Why I Bought Exxon Mobil And BP?

Ahh, the first purchase of the month. Always an exciting time. I don’t know about you, but I really love taking a hefty chunk of capital and putting it to work with a high quality company. Some people prefer putting money to work on new clothes or a fancy trip.

The former builds my passive income stream thereby slowly buying myself freedom while the latter guarantees me continuous servitude as mounting bills require more work to pay for. I guess you could say I’m a simple guy with simple needs, but I’d say wanting complete freedom is actually quite ambitious.

I could have chosen to hold on to my capital a little longer as the ongoing government shutdown continues to bring the broader market down, and with it many high quality stocks. However, I always choose to ignore the noise and buy fundamental strength on transient weakness. Having a vision for the long-term is required when investing in equities and my sense of sight has never been stronger.

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— Guru Focus

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