- BBL: 4.96 shares @ $50.22 --- Yield 4.94%
Total capital invested is $250.00 and my yearly dividends will increase by $12.29.
I must admit it feels a bit strange only adding $250.00 to my portfolio this week. I think that I may be suffering from withdrawal (no pun intended) symptoms. I must admit I am pleased to have my savings account exceed $2000 for the first time in many months.
Even better is the fact that this week's purchase was entirely funded courtesy of accumulated Sharebuilder credits. Throughout the year Sharebuilder gives certain cash incentives if you transfer or invest X amount of dollars within a certain time period. I originally received $100 after I surpassed the $10k mark. Later this year, Sharebuilder was promoting a three month "contest" to add funds and in return they would deposit additional money in my account. Because of bad timing, I typically don't do well with these types of promotions. I can't even count the number of times I have ignored retailers that promise X% off your purchase if you open a store credit card. I usually dismiss the offer simply because I don't want 10 extra cards to keep track of. Even bank cards are a pain as they usually require to make purchases from different merchants during select months to qualify. I find that just paying cash is the simplest method.
Anyway back on topic, I received an additional credit from Sharebuilder in the amount of $200 this month which brings my yearly total to $300. Again this may not seem like a lot of money, but it essential covers all my transaction costs for the year as I have currently made 184 weekly stock purchases at $1 per transaction. Additionally if I go back to only 12 purchases per month I can almost cover the transactions costs for all of next year.
So if you see me making smaller purchases and are wondering how I overcome the fees, this pretty much summarizes how I have been able to invest essentially for free.
Stocks on my radar for next week include CVX, BP, RDS-b, BBL, ESV, ITW, PX, and XOM.
I hope everyone has a safe, fun, and Happy Thanksgiving!!!!
For those of you who will spend the holiday weekend grinding away, I will be right there with you.