It’s been a full month since I last posted a ‘recent buy’ article, which just goes to show that I’m having a tough time deciding where to put my fresh dollars to work. Of course, I do not think I’m alone in feeling this way as the market remains at all time highs and valuations and yields for many stocks I’m considering remain less than attractive or decent at best. Still, as many of you already know, I continue to follow my investing mantra by making sure I make at least one buy every single month and put some amount of dollars to work no matter how rich the market or certain stocks are valued. After all, being a long term dividend growth investor means I am better off not timing the market and putting money to work each and every month rather than sitting as cash. With that being said, and stocking to my August stock considerations:
I have added to my taxable account 2.0000 shares at $50.31 for a total investment of $100.62 in Wells Fargo & Company (WFC). With this recent purchase my taxable account holdings in WFC now totals 40.8132 shares for a value of $2,058.21.
I have added to my taxable account 2.0000 shares at $61.30 for a total investment of $122.60 in V.F. Corporation (VFC). With this recent purchase my taxable account holdings in VFC now totals 35.7726 shares for a value of $2,202.16.
Granted, the above purchases are not huge but they do represent a leveling of my dividend income as I seek to make my passive income stream less reliant on just a handful of stocks. We all have those few large positions in our portfolios that generate the bulk of our dividend income. Once in ‘retirement’ you ideally want a portfolio that provides a more equitable stream of passive income for additional safety in case of a dividend cut or elimination.
What do you think about my recent buys? Do you own or have you considered WFC or VFC for your dividend portfolio? Please let me know below.
Disclosure: Long WFC, VFC