With September off to a volatile start, we have been given several new buying opportunities not seen in a while. After all, volatility often equates to opportunity and with that comes the chance to nibble or gorge on stocks at much better prices, values and yields. As many of you have noticed my recent buys have been on the small side as I continue to diversify my dividend income stream by adding to some of my smaller positions in my portfolio. I do not want a top heavy dividend income portfolio as I see that as potentially dangerous to my overall income stream should one of those larger positions falter.
Besides adding to my current smaller holdings, I have been looking to initiate new positions as well to add further diversification to my portfolio. Looking at my September stock considerations list I had mentioned that I was looking to potentially start a new position in Cardinal Health, Inc. (CAH), T. Rowe Price Group, Inc. (TROW) and The Travelers Companies, Inc. (TRV) as their prices have come down and started to look a lot more compelling from a yield perspective. With that being said:
I have added to my taxable account 5.0000 shares at $75.25 for a total investment of $376.25 in Cardinal Health, Inc. (CAH). This is a new position in my portfolio.
I have added to my taxable account 5.0000 shares at $66.95 for a total investment of $334.75 in T. Rowe Price Group, Inc. (TROW). This is a new position in my portfolio.
I am continuing to nibble on positions as my free trades permit. Going forward I wouldn’t mind significantly increasing my stake in CAH as I like the health sector a lot longer term and wouldn’t mind growing old with that name. TROW on the other hand has a place in my portfolio though I do not see it as becoming a very large position. Time will tell of course.
Has the recent decline whetted your appetite to nibble or gorge on some stocks too? What do you think of my recent additions? Please let me know below.
Disclosure: Long CAH, TROW