Last weekend, Lanny and I put together a watch list and man was I determined to purchase one of the two stocks I was watching. I know I couldn’t have gone wrong picking either of the stocks; however, I only had enough capital to purchase one. Which stock was it? Let’s take a look and find out.
I’m back at it again! The market again, has taken a downturn south and one of my newly created positions from last month went on sale this week/today more specifically. Sometimes… if you have the idle cash it’s best to use that and average down a position that you want to build, buy more income for less and smile as you do it. I was lucky enough to do just that, I made a purchase today to a position I already have. Let’s take a look on who that was.
Well.. the market keeps saying- buy me, buy me, and there are opportune stocks everywhere at the moment, in my book. I took advantage of a recent price slide on a stock that many have been purchasing over the last month, including the one and only – Bert. I took a page out of his book and couldn’t be more thankful that he founded them in his screener and made my life a little easier. Thanks again Bert for doing that, I appreciate it. I had capital that finally was able to transfer over, now let’s see who, how much and why I bought this stock.
As it turns out I was not able to sit on the sidelines too long after my purchase of Emerson Electric last week. On Friday I was paid, which means I had $400 readily available to invest since I have a portion of my paycheck automatically deposited into the checking account linked to Sharebuilder. I have been watching a lot of stocks over the last month or so as a result of the Greece turmoil and the general pullback in the market that recently occurred, which has caused a lot of great dividend growth stocks to become discounted. I purchased one of the stocks on these watch lists, the question is…which stock was it?
The market hit a nice turn again for the worse, after a earnings have started to be released for companies. I saw the red, the deep red and I had to put in a nice little limit order on a stock, where it was already down over 6% from a price I recently looked at it… I didn’t really thing it would get lower… lower it did. Now let’s take a look at the purchase.
I have been compiling some cash recently and had enough to establish a great entry-level position in a company. Over the last few months, there have been many events impacting the market and pushing the price of some great companies lower and lower. So I wanted to make this purchase count and pick up a rock-solid dividend paying stock, one that I now think should be included on Lanny’s infamous foundation stock listing. Unfortunately, the title gave it away. See why I decided to invest in Emerson Electric this week.
Finally… a trigger has been pulled, the market has had a pull back and Bert, the Jewish one, did not also purchase the same stock I did this time around, joking Bert. I had been eager to add to my dividend income producing stocks, and the time for me was right. Since I am an auditor in the financial institutions realm and don’t have too much exposure to banking – that is what step I ended up taking. Let’s take a look at the purchase.