Friday, October 15, 2010

Bought ConocoPhillips and Altria

Today in my Fidelity account I bought 167 shares of COP at approx $60 per share.  That's about $10,031 total.  Commission was $7.95.  I might have bought more, but the price is at an all time high it looks like to me.  I bought COP because it has a PE ratio of about 9.5 and a dividend yield of about 3.7%.

I also sold $150,000 of VFICX (Vanguard Intermediate term bond fund) that was in my Fidelity account because I am worried that interest rates will go up (and there will be inflation).  I had approx $200,000 of VFICX and so I'll only have approx $50,000 after this trade.  I might buy VFSUX (Vanguard short term bond fund) with the money.

I also bought 400 shares of altria (MO) at about $24.95 per share.  That's about $10,000 total.   Fidelity.

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