Throughout the life of our blog, Lanny and I have searched and slashed our way to save as much as possible to invest in the market NOW. Even though we have tried to identify ways to save through battling with our phone/internet provider (nice job Lanny!), tried to make our football season more enjoyable at a cheaper price (Can a football season be enjoyable as a Browns fan?), or just finding random savings “life hacks,” there is one expense that we have flagged as a major liability…I mean…money pit… our cars. A car is a necessary evil in the Midwest that does nothing but lose value and cost you money. Sadly I am writing this article, so that must mean something happened to my car. Let’s see how my car took a little extra money out of my savings account this month.
Pullbacks in the stock market present some great opportunities in the stock market. Thanks Captain Obvious. When I see the whole market stumble substantially for a series of days, I begin looking to purchase stocks that typically trade at a premium that may now become discounted. To me, that’s how you get the most bang for your buck in this kind of market environment. While I was very close to following Lanny’s lead and purchasing JNJ, one of my favorite dividend stocks, there is still one stock I wanted to analyze to see if it would be a better fit for my portfolio. So now, it is time to dive in and perform a stock analysis of Genuine Parts Company.