The Investment Road to Freedom

May 23rd, 2012 at 6:40 pm

New Buy and New Sell

Today I decided to close out my position with AMD by purchasing back my covered call for $21.97 including commission (I sold the covered call back in March receiving $46.02 after commission), taking my yearly options income for 2012  down from $85.04 to $63.07. After buying back the call I then sold my 100 shares receiving $592.22, again after commission. Overall my trade with Advanced Micro Devices left me with an overall loss of -$156.68. I had lost faith in the company and after a recent fall I decided to back out.

I then brought 8 shares of McDonald’s Corp (MCD) at $91.09 per share which will pay me $22.40 in dividend income per year. McDonald’s reputation is well known. They are the largest chain of hamburger fast food restaurants on earth and do business in 119 countries and are really stepping up their growth in China. I am very happy to welcome MCD to my portfolio and expect them to be a big player in my Investment Road to Freedom fund for years to come.

  • Deedubs
    8:35 pm on May 24th, 2012 1

    Nice purchase of MCD. I also picked up some shares this month, albeit at a slightly higher price. I think the company will continue to do well for many years.

    6:51 am on May 26th, 2012 2

    Thanks Deedubs. I’d like to add to my position as funds increase

  • Liquid
    11:23 am on May 29th, 2012 3

    I have MCD as well in my registered account. Not only do they have the most efficient supply chain, but they also own the land they do business on instead of renting, which makes them a diversified play into commercial real estate as well. Great company for any long term investor.