This month, I was back at it again and had some extra capital to deploy with a free trade credit staring my account in the face. So of course I was going to use this as an opportunity to continue building my position in T.Rowe Price Group (TROW) that I started in 2016. What’s funny is I wrote my last T.Rowe Price purchase article on 2/28/16, so almost a year ago exactly! One year later, I was faced with similar facts and made a similar decision. Time to see why I added to my stake!
Lanny and I have talked extensively about our disdain for owning a car, forking over a monthly payment for a depreciating asset, and dealing with all the random costs and annoyances that come with owning a car. Well, a half a year ago, I caused some self inflicted damage to my car and have a massive dent to show for it. This time, I drew a line in the sand and determined I am not spending my hard earned money for the repair!
With the first month of 2017 coming to a close, I thought it would be a good idea to put a dividend stock watch list together to focus in on a few companies that have caught my eye recently. What’s crazy is that each day brings an exciting new day to the market and it seems like we have snapped out of our two month streak of constant appreciation and are finally starting to see some great companies trading at a discount. After my last purchase and Lanny’s recent portfolio review, I am as motivated as every to keep pushing capital into the marketplace and increase my passive income as much as possible. Now lets take a look at my January Dividend Stock Watch List!
Final dividend income totals have been tallied. Final purchases were made (or not made). Now that the ball dropped and the calendar turned, the book on 2016 is finally closed. A few weeks ago, I published my 2017 investing and life goals so I can hit the ground running in 2017. However, I can’t ignore the fact that I had 2016 goals to complete. I performed quarterly updates to monitor my progress; so for one final time, I will publish my 2016 goals review. Let’s see if I was able to meet my goals in 2016!
For the last few years, I have reported religiously the happenings of my portfolio and every cent in dividend income I have received. Looking back, it is insane to see how fast my portfolio has grown in such a short period time and I love seeing similar growth rates in so many other people in the dividend investing community. Man is it a lot of fun! But there has been one key piece of the equation I have kept under wraps from all of you…the happening of my wife’s portfolio and the impact it is having on our “Family Dividend Income” and not just mine. So for the first time on this blog, I would like to discuss my wife’s investment portfolio and briefly discuss how I will begin reporting things differently here on our blog!
Each day I watch the stock market in awe. At 4 PM EST, I read a headline like “Stock Market Sets New Record” and when I log online in the morning I am reading an article about how the market is up in the pre-market once again. By the end of the day, it is like de ja vu and I start the process all over again. This market makes finding stocks the meet our stock screener difficult, how could it not? Well, I have been thinking a lot about where I want to allocate my capital recently and what I want my next move to be. After doing some research on various blogs, including some articles written by my fellow Diplomat, I find myself considering the option that the title of the article outlines. Is now the time to accelerate the payments on my student loans?
It is that time of the year. To me, December means finishing out the year strong, racing towards the finish line, and setting the table for a successful year going forward. For the last few weeks, I have been thinking long and hard about my life, investing, and our blog goals. What should I focus on? Where should I be at this point next year? Questions like these have racing through my mind and I am trying to process and make sense of them all. I’ve been thinking a lot about the goals I have set from the prior year and trying to leverage them as much as possible, including both the successes and the shortcomings. I thought it would be helpful for me, and hopefully some of you, to write down my thoughts and lessons learned over the last few years about setting goals. Time to dive in.