After close examination, it appears that I have too much oxygen in my wallet.
- No purchase --- Yield 0%
Total capital invested is $0 and my yearly dividends will remain the same.
I went a bit crazy last week buying a ton of PM and CAT, which exhausted my funds. So much so that I strongly considered temporarily eliminating the DRIP on CVX, JNJ, IBM, and XOM as they pay dividends today. I don't DRIP TGT which is my payer today so that should help with my short term cash crunch. One day I will totally drop all DRIPing and will partially live off the income these companies create. What a great day that will be.
I have a dentist appointment tomorrow for a cleaning (luckily I have the HSA card to make the payment). The good news is I will receive a paycheck on Friday so I should be back in business for next week. Sometimes I live a bit close to the edge.
If my wife saw this post she'd smack me upside the head and I can't say that I would blame her.
I may need to look into one of those 12 step programs for dividend addiction (DA). Anyway I am stuck on the porch this week, but this dog will be out running hard again next week.
By the look of today's market, I'm sure many will be adding oil companies to their wish lists. I have focused on other areas of my portfolio in recent months so I probably will jump back into the energy side of the pool. A lot can happen in a week.
Stocks on my radar for next week include SO, TD, KO, RDS-b, BBL, APU, PG, JNJ, CAT, NOV, and CVX.
DEFY MEDIOCRITY
Nothing wrong with a little break, MDP. Neither is there anything wrong with a little splurge if there's opportunity. I just made a buy this morning that's right up your alley :)
ReplyDeleteEnjoy the porch relaxation and gear up for next week!
Best,
DWC
DWC,
DeleteAwesome purchase of PM! I love it. The porch is comfortable, but boring. The market looks a bit crazy today. I can't wait to get back in.
MDP
MDP,
ReplyDeleteI feel your pain. I made some small buys yesterday and followed up with more again this morning (PM, T and COP again) leaving an uncomfortably low amount in the checking account until payday on Friday. Good luck at the dentist and looking forward to hearing about your purchases next week!
FD,
DeleteGreat job picking up those three companies. If I need more work than a cleaning, we'll be bartering shares of Exxon.
MDP
MDP,
ReplyDeleteThat O2 burning up all your cash? I keep a decent savings, but my checking definitely has been on the fringes before. I think our wives would both agree on that one. Does your wife know about your blog? No shame in taking a break too, I am taking March and April easy so I can push hard in May - August.
- Gremlin
DG,
DeleteThe wife doesn't know about the blog, but she is very aware of things like checking out balances. :-)
I like your strategy of holding off till the summer. I wish I had your patience.
MDP
All good MDP. We know you been pushing it to the max. Give it some time and i know you'll rip it up again. You'll doing fantastic. Take care my friend.
ReplyDeleteDH,
DeleteThanks for the encouragement. Days like today and Friday make it fun to buy. I'll be back next week for sure!
MDP
Hi MDP, been following you from the UK. I love the simplicity of your blog and check your posts daily. Just loaded upon some T, EMR, PM, KO, CV, XOM and GE today. ($1K in each). Saving some ammo for BP, RDSB and BHP for April, hope these guys stay low or go even lower ! I've been waiting for a significant correction for 4 years, maybe its finally arriving :)
ReplyDeleteAnonymous,
DeleteI own almost everything you mentioned. Congrats on some great purchases. The correction that never seems to come. I guess eventually it will come, but if the market is way up then it's not really much of a correction.
Good luck with BP, BHP, and Shell. I am watching those three as well.
MDP
This comment has been removed by the author.
ReplyDeleteThat was funny when you said your wife would smack you and you may need a 12 step DA, that was hilarious. Investing can really be addicting, I'm sure you can reload the ammo real quick. This is a first time that I saw you without a weekly purchase yet the market is really attractive today. Good luck reloading that ammo man!
ReplyDeleteSorry I delete my first comment, I had a typo! :)
FFF,
DeleteYou are right. This is my first week without a Sharebuilder purchase in over a year. I made up for it last week though.
MDP
If only we had unlimited Capital.
ReplyDeleteI have been holding almost 50% of my new capital in cash over the past 6 months and have a little short hedge on the S&P 500 against all my long positions.
Yesterday was the official 6 year anniversary of the March 2009 lows. I have a strong feeling that a larger correction is coming, and I want to have the cash to take advantage of it. But I could be wrong and the market could bounce right back up tomorrow and go onto make new highs, as has been the trend since I started hoarding cash back in September.
GYFG,
DeleteI hope we get a pull back soon. It's never fun to watch portfolio values to decrease, but if you are still trying to accumulate asset, it's ok. I would love to see major drops in companies like PG, KO, CLX, JNJ, and PEP. Its hard to take advantage of drops in high quality companies as they are few and far between and don't stay down for long.
MDP
Nothing wrong with not purchasing stocks. There are more important things to take care in life. Furthermore, you've made a lot of purchases the last few weeks with huge amount of capital.
ReplyDeleteTawcan,
DeleteYou bring up an excellent point about other things being more important. Sometimes I get tunnel vision and lose focus of things outside my immediate goals. It does feel weird being on the sidelines this week.
MDP
It's gutting when you can't make a purchase when you want to - I'm totally looking at RDSB right now, but not going to make another purchase until around the 23rd March
ReplyDeleteCheers
TV,
DeleteI like your thinking with Shell. I need to add to that position and XOM to bring them up levels with CVX and BP. Hopefully it stays in the low 60s or lower.
MDP
Surprised to see you taking a break. But you more than compensated with your big purchases lately. Looking forward to seeing your next week's purchases.
ReplyDeleteDGJ,
DeleteYeah. I didn't even know how to not make a weekly automatic purchase. I ended up changing my weekly option to bi-monthly to eliminate today's purchase. It is good to know that I can do that as I may use this option again in the future.
MDP
MDP,
ReplyDeleteThrowing us a curveball, joking. Never a bad thing to re-stock on capital to deploy out in the market, hoping prices stay down for ya, but know that it won't stop you regardless.
Thinking of adding more to CVX? I just bought CAT & HCP and am already thinking of buying more CAT, doing a bang bang play on them. I need to analyze further tonight, we'll see.
-Lanny
Lanny,
DeleteThat was my knuckle/screwball/change-up. LOL I like the CAT and HCP purchases. Both are trading down quite a bit from their highs and offer great yields. The market is acting crazy right now. Crazy could mean further opportunities. Stay alert!
MDP
Take it easy, MDP. Nothing wrong with a little break. I look forward to your next week purchases. I just bought some shares of PG today, and would like to know your opinion on it.
ReplyDeleteMU,
DeleteI really like PG especially over 3.2% yield. Typically I add shares throughout the year and have been buying between $75 and $85 since 2013. It's a good long term holding that I believe has been increasing dividends around 57 or 58 years now.
MDP
You could give me a million dollars to invest, and that still wouldn't be enough money!
ReplyDeleteNothing wrong with recharging, especially considering that you've set up quite a solid foundation for yourself already. Looking forward to next week's purchase!
Seraph,
DeleteThanks. It looks like a lot of opportunities are available and across a lot of different sectors. It is going to be hard to narrow it down to just a few selections.
MDP
I totally know that feeling when you run dry.... I just pumped $3700 into MO and will poor another chunk into PM next week... Then I will be dry :)
ReplyDeleteYD,
DeleteGreat job adding MO. It has been on a tear over the last couple of years, but no doubt will deliver solid dividends for many years to come. I recently added quite a bit to my PM position. These two companies are solid and considered core holdings in my portfolio.
MDP
Ha, I will share a dangerous secret - margin ;-)
ReplyDeleteYou can buy shares on Margin, pay 1% annual interest rate, but you will increase your risk. Of course, if you know you will have $1000 in the bank on Friday, you can buy $1000 worth of stock Monday - Thursday on margin, and then pay off on Friday.
DGI,
DeleteI shy away from any kind of debt....even the good kind. If we keep having blood bath days like yesterday it will be hard to hold off buying and then settling after my Friday payday like you mentioned.
MDP
I've never made purchases on a weekly basis, never. Breaks are good. Having no capital to invest is sometimes the best thing that can happen. It forces us to analyze more, to dig in a little, to find better stocks... I used to get a little anxious when I was seeing a good opportunity but couldn't do a thing about it - okay, I still do sometimes - but now I know my portfolio works for me even when I have no money to buy. It often means a better move in the end!
ReplyDeleteCheers to empty wallet... ;-)
Mike
MDP, I spent my funds on CAT, JNJ, PG and PM this week and I am out of cash too. I can't wait to get more funds to get more div stocks.
ReplyDeleteDiv Son,
DeleteThose are four great looking companies you picked up. Hopefully you will continue adding to them year after year.
MDP
No worries about not making a purchase. There's no shame in letting cash build up and using the elephant gun. Which it see you' ve done with the recent PM double purchase and CAT buy. Keep up the good stuff!
ReplyDeleteBGH,
DeleteThanks for the encouragement. Also good luck hitting $20k in forward dividends for 2016. That will we awesome to follow! It makes me want to aim for that goal just seeing you put it down in writing.
MDP