Here are my automatic investments for this week.
- RDS-b: 4.76 shares @ $62.91 --- Yield 5.98%
- PM: 3.95 shares @ $76.00 --- Yield 5.26%
- NOV: 6.01 shares @ $49.96 --- Yield 3.68%
Total capital invested is $900 ($300 invested in each company). The combined yield on today's purchases is 4.97% and will add $44.76 to my yearly dividends.
This is the lowest price I can remember purchasing PM. I will probably continue to add even though it is my largest position. It still seems odd to me how PM and MO have continued to head in opposite directions over the past couple of years.
I also started the process of dismantling my mutual fund holdings yesterday. Overall I have a little over $120k spread across two funds CAIBX and AHITX. I started the process with a relatively small reduction. I will sell a similar amount of my junk bonds withing the next month as well. Capital gains will come into play with this transition so I will most likely take my time with the process.
I sold 100 shares of CAIBX yesterday at $59.97. which will net me $5997 and will reduce my yearly dividends by $200.00.
I have not decided if I will make one larger purchase or just keep averaging in on a weekly basis. Most likely I will use some type of combination.
Companies on my radar for next week include JNJ, CAT, XOM, CVX, BBL, NOV, PM, RDS-b, UL, and KO.