I'm reporting my automatic purchases for this week (09/17):
I Bought:
$750 of V
$950 of MO
$550 of PM
$500 of MDT
I used $2750 in new capital and added $87.76/year to my dividend income. This is an average yield of 3.2%.
My forward 12-month dividend income increased to $7355.91.
Note:
My quarterly tax payment is taken care of so I ramped up the buying this week to make up for the last two lower weeks.
I will continue to add to V until it's a full position as long as it doesn't go up too high. It's been rising since I made my first purchase and was added to the DOW.
I'm probably overweight in tobacco but I think PM and MO offer attractive values right now. I know these portfolio weights will average out in the long run so I'm not too worried.
Picture:
Just for some fun and to add some color I will be posting pictures of places I've been to. It's also motivation to reach FI so I can travel and do what I want to when I want to.
This is a picture from Salzburg, Austria last fall.
You may have to hold off on your Visa purchases with all of the action today. There will probably be good buying opportunities with the upcoming debt ceiling debate. I placed a limit order at $24.80 that got filled on the penny with 489 CSCO shares. These are shares from my ESPP program. Basis was $13.48, so a nice profit. I'm looking to deploy this new dry powder at some point before the end of the year. Do you have any thoughts on ESRX as a future demographics/obamacare play. According to FAST Graphs they are undervalued and they took a good plunge today on news, that I believe was an overreaction.
ReplyDeleteHi PFF,
DeleteI hope you are right about a correction. V keeps taking off so I don't know if I can build a full position in the short-term. Either way I plan to make regular purchases regardless of what the market is doing. Congrats on the huge CSCO profit. That is fantastic! ESRX looks to have a good business but I have never done much research on the company since they don't pay a dividend. They did help me buy some WAG last year at rock bottom prices :).
Take care!
I agree with PFF on the debt ceiling debate. The last time Congress could not come to an agreement the stock market dropped 17%. If it doesn't happen I will have more capital to deploy. Timing the market is something I don't advocate, but I don't generate capital quickly right now anyway. And a lot of people, right or wrong, seem to think a correction is in order. But as a DGI we shouldn't listen to the noise anyway unless it's about changes to fundamentals.
ReplyDeleteHi Wallet,
DeleteI hope you are both correct. I would certainly welcome a correction. Although Buffett just said recently that stocks were fairly valued, not overpriced, so you never know. I am with you on ignoring the noise but it might be wise to build up a little bit of a cash position.
Thanks for stopping by!
Nice additions there!
ReplyDeleteQuestion: Are you planning to do regular sharebuilder purchases indefinitely or are you just diversifying accounts? If I remember correctly you started the sharebuilder around 100K? Just curious to your motivations here.
Personally I have been considering starting a second taxable account and have been shopping brokers. Do you know of any online services that can consolidate accounts for tracking purposes? Having multiple brokers would be a pain when it comes time to update my blog.
Best Wishes!
Hi CI,
DeleteThanks! Yes, I plan to make regular Sharebuilder purchases until I have at least 100k. The commissions are also cheaper here. I also have a Schwab account that is still fairly small. The plan is to diversify through accounts since there are limits to what they are insured at.
I don't know of a brokerage account that will keep up with other accounts. I just kee p a separate Excel sheet for keeping up with all my cost basis. I also only buy fractional shares in my Sharebuilder account so its not hard to keep track of, just a couple minutes per week. I update the cost basis and share count for any new buys weekly on my google docs sheet. It sounds like a lot of work but it really isn't bad.
Take care!