Here is my automatic investment for this week. S&P 500: 2083
- PAYX: 10.52 shares @ $47.55 --- Yield 3.20%
Total capital invested is $500 at 3.20%. This will increase my yearly dividends by $16.00.
I was planning on investing in oil companies again this week, but apparently my purchase was locked in on Friday instead of Monday. Sharebuilder highlights the day that the investment choices have to be made (which is usually Monday) and I don't remember last Friday being highlighted.
Luckily I saw that PAYX had dropped a bit after earnings and I at least requested that purchase last Friday. In the future, I will have a generic order ready every Friday to make sure I make some kind of purchase.
While oil prices continue to stay at depressed levels, the broader market is soldiering its way up to new all time highs. This has been a strange year to say the least. I can't wait to see what next year brings!
Companies I have on my radar for next week include CVX, XOM, BBL, RDS-b, IBM, PM, and T.
I had the same issue. I was thinking that the deadline was Monday and logged in Monday to set the trades, but it was locked already. Chatted with cust service and was told that they had an issue over the weekend that caused the orders to get processed before the deadline. I use the weekly option in the automatic trades and generally edit them each week. So this week since I couldn't get to it, my orders from last week went through. Not a big deal and better than not having any orders going through.
ReplyDeleteDGJ,
DeleteI have already decided that my default picks will be JNJ, KO, and PG so this problem never happens again.
Happy Holidays!
MDP
MDP,
ReplyDeleteSolid purchasing adding a little piece to the income portfolio. I'm taking you up on your challenge and am going for $6,750 instead of $6,500 by the end of next year as projected income, feeling pretty confident after I published my latest post about dividend growth rate and it's impact on the portfolio. I've been on the sidelines the last week or so as the year has wound down, feeling anxious to pick up something though, that's for sure. Merry Christmas MDP, hope it's an awesome one.
-Lanny
Lanny,
DeleteI am glad to see that you are increasing your dividend goals. It is going to be amazing to see your progress over the coming years. Have a great holiday season....and then get to work!
MDP
I think we all had a Sharebuilder problem this past week. One of those tech glitches. I got a free automatic trade because of it. Just chat or email customer support/complain etc. that you couldn't get the share price you wanted and they'll give one trade. PAYX is not a common name among the DGI bloggers even though it's a pretty solid dividend payer. Typically you hear about ADP instead. Thanks for sharing.
ReplyDeleteDivHut,
DeleteThanks for the advice on Sharebuilder. I will try and get the credit you mentioned. PAYX is a little off the radar, but it has been a good performer, yielder, and this year's raise I believe was in the 8% raise which is pretty cool.
Thanks for stopping by!
MDP
Hi MDP,
Deletedid you mean this Company with PAYX?
PAYCHEX INC.
US7043261079
Thank you in advance.
Sky
Sky,
DeleteYes Paychex is the name of the company with the symbol PAYX.
MDP