Tuesday, June 23, 2015

Weekly Purchases --- The long march continues


Here are my automatic investments for this week.

  • SO:  5.93 shares @ $42.17 --- Yield  5.15%
  • KO:  6.19 shares @ $40.37 --- Yield  3.27%

Total capital invested is $500 ($250 in each company). The combined yield is 4.21% and my yearly dividends will increase by $21.05.

I would like to thank everyone for the encouraging comments on last week's purchases. I have been going over things in my mind during the last few days and have decided to continue ascending the mountain. The relentless climb can be lonely, tiring, precarious, and in many instances overlooked or discounted by others (especially family and friends), but it can also be equally exhilarating and rewarding as hell. There is no rest for the weary and fortune without a doubt favors the bold.

Stocks on my radar for next week include SO, KO, JNJ, KMI, PG, WM, and WMT.

DEFY MEDIOCRITY

12 comments:

  1. MDP, the road to the top is a lonely one , the ones not willing to make sacrifices will not get there.

    Your journey is inspiring to me and many others, there will be moments of doubt but we must

    remain focused and maintain a balance of achieving our goals and still enjoying life for all it has to

    offer. Keep at it !

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    1. Anonymous,

      Thanks for stopping by. I am glad that I can provide some inspiration to others whether it is just one person or many. I think over the next six months or so I will make fewer purchases. I have said this before so I may just be the little boy who cried wolf. :-)

      MDP

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  2. Keep up the good work MDP! Youre Passive income by year page is most inspiring to others just starting the journey like myself. Who needs family and friends when you have this awesome blogging community? ;)

    Checked out SO. Looks like they have a fairly high Payout Ratio. Why do you prefer SO over something like NEE in the Utilities sector?

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    1. Adam,

      Thanks for the kind words. You are correct! The blogging community kicks ass!

      SO does have a high payout ratio, but has a solid history of maintaining/raising dividends. I think since 1982 the dividend has not decreased. NEE has performed much better than SO over the last several years and looks more like a growth play....nothing wrong with that. Maybe later I will start a position to complement SO.

      Thanks for mentioning NEE.

      MDP

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  3. MDP,

    What's funny is - a $21 bump is a $21 bump you didn't have before. Each purchase is another step forward, usually not backward. You're not alone my man, you know that, you got US.

    -Lanny

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    1. Lanny,

      They say a man is defined by those he associates with most. Oh shit, I'm screwed! LOL Just kidding. You guys rock and have been an invaluable source of motivation and education.

      Keep fighting!

      MDP

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  4. MDP,

    The mountain isn't lonely, but be glad its not crowded either. I for one hate lines, and being not naturally tall will love the view when I get there. Otherwise nice buys. Think about the fact that your expected dividends for next year is more than most people in the world make at regular jobs. In fact its more than a lot of people facing retirement have to their name! You're doin' damn good.

    - Gremlin

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    1. DG,

      I hate lines and crowds as well. Lunch at 11:00 and dinner at 4:00 is fine with me when we eat out.

      Thanks for the perspective on my current dividend trajectory. I see employees where I work everyday who make $1500-$1800 a month. I don't know how they make it especially considering health care expenses. I feel very fortunate to be in the position I am in.

      MDP

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  5. If it were easy, everyone would have $1M portfolios, no debt, and plenty of emergency savings. Your actions are what defies mediocrity. Think about the fact that you're exhausted from maybe saving too much money and compare that to someone else your age with $100k, maybe, to their name, $30k debt, two car payments, a mortgage, and college-aged kids. They're stressed because they'll have to slave for another 20-25 years, and you're exhausted...because you don't(?)

    That's like my wife and I exhausted over what's for dinner, because we have no other problems :)

    Which is a very good place to be in. Grind on, it is worth it.

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    1. Anonymous,

      So true! I like the analogy of Andy Dufresne tunneling his way outside of the Shawshank prison. For many years he spent his evenings digging out a few handfuls of dirt and eventually was able to crawl his way out of the prison. Everyone else had the same opportunities, but didn't exert the effort to escape to a better life.

      I do not want to slave away from age 45-65 (or later) worrying about working for bill money.

      Thanks for taking the time to comment.

      MDP

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  6. MDP,

    Nice buys. I'm glad you posted last week's post, as I sometimes feel that same way. I'm currently investing 250-300/month a taxable account, but most of my investing is with my 401k. On top of that, I'm sending a little extra principal to my mortgage each month. At the end of the month I feel like I'm just barely "breaking even", even though I get paid pretty well. This sacrifice, I hope, will be worth it one day.

    At times it does feel a little lonely, especially when I see everyone around me is buying flashy cars, getting into high mortgages, going on expensive vacations, etc.

    I'm in my early 30's, so I feel like I'm living outside the norm [mortgage on small townhome(bought in 2009), driving a 16-17year old Honda, no expensive hobbies, etc.], compared to other people my age. I'm happy, so I can't complain. This frugal lifestyle is allowing me to invest regularly, which I hope will one day allow me to be financially independent, or at the very least supplement my social security benefits.

    Having said all that, I will not be happy if one day I'm denied social security just because the government thinks I have "too much" saved up in my 401k & taxable accounts. It's almost as if you lose if you save money, and you lose if you don't...

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    1. Anonymous,

      It sounds like you have a solid plan that you are working. I really like the idea of paying down the mortgage early. I know many people talk about good and bad debt, but in my opinion there is only DEBT. You are either working to pay someone else or you aren't.

      Flashy cars, new suits, boats, expensive restaurants, and vacations are things I see around me every day. At times I fall prey to these things as well, but not like in years past. Your life sounds fairly similar to mine. My wife and I own a paid off house that we bought 18 years ago and a 2002 and 2004 model vehicles.

      I hope there is some SS available to me in twenty years as well, but I am planning on not having it available or at least not available in its current format.

      We'll see what happens.

      MDP

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