I’m reporting my automatic purchases for this past week:
$1100 of CVX
$700 of MDT
$200 of BBL
I used $2000 in new capital and added $96.89/year to my dividend income. This is an average yield of 4.84%.
$50 per Week Challenge:
From now until the end of the year, I’m going to challenge myself to invest enough money each week to generate at least $50 per year in annual income and a total cumulative amount of at least $1000. They are 18 weeks left between now and the end of the year.
Week 1/18 complete:
Target: $50 / Cummulative Target: $1000
Actual: $96 / Cummulative Actual: $96 (9.6% of goal)
I’m still building back up my CVX position. These prices are multi-year lows, who would have though a 6% yield on CVX!! My largest sector is in energy but at some point energy stocks will go up and I hope to average into other sectors at discounted prices to keep up the diversity.
MDT wasn’t really at the top of my buy list but I decided after the sell of BAX, I wanted to have more medical sector exposure. I think the medical sector will provided the largest gains by any sector over the next 10 years. I’ll work to bring up the position to a full weight while averaging into more shares.
BBL just recently declared to keep their dividend the same. This is great news and now may be a good chance to load up on the world’s largest mining company at an almost 8% dividend yield!! I also just added another 100 shares so I’m content with my position at this time.
Some stocks that are currently at the top of my list for next week are CVX, RDS.B, DE, MCD, MDT, PEP, KO, TD, WFC, UL, CSX, UNP, WFC, CMI. I own all but CMI and UNP but would like to initiate positions in those two at some point. I’m trying to average my portfolio out by first bringing up underweight positions that are near my cost basis or lower.
Just for some fun and to add some color I will be posting pictures of places I’ve been to. It’s also motivation to reach FI so I can travel and do what I want to when I want to.