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{"id":14505,"date":"2020-10-25T22:19:03","date_gmt":"2020-10-25T22:19:03","guid":{"rendered":"https:\/\/businessecon.org\/?p=14505"},"modified":"2023-08-20T22:07:22","modified_gmt":"2023-08-20T22:07:22","slug":"purchased-382-336-shares-of-equity-residential","status":"publish","type":"post","link":"https:\/\/valueinvestingnow.com\/2020\/10\/purchased-382-336-shares-of-equity-residential","title":{"rendered":"Purchased 382.336 Shares of Equity Residential"},"content":{"rendered":"

Purchased 382.336 Shares of Equity Residential<\/span><\/strong><\/span><\/h1>\n

To cover my position with the PUTs<\/span><\/strong><\/a> I sold on Union Pacific, I decided to buy a stock that is currently dirt cheap. Equity Residential<\/span><\/a><\/strong> is currently at its three year low at $51.31. Including transaction fees, I’m paying $52.31 per share and purchased $20,000 worth of Equity Residential. Look at this graph:<\/span><\/p>\n

\"Equity<\/p>\n

In effect, I’m buying a long-term investment to cover the insurance I issued for Union Pacific. I did some research, the last time Equity Residential was at $51.31 was back during the first quarter of 2010, over 10 years ago.\u00a0<\/span><\/p>\n

As of today, the value investment portfolio consists of $30,000 of Equity Residential and $10,000 of Essex Property Trust. I earned $330.40 on the sale of 59 PUTs for Union Pacific. <\/span>Act on Knowledge.<\/span><\/strong><\/p>\n