Recent Stock Purchase August 2019

What a crazy August we just experienced. Volatility reared its head once again causing the market and many individual stocks to rise and fall seemingly on a whim. It was very difficult to make any sense of the market especially when trying to pick a stock to buy. Of course, the benefit of volatility is that new investment opportunities line up. Volatility enables us to potentially buy stocks at sale prices that we intend to hold for the long haul.

During the month of August I started to look at some potential new stocks to add to my portfolio especially since I started to sell some of my current holdings in an effort to “streamline” what I own. Looking back at my August stock considerations I was considering one of my old recent favorites, Altria Group, Inc. (MO) along with two newcomers Leggett & Platt, Incorporated (LEG) and LyondellBasell Industries N.V. (LYB) that have both been trading lower and thus offering some pretty compelling current yields. With that being said:

I have added to my taxable account 10 shares at $44.05 for a total investment of $440.50 in Altria Group, Inc. (MO). With this recent purchase my taxable account holdings in MO now totals 180 shares with a market value of $7,873.20. I also hold 35 shares of MO in my ROTH account with a market value of $1,530.90.

I have added to my taxable account 18 shares at $72.88 for a total investment of $1,311.84 in LyondellBasell Industries N.V. (LYB). This is a new holding in my account.

I don’t add new stocks to my portfolio often but when I do I tend to make them very long term positions. Looks like LEG has started to run the last couple of days in August too. Maybe that will be a September consideration of mine especially if it remains at around $37 or below.

What do you think about my August stock buys? Are you picking up shares during this volatile time period or sitting on the sidelines? Please let me know below.

Disclosure: Long MO, LYB

16 thoughts on “Recent Stock Purchase August 2019

    • Hi MDD,

      Happy to be a fellow LYB shareholder. This was a new name for me and I’m happy I jumped on board when I did. I don’t expect LYB to be a core holding but it can provide a little more diversification for me.

  1. Man, love that buy of MO down at $44 and that juicy 7.6% starting yield. I haven’t looked into LYB but I know there’s been a lot of chatter about them recently. August was a pretty busy month for me and we added shares of CSCO, MMM, ADM, MO, PFE and started a new position in BIP in the Roth. I’d love to add more MO, but I’ll probably need it to drop to $42 or less. It’s quickly become a relatively large position for me for dividends because of its high yield. I’m curious whether anything comes of the PM/MO merger.
    JC recently posted…Recent Buy (15)My Profile

    • Hi JC,

      You sure were busy buying up a lot of great names. MMM has been on the radar for many along with JNJ, MO and ADM too. Seems like over the last few weeks there has been no shortage of great names to pick up at sale prices. Keep up the good work!

    • Hi DD,

      I don’t hide the fact that these buys were a yield play. Sometimes, yields become too juicy to ignore so you have to act. Seeing MO and LYB trading where they were and sporting those juicy yields justified the risk reward in my mind.

    • Hi DD,

      Thanks for noticing 🙂 As I have commented to others it’s all about reaching a comfortable level with risk and reward. For those two names I felt comfortable nibbling. Sure wish I added to my LEG too at that time but I can’t complain about these two buys.

    • Hi ED,

      No doubt I went after some yield with these two buys. Seeing both stocks depressed was too much for me to ignore. The risk reward was at a level I decided to jump on board. Don’t think LYB will ever be a core position but MO probably will.

    • Hi DG,

      MO has been my go to stock for several months. Seeing LYB at its recent low was also too much for me to pass on. I sure wish I also initiated a LEG position at that time. Oh well, you can’t buy them all every time.

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