Here are my automatic investments for this week.
- CAT: 2.98 shares @ $83.84 --- Yield 3.34%
- PG: 2.95 shares @ $84.89 --- Yield 3.03%
- BAX: 3.58 shares @ $69.76 --- Yield 2.98%
- JNJ: 2.50 shares @ $99.93 --- Yield 2.80%
Total capital invested is $1000 ($250 in each company). The combined yield on this week's purchases is 3.04% and will add $30.40 to my yearly dividends.
After a crazy couple of weeks in the market, I am traveling on a calmer road today investing in some relatively boring companies. BAX, PG, and JNJ continue to drift downward so I will take this opportunity to add to these names. CAT after falling hard like many energy names is starting to rebound again. I will probably continue building a position under $90.
While energy companies have been stabilizing somewhat, it appears that interest rate sensitive names including utilities and REITS are starting to fall. While I have a fairly large position in HCP, I would certainly consider adding more around $40-41.
Other names I will be watching closely are PM, MSFT, NOV, XOM, and BBL.
Nice purchases, MDP. Congrats on adding $30 to your dividend pipeline!
ReplyDeleteR2R
R2R,
DeleteThanks buddy. It feels nice buying a few names outside the energy sector.
MDP
Some good buys there MDP - I picked up some JNJ and EMR yesterday, and think that the 'boring is beautiful' mantra should hold up well long-term.
ReplyDeleteW2R,
DeleteYeah hopefully I can stay with the boring companies for a while to balance out my portfolio. Somehow I doubt I will be so lucky.
MDP
Another week, another SB purchase. Always love reading where you are putting your fresh capital to work. CAT is a good buy as I have added to my position not long ago as well. JNJ seems to be creeping up on the dividend radar ever since share price went below $100. In any case, good yield on all the buys this week. Thanks for sharing.
ReplyDeleteDivHut,
DeleteI would love for CAT and JNJ to stay at current levels a bit longer to complete a positions. Last year was frustrating watching companies like PEP, WM, and CLX escape from lower levels quickly. For whatever reason GE, PG, BP, T, PM and a few others are continuously hovering around their yearly lows. Unfortunately I am overstocked in those companies.
MDP
Loving your PG and JNJ purchases, hoping to add to these two companies in the near future. CAT looks like it's in a good position to add to our portfolio as well.
ReplyDeleteTawcan,
DeleteI would love to add to these three names all year long.
MDP
I also recently bought into CAT at $79.95 and JNJ at $100. Any reason why you're averaging in instead of wait for the right price? It's not like you're buying into the market like S&P 500 index or something. For example, CAT was under $80 for several days. You could easily got it much cheaper that what you're paying now.
ReplyDeletePlease don't get the wrong idea. I know we shouldn't time the market but personally I feel it's OK to try to time individual stocks as they more more predictable.
Anonymous,
DeleteThanks for the question. I do occasionally make larger purchases, but these purchases are part of my weekly buying program through Sharebuilder. I am able to buy companies each Tuesday for only $1 per transaction. I look at my portfolio and the broader market and pick a few companies that I would like to buy and then the orders go through each Tuesday.
MDP
Nothing wrong with boring. I could use some of that myself.
ReplyDeleteAdam,
DeleteI would love to buy PG, KO, and JNJ every week and at some point I may.
MDP
slowdown for u this week lol. Stable companies on that list of yours. Hey you should add a bit of Apple, Disney or Visa to your stable.. All super solid with not crazy yield but good potential for dividend growth.
ReplyDeleteAG,
DeleteThose three have been flying high. I wish I would have bought them a year ago. :-) After tax season, I may pick up the pace a bit.
MDP
Great job! I like them all, especially JNJ and BAX! Among my selected stocks for this year! :-D
ReplyDeleteDivGuy,
DeleteThanks. I actually was planning on adding to my Pfizer positions this year as it has been lagging over the last year, but JNJ and BAX around actually the ones dropping so far while PFE continue to rise.
MDP
Yes, prices are attractive, surely something in a buyer's advantage! BTW, I follow XOM closely for many of my portfolios on my Dividend Stocks Rock website and it's definitely a good one, but you should look at HP too! ;-)
DeleteMDP,
ReplyDeleteI love when I see four companies I own and currently have my eyes on to reinvest into show up on the blogs of peers. Nothing wrong with picking the boring turtles. Our ultimate goal is, after all, a marathon and not a sprint :)
Best,
DWC
DWC,
DeleteYes I have too many rabbits in my zoo, so turtles are certainly welcome!
MDP
What boring purchases! Of course, boring is the name of the game! :)
ReplyDeleteGood to see a lot of similar names! I own JNJ, CAT, and BAX myself, and I'm looking to add some PG to my portfolio sometime.
Seraph,
DeleteAfter months of buying volatile energy companies it is nice adding some to some more stable names. I have this strange feeling oil prices are going to stay rocky for a while and I'll probably jump back into that sector again soon.
MDP
Nice purchases MDP. I added JNJ as well this week and plan to continue adding JNJ at these levels. Looking forward to reading about your purchases next week.
ReplyDeleteDGJ,
DeleteJNJ hopefully will be on my watch list for a long time. I view it as a cornerstone company and hope have a large position this year.
MDP