Latest Stock Buy: 260 shares of WPG

Updated: 4 April, 2020 seen 82

On March 31, 2020, I bought 260 shares of Washington Prime Group (WPG ) at $0.861 per share. I'm looking either this stock will go bust or will rebound like a bandit.

I first bought this stock back in 2018 paying $6.26 per share, I have been then selling occasionally puts on it (strike price $5) and have acquired some more ever since. 

Starting mid-2019 I have been looking on WPG with suspicions, and thinking to find a good exit point, unfortunately, it has never bounced back. And in March 2020, during Covid19 lockdown, it collapsed down under $1 dollar per share

WPG share price Apirl 1, 2020

WPG share price April 1, 2020

Prior to this new purchase, we had 240 shares of WPG and my cost basis was $5.95 per share. 

By adding 260 (more than doubling) shares of WPG I managed to decrease my cost per share down to $2.92.

With dividend slashed (twice( to 0.0625 per share this latest buy has a dividend yield of 29% and will pay us $16.25 (before tax) every quarter. 

For the rest of the year, we are looking to take $41.42 (after tax) from this buy, which is about 1.15% from our $3,600 goal for 2020

2019 in Review and Financial Goals for 2020. 

In total WPG now contributes about $106.25 (after tax) yearly to our dividend income portfolio.

The Bottom Line

This latest buy is a gamble, but as it didn't require a lot of money to invest. This is the gamble I'm ready to take. As they are saying in the Bitcoin world - to the moon now


Hi! My name is Reinis Fischer (38), a proud dad and devoted husband. CEO and Founder of Terramatris crypto hedge fund, drone enthusiast, world traveler, photographer, and passionate lover of Georgian cuisine (vegetarian).

An ex-pat living in Georgia since 2011, I trade stocks, take photographs, work out at the gym, and many more. Here I write about travel, finance, and other things that might interest me.