Saturday, September 29, 2012

Recent Purchase - GGN

I didn't make any deposits into any stock trading accounts this month, but Friday I was still able to make a purchase.  I made the purchase completely through dividends accumulated in my Roth IRA.  I bought:







75 shares of GAMCO Gold and Natural Resources (GGN).  This is a closed end fund from the Gabelli fund family.  I made the purchase at $14.34 a share.  This purchase will provide 9 dollars a month of dividend income in my Roth IRA.  The fund invests primarily in shares of gold and natural resources companies, and makes additional money by writing covered calls on shares in its portfolio.  It pays a monthly dividend of 12 cents a month.

More purchases coming next month!

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