Often times I plan what I will do once I get my money right. Having several income streams is vital if you want to enjoy your stay on earth and partake in decadent hobbies like casually sailing the Caribbean or joining a Model-T demolition derby circuit.
One such plan I would rollout immediately if my net worth was say, EXPONENTALLY larger, would be to average into about 200,000 shares of AWK and collect the coupon. Think about it, you’re getting $0.92/share and the company provides water utility. Pretty damn stable.
Since high net worth is being pushed into the market, they will clearly divert their income producing funds to such a security and this rotation has shown in AWK’s multi-year tape. See the below monthly chart:
I bring the stock to your attention today as it’s nearing what could be an opportunity to get involved with the name at a decent price. See below:
I know we play high-beta names while dodging landmines for better or worse, but adding some stability to your portfolios isn’t the dumbest thing you could do.
Finally, my attention was drawn to said name by Mr. Cain Thaler, one of the distinguished tabbers of iBC. Thank you kindly good sir.
