August 23, 2020
We have added to our holding in TASC and IBSD today.
This puts our current total shares as listed below:
BBOB – 10,000,000
IBSD – 5,000,000
TASC – 6,200,000
Total shares to date – 21,200,000
As we stated in a previous post, we didn’t buy the bank stocks as they will not pay out or pay out minimal dividends for a while. Both George and our broker strongly suggested we build our TASC shares first. Our goal is to allow people to get an annual share of dividend payouts. This is why we will concentrate on building TASC shares for a while. We know there should be a mixture of both growth and income stocks. TASC fits the bill for both.
The number of shares will not be as explosive as some may want as TASC shares are much higher than many stocks in their market. While fairly expensive among the ISX offerings, it has paid out one dinar per share for the past three years. It will be far better to have high paying stocks as opposed to a volume of shares that pay out very little or those with little to no growth potential.
We will keep purchasing TASC for a while before adding other stocks. Once we reach at least 50,000,000 shares we will begin buying up a variety of other stocks as we don’t know which ones are poised to explode once the value of dinar changes.
With that, we will also slowly add IBSD stocks as well. This company paid out 15% dividends this year and is much less expensive than TASC. They are also in strong growth category.