What a crazy week this has been for me. Life comes at you fast sometimes and you have to be willing to absorb some punches and go with the flow. I couldn’t be happier with how things have shaken out this week and I can’t wait to eventually write about it all. Finally, with a few hours to concentrate, I wanted to share with you a couple of dividend stock purchases I made in March. Nothing crazy, but as always, we like to be fully transparent with the community. Plus, these names have been featured on our watch lists recently. Let’s check out the stocks that I purchased and added to my portfolio!
This was a busy week. After a month or so, my wife’s Roth IRA finally transferred from Capital One Investing to Ally Investing. With this transfer came a sign-up bonus and free trades for 3 months. So if you haven’t noticed, Lanny and I have been busy putting these free trades to work. We’ve had plenty of small purchases! When my wife’s account transferred over, there was some cash available from previous transfers and liquidated partial shares. So I decided to put the money to work and add to two positions that she currently owned!
Well, I couldn’t stay on the sidelines too long in 2016. I am AMPED and ready to start the year off strong after setting my goals and realizing that I have some serious work to do. One of the stocks I already own has been trading at a discount of late and let me tell you, I just couldn’t hold off any longer. Let’s dive right in and see which company won the honor of being my first stock purchased in 2016 (If the title hasn’t given it away already).
First of all, I want to take the time to wish everyone a Merry Christmas. Today is such a great day as you get to sit down with family, share stories, exchange gifts, and spend some time catching up with each other. Hopefully everyone is having a relaxing, special, day off. I know Lanny and I are. A few days ago, I published my 2016 goals article and I have been inspired over the last few days to find some great dividend growth stocks to add to my portfolio. After all is said in done, there have been two stocks recently that I keep coming back to and wanting to add to my position/initiate a position in my portfolio. Here is my December Watch List everyone!
As time passes, so does a month of collecting dividend income. I am astounded by the first quarter already being in the books and my busy season feeling like it is 80% over. How wild is that? My fourth full busy season is just about up. Almost 900 hours later (that’s insanity in human terms) and I’m writing my quarter end, month of March Dividend post. Enough about busy season, let’s talk dividend income!
Looks like I have a little capital from my recent ARCP sale to deploy, so I wanted to take this opportunity to research a potential investment for the excess capital. For me, it was a no-brainer figuring out which stock I was going to analyze. Tobacco has a relatively low weight in my portfolio even though the power companies in the industry offer a very attractive yields. With stock prices falling lately, it seemed like a great time to assess my only tobacco holding, Philip Morris (“PM”), to determine if I should re-up my position.
The Lord knows I couldn’t stay behind the scenes or on the sidelines for this long, as it has been quite some time since I made a full on stock purchase. I was itching for an action and I knew the end of the year was coming and wanted to go out with a “bang”. I woke up on December 30th, after having analyzed the stock market the day before and knew what I was after and it was in a different industry that I have not truly been exposed to before. Enough with the opening, let’s dive into my recent stock purchase and find out what, why and how much!