Wednesday, September 14, 2016

Recent Buy --- TROW


Today I added to my TROW position.






  • TROW:  24 shares @ $66.93 --- Yield  3.23%

Total capital invested is $1613.23 and will add $51.84 to my yearly dividends.  This purchase increases my TROW share count to 45.

I was bouncing around between XOM and WFC this afternoon and then decided against adding to one of these two simply because they are two largest positions. 

WFC is still really enticing, so I may still add a few shares before the end of the week.

Forward dividends are $3850.


DEFY MEDIOCRITY

10 comments:

  1. Nice buy MDP, if we lived in North America, I'd be making this buy too!

    Tristan

    ReplyDelete
    Replies
    1. Tristan,

      Thanks for the continued support. I am doing my best to stay away from energy names and I think TROW is a good opportunity with a solid yield.

      MDP

      Delete
  2. MDP -

    HELL YEAH. Pissed that you got it $0.07 below me (I bought on Monday). You son of a .... haha except - I capture this quarter's dividend, which is insane. Pumped you grabbed some, congrats.

    -Lanny

    ReplyDelete
    Replies
    1. Lanny,

      I'm glad you got into TROW as well!! You are doing an amazing job over there and I continue to be really impressed with your progress. Keep that shit up!!

      MDP

      Delete
  3. Nice buy. I'm skeptical on WFC after recent events. Seems like you can't trust US banks..

    ReplyDelete
    Replies
    1. Don't worry, WFC will survive this without a hitch. And you are investing for the next 20 or more years, aren't you? Even if WFC drops on the recent scandal it will be a blip in this 20 years time period. Use it to your advantage and buy more shares if it drops.

      Delete
    2. DM,

      I tend to agree with Martin about the Wells drop. I noticed today that the price dropped further into the mid $45 range. I may pull the trigger on some more shares here.

      MDP

      Delete
    3. I don't want to be spamming, but when I am buying dividend stocks I usually wait for the stock to start dropping and then track its price on the way down and buy at reversal.

      I described that strategy here with a spreadsheet which would help you to track the stock down: http://hellosuckers.net/dividend-investor-buying-stocks-in-falling-market/

      Delete
  4. I think I like this buy. I'll be writing about my small initiation in this name soon.

    ReplyDelete
    Replies
    1. DivHut,

      I'll be watching for your post. A lot of stocks are become more attractively valued. I think we'll be seeing more buys now.

      MDP

      Delete