When it's time to draft players (stocks) for my team (portfolio) it never hurts to add these guys...
- XOM: 2.94 shares @ $85.04 --- Yield 3.43%
- JNJ: 2.51 shares @ $99.61 --- Yield 3.01%
Total capital added is $500 ($250 in each company). The combined yield of these purchases is 3.22% and will add $16.10 to my yearly dividends.
I decided to take it easy today as I made a larger investment in Shell yesterday, not to mention a Trans Am last week. It looks like energy companies are front and center again along with REITS and Canadian banks. The railroad companies are commanding some attention as well.
I looked over my portfolio and aside from the over-exposure in energy, I noticed that my company count is getting a little high for my liking. I am going to focus on the businesses I already own and either maintain or reduce the company count. If I see a new business I like, I will add it to the portfolio with the plan of reducing a position somewhere else. It's getting a bit cumbersome at these levels.
Not that it should matter too much, but I have companies like PM, BP, T, RDS-b, and HCP that pay $600-$850 a year in dividends and companies like NOV, WM, CAG, PEP, WMT, BAX, and AFL that each pay under $150 a year. I guess over time it equalize, but I don't like the balance right now.
Companies on my radar for next week include JNJ, PEP, XOM, NSC, KMI, WPC, and SO.
DEFY MEDIOCRITY
MDP,
ReplyDeleteJNJ is probably my all-time favorite stock. Tough to go wrong there. :)
Cheers!
DM,
DeleteI really like JNJ as well. I don't know why I waited so long to add it to my portfolio. I guess I was just trying to be too fancy with my picks and avoided the obvious choice. I would love for it to be my largest position like you. In time....
MDP
Liking your moves and ideas, MDP. Can never go wrong with good ole' JNJ. Hope all is well with you!
ReplyDeleteRyan,
DeleteIt is definitely time to KISS (Keep It Simple Stupid). I have created a portfolio with too many moving parts and I certainly need to simply a bit.
MDP
Ive dipped back into the oil names over the last few weeks as well including Shell- hold nose as I buy! JNJ is solid at 3%.
ReplyDeleteAA,
DeleteI really like JNJ here as well. Good luck with those oil purchases. I am right there with you covered in oil.
MDP
MDP,
ReplyDeleteWe like both names very much and they remain near the top of our watch list. We are trying to exercise some patience after the $26k we have invested since starting in late February. Thank you for sharing and enjoy that AAA rated safety and dividend income.
All the best.
FD
FD,
DeleteExercising patience...I'm going to have to look into that. XOM and JNJ are companies I should be buying regularly, yet I drift into other names more often than I would like.
MDP
Nice. I just initiated a position in JNJ for baby DivHut along with EMR. We opened a custodial account for him and will be making periodic investments for him. Thanks for sharing your recent pick ups.
ReplyDeleteDivHut,
DeleteThe future baby DivHut will be thanking you for your long term vision. Congrats on the JNJ and EMR adds.
MDP
MDP,
ReplyDeleteI FRIPed a lone share of JNJ yesterday so hopefully it's a case of "great minds think alike" :) I'd love to eventually get to 200 shares of JNJ and have it be one of my top holdings, but at 38 shares have a long ways to go.
Despite the big dips in Energy and REITs I'm having a hard time pulling the trigger on any major buys. For now I slooowly accumulate cash and wait and see what the next couple weeks bring.
Best,
DWC
DWC,
DeleteThat seems like a good strategy. Owning 200 shares of JNJ would be fantastic. Keep working towards that goal!
MDP