On our buy list: US Oil Sands and Chevron

Last month we opened a large position, equal to 50.4% of our portfolio, in American Capital Agency Corp. (AGNC). AGNC has a large dividend yield of 15.8%. We received our dividend from the Aberdeen Chile Fund (CH) on 1/11.

As we continue into the future, I plan to buy on margin. Again I am looking at the energy sector with stocks like US Oil Sands (USO) and Chevron (CVX). We missed Netflix’s (NFLX) amazing jump in January so we will stay out it for the time being.

The investments discussed are held in client accounts as of January 31, 2013. These investments may or may not be currently held in client accounts. The reader should not assume that any investments identified were or will be profitable or that any investment recommendations or investment decisions we make in the future will be profitable.

Author profile

Ben Wong
Ben Wong
I have been enlisted in the Marine Corps since 2006. Military Occupation Specialty is Ground Radio Repairmen. While in the military, I worked in other various fields of electronics including generators, computers and satellites. Lived overseas in Okinawa, Japan in 2008 and 2009. Did 1 tour in Afghanistan during 2010/2011.