James’s Latest Stock Purchase

by James & Miel on July 20, 2006 · 0 comments

As you may recall, Miel and had an unexpectedly large tax return from 2005. In an effort to hold onto some of the money before we spend it on living expenses, I decided to contribute about a thousand to my ROTH IRA in addition to the money we had already allocated to stocks.

After making the deposit and and selling my shares of Microsoft (only 10, because I’m a stock market tycoon), I had about $1,300 to invest.

With this, I bought 50 shares of Denny’s (DENN). I had mentioned previously why Denny’s seems like a good turnaround prospect. I would have bought 100 shares, but the stock has been sliding based on a slightly negative earnings report, and I thought it made sense to reduce my exposure.

Also, I increased my position in Marriott International (MAR) by a grand 20 shares. I did this for two reasons. First, Miel and I stayed at Marriott in Thailand and we were both much impressed with the service and quality of the visit. Second, the company has recently upped its dividend and announced a split in response to increased earnings. Basically, I think that Marriott runs a pretty tight ship and I don’t mind owning a small part of the company.

Best,

James

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