Recent Buys: October 9th, 2014
Today my total combined portfolio hit the red, as in a negative value. It hasn’t done this for almost a full year. Instead of holding my breath and getting scared, I got excited at all the opportunities in the market and ultimately decided to average down on United Technologies Corporation (UTX) as it set new 52-week lows. I initiated a position in this company just last month at $108.21 a share. Today I got in about 7% lower when I added 16 additional shares for $100.60 each and a $6.95 commission for a total transaction cost of $1616.55. My overall cost basis on this position decreases from $108.71 to $104.61 per share, and the purchase adds $37.76 to my 12 month forward dividends.
I’ve also followed some of my peers that I respect so much this month by opening a no cost Loyal3 account (non-referral link). If you haven’t read the post ‘Snowball City – Loyal3 Dividends’ at ‘Write Your Own Reality,’ do yourself a favor by checking it out and get inspired! In my new account, I initiated a small position and then added to Wal-Mart (WMT), and I will keep chipping away as I see fit. I am now invested in a total of 19 companies that pay growing dividends. I’ve made three Loyal3 purchases so far this month, and one of them was with a $10 free credit I got for opening the account. My portfolio page has been updated accordingly. These small transactions added $2.72 to my 12 month forward dividends. Here are the details:
My new combined 12 month forward dividend total is $1,118.96. Shortly after my purchase of UTX today, I read a great new article from the creator of fast graphs, Chuck Carnevale. It’s called “45 Attractive Dividend Growth Stocks In Today’s Overheated Stock Market – Part 1” and the first company he highlights happens to be UTX. In this article you can find several other great research candidates to look into while we’re experiencing this much welcomed market volatility.
I’m eager to see where the market goes from here, and either way I’ll be buying solid companies and collecting those sweet dividends that will one day pay for all of my expenses.
What do you think of UTX and WMT? What did you add to your portfolio in these past few days?