I bought a new stock today. This is the first buy order I’ve placed in about 2 years.
As of this moment, the new stock is just under 50% of my portfolio.
To fund this purchase, I had to:
· Use my 30% cash balance
· Sell one-third of my position in Frost (CFR)
· Sell one-third of my position in BWX Technologies (BWXT).
I’ll reveal the name of this new position on the blog sometime within the next 30 days.