Double TAP
By Jim Bauer
@porwest (95743)
United States
March 16, 2024 9:35am CST
It may be a weird way to think about it but, it is one of the ways my mind just thinks about money. When I am invested in things.
I like to drink beer. I am sure I have mentioned that a time or two here and there. Of course I have. And my preferred beer, although I like many brands and styles, is Miller Lite.
I own stock in Molson Coors (Ticker Symbol: TAP) which pays an annual 2.6% yield. So, every time I buy some, I am of course contributing to my stock in a small way.
But I also mostly buy it at Walmart, where it happens to be cheaper than anywhere else. And, I also happen to own stock in Walmart (Ticker Symbol: WMT), which only pays a paltry 1.37%. But man, it's a cash cow which is why I own it and own so much of it.
But the way my mind sees it is when I buy Miller Lite from Walmart, I am contributing to BOTH stocks. Which to my mind is a double "tap." Both Molson Coors and Walmart make a profit, and because I own them both...
So do I.
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2 responses
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@LindaOHio (183879)
• United States
17 Mar
I support your Walmart stock every week. I almost have a cart full for next week. Have a good day.
1 person likes this
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