Today I added more share to my VFC position.
- VFC: 30 shares @ $53.39 --- Yield 3.15%
Total capital invested is $1608.65 and will add $50.40 to my yearly dividends. This purchase brings my share count to 110.
Well the markets are starting off right where they ended last year....WAY UP! It feels good adding to my passive income right out of the gate and VFC is still trading near its 52 week low. I almost bought MDT and will be watching it closely.
Outside my current holdings, I really need to add a food company to the pipeline. GIS, MCD, and even SBUX after its recent pull back are interesting right now. On the muni side, I will be adding more share of NEA, hopefully each month.
It's exciting building an income portfolio and look forward to some scarier times in the market. Seeing a $20-30k paper loss but with cash on the sidelines is what it is all about if you want to create real wealth. If the market keeps chugging along for a while, NO PROBLEM! I'll just keep adding a few hundred dollars each month to the income stream.
Forward dividends are around $6050.
MAKE 2017 YOUR BEST YEAR EVER!!