My last two articles have been reviewing my past performance, checking in on my goals through the end of September and reviewing my September dividend income. Both of the articles were showing that my portfolio and dividend income are trending in the right direction. With three months to spare, I’m looking to keep that momentum going. So I took some time tonight to prepare my October stock watch list and see if I can pinpoint a few stocks to keep a close eye on over the next several weeks.
The first quarter behind us. Boy did the stock market take us on a quite a ride for the first quarter. Plenty of stocks to consider/grab in the first part of the quarter and….well…the stock market has not stopped climbing for months. Regardless of how Mr. Market performed, I wanted to take this opportunity to reflect on the first three months and see how I am progressing towards the 2016 goals that I set back in December. It is still early on, so I can easily tweak where necessary! Now, lets dive into my Q1 2016 goals review.
Oddly, this isn’t the first time this thought has popped in to my mind. Last year I wrote a piece title “3 Reasons I Would Sell a Stock.” The listing was created to help me identify holdings that have fallen out of favor in my portfolio or have not performed. After elaborating on the 3 reasons I would sell, I reviewed my portfolio for any stocks that met the criteria. Any takers on guessing which one of the stocks that was discussed in the article? First Energy! Shocker, right? After one heck of a run by the stock that has brought me close to break even, I now find myself asking the question again. Is it finally time to sell my stake in First Energy?
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!
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.
The Dividend Diplomats were at it again! We both had bought the same company on Tuesday June 16th and we couldn’t be any more happier/excited with the purchase. The best part about it, neither of us had any idea we purchased the stock. We just sent each other a message discussing the purchase and it just so happened we set up the same automatic on Sharebuilder. The stock was back down a handful of dollars per share and in this volatile stock market environment, the company was too good to pass up on the price point and with the “legendary” status it has. We bought had made the purchase – an additional allocation and one a whole new stock. We purchased Johnson and Johnson (JNJ). Let’s see why we bought them!
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.