- RDS-b: 2.93 shares @ $68.21 --- Yield: 5.51%
- MCD: 2.19 shares @ $91.31 --- Yield: 3.72%
- IBM: 1.24 shares @ $161.43 --- Yield: 2.73%
Total capital invested is $600 ($200 in each company). The combined yield of these purchases is 3.99% and will add $23.94 to my yearly dividends.
Energy companies continue to fall so I will keep adding to these positions. Energy currently represents 12% of my overall portfolio, therefore I still have room to expand these holdings. I would ideally like to be around 15%. If I am temporarily out of balance that is ok. I believe 20% of my portfolio in any one sector would be too high.
Also, I have noticed that Canadian banks have been taken to the proverbial "woodshed" in recent week so I may start to take a closer look at some of these companies. I have a strange feeling that the falling energy and commodity prices are starting to spread to the banking sector. Hopefully their loan portfolios aren't over-exposed to unstable energy companies. Significant problems could start to arise if that is the case. I will do some more research, but most likely I will continue to stay away from the banking sector. I really hate to rule out any sector, but as a whole this is one that has not had a very good track record in my view.
Stocks on my radar for next week include T, VZ, IBM, CVX, RDS-b, BBL, GM, and GE.