That last one was definitely a splurge. Honestly though, it seems like a good investment. Mrs. Dividend Reaper takes extremely good care of her things and we hardly ever have to replace any of her things. Pair that with the fact that she deals with me and you have a recipe for deserving a nice pair of jeans (for the first time in her life). If we're being extremely honest however, my purchase of a new rifle took the cake as far as large line items.
I digress. We're here to talk about what we did with the remaining balance after all was said and done in December and the beginning half of January. That I am happy to admit is not as bad as I thought it was going to be. Admittedly, it was much less than normal. However, both the wife and I worked both the Christmas and New Years shift so we obtained even more than usual through the nice boost that overtime pay provides.
With this excess amount, I decided to set my eyes to acquiring more of a stock that I have wanted to acquire more of for a long while. That stock is Gamestop (GME). This is not a new entrance into the company per se but it is an additional purchase into what I deem to be one hell of a company.
Don't let the price fool you. Even though the name Gamestop (GME) makes it appear that they only make their revenue through the purchase and sale of video games, the company is far from a one trick pony. In fact, they have adapted well to the diminishing trend of video game sales. They have been moving a lot of assets into new Mac retailers and the collectible markets. Both of these provide an increasingly large revenue stream that I believe will become their new model.
That being said, I will break down the purchase below:
Purchased 60 shares of GME @ 23.915/share
Total purchase: $1,444.89
Additional Annual Dividend to the Dividend Scythe: $88.80
New Projected Total Dividend Income: $670.17