk/high yield stocks. No more playing with fire for extra yield... LNCO and EIFZF have to go. This will be quite a daunting task because I'll need to replace about $500 worth of annual income between the two. I'm gonna to have to use the proceeds from the sales plus a lot of additional capital to keep my income stream intact. In fact I'm lucky to have a healthy amount of reserve cash at the moment or else all this would be impossible. I have a plan for replacing the lost income which includes buying MO, OHI, TD/TU, BP/COP, PEP, TGT/MCD and DE/GE depending on market prices. Yep, 7 stocks. I'm still comfortable with big tobacco & REITs; new PEP shares have already been purchased.
See you in March!