Recent Buys: January 16th, 2014
I typically share my latest investments on Twitter before I get the chance to write about it here, so yesterday I revealed:
Don’t be afraid to follow my Twitter feed though, because it’s not all filled with awful stock ticker puns.
I recently added to two familiar names in my portfolio. I bought another $251 of Unilever (UL) which equaled 6.3049 shares at $39.81 each. This holding now has a total value of $1,767.54, and earns $60.70 each year in dividends. I’ve built this position on steady small contributions to my commision free Loyal3 account over the last few months. I enjoy the extra diversity from these smaller purchases this account provides. It really helps that Unilever has been lingering around fair value for so long too and if stays under $40, i’ll be buying more.
I also averaged down 9.31% on another 26 shares of Franklin Resources (BEN) in my taxable Sharebuilder account for $51.42 each for a total transaction of $1,343.87. My initial purchase of this company was less than a month ago when I thought $56.70 a share was fairly valued. To my delight, a few analyst downgrades have brought the price way down, which allows me to pick up more rapidly growing dividends for less money. This is one of those initial low yielding stocks that I expect to increase capital and dividends very quickly, similar to my holdings of Visa (V) and A.O.Smith (AOS), and my only regret with those so far was that I didn’t buy more. Both recent purchases add $24.65 to my annual forward income for a new total of $1,473.93.
Going forward, I’m watching the Energy sector like a hawk. CVX, NOV, KMI, and SLB are on my radar. My BP position is down a ton; I’d love to average down again but also feel I’m already exposed to a lot of risk there for my portfolio size. Canadian banks seem attractively priced with their own risks and BNS and TD are my leading candidates. I also want to buy more IBM, and hopefully I’ll have plenty of time for that as it lingers around this price or lower. Overall, I’d love for even more obvious stocks to come down in value, but I haven’t been too disappointed with my investment options lately.
On a side note, my fiancé and I have been doing a lot of planning and budgeting for our upcoming wedding and honeymoon. We want to pay for everything ourselves in cash and not accept money that would set our parents back from their own retirements. I’ll still be actively investing but just contributing about a third less to my portfolio over the next few months to account for these expenses. Then it’s full steam ahead.
How has January treated you so far? What have you been buying?