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!!
That is fantastic news. Well done to you for getting that accomplished. Extra dividend per year is fantastic, well done.
ReplyDeleteBHL,
DeleteThanks! There's nothing wrong with more passive income!
MDP
i am looking at vfc or kmb.good start for the year
ReplyDeletedesidividend,
DeleteI own both and am looking to add more shares throughout the year!
MDP
What's not to like about this buy? Still showing weakness and is a lot more attractive with a yield north of 3%. I like the buy. I have been adding to VFC too the last few weeks. Thanks for sharing.
ReplyDeleteDivHut,
DeleteGreat yield and price right now! I'm probably at a full position now, but may nibble more if it falls into the $40s.
MDP
I recently bought a North Face jacket for the winter and am very happy with it! I've had VFC on my list for a while now as they have a bunch of good brands. I'm also a big fan of smartwool and was wondering what new company they have their sights on since they hadn't made an acquisition in a while.
ReplyDeleteTime,
DeleteI don't know that I actually wear any of their products right now. When I was younger, I wore Vans and Timberland boots. I also carried a JansSport backpack when in college. LOL I am from Texas and Wrangler jeans are everywhere down here.
MDP
Great buy. I sold a put on VFC a few weeks ago and it looks like I'll be assigned 100 shares. However, with the recent price drop, I'm considering buying 100 more this week.
ReplyDeleteIH,
DeleteWow! 200 shares is a strong position. I will look to add more if the share price slips into the 40s.
MDP
Good job another great buy. I just pulled the trigger on a stock today will put a post up later today or tomorrow.
ReplyDeleteD&H,
DeleteI'll be watching for your post. I'm watching the retail sector closely right now and my pick up some M today. Scary times, but could lead to massive bargains.
MDP
MDP!
ReplyDeleteNIIIICE. They dropped a bit more today with all of the retail noise. Thoughts on grabbing more?
-Lanny
Lanny,
DeleteI saw that. I'll probably add more if it drops below $50. I have a lot of other positions that I want to build up as well.
MDP