Third purchase in 31 days? Now that’s what I’m talking about. I’m starting to feel like the Lanny of old again, if only the grey hair can revert back to black, I’d appreciate it. January finished off with some tail winds, as big final year earning releases are coming out, Trumps making his speeches and movements, as well as your everyday volatility that January typically brings. As dividend investors, we need to sit tight and buy when we find the right value at hopefully the right times if you can. This purchase signifies that, based on my analysis. Let’s find out why I purchase Pfizer (PFE)!
Just when I thought I was coming down with a great system, I realized that I still needed to make contributions into my IRA account for the 2016 year. I still actually am quite a bit away from maxing out the year, but with this purchase, I definitely reached closer to the goal. I love banking and truly am passionate about the moves being made in the industry. I know Bert knows all about this company, and I’m sure the community is starting to also learn a little bit more, hopefully! A few days ago I was able to make a stock purchase back into a community bank stock that I own!
It didn’t take too much arm twisting by Lanny to convince me to add to my stake in Procter & Gamble (PG) this week, especially after he took the first step, backed up his talk, and purchased 10.1 additional shares of the company earlier in the month. I have no shame in admitting that I followed his lead and purchased shares in the company because let’s be honest, it is a great company! Time to summarize my purchase of PG this week.
Kicking off the year with a dividend aristocrat stock purchase! What better name to buy than to have a stock purchase towards the brand that is in your cousins cupboard or bathroom, that is on your neighbor’s shelf or heck, a brand that you just brushed your teeth with using Crest! I am talking about Procter & Gamble, based in Cincinnati, Ohio! This isn’t the first time I have purchased them, but I am very excited that I was able to add this bolster-branded company to my dividend producing portfolio! Check out the details below!
I threw a teaser in my last purchase article by mentioning that there was something else that I wanted to share with the community. Well, back when I was setting my goals for 2016, I pushed myself to achieve at least $3,250 in annual dividend income. You guessed it….my last purchase of Realty income pushed me over this mark and my forward dividend income total now sits at $3,265. Now, I’ll summarize how I was able to knock this goal out with just under two months to spare in 2016.
I figured you all would see this coming considering one of my last posts and involved performing a dividend stock analysis over one of the most population REITs in the dividend investing community and I recently featured the company on my last watch list. But this week, I took some capital off the sidelines and put it back into the market as stock prices continue to tumble. Time to share with you the newest addition to my portfolio, Realty Income (O)!
You have to love Mr. Market when the trend turns lower. You have to be prepared, the artillery ready and the decisiveness to your actions. I am so lucky that I was ready last week, especially on Monday the 12th, when the market plunged downward and I had been prepared to make a purchase or two. Those two purchases happened to be Target (TGT) and T. Rowe Price (TROW).