Recent Stock Purchase III December 2016

As 2016 draws to an end I am succumbing to the ‘buying itch’ just one more time. As we have witnessed throughout the past year, incredible stock market volatility was no doubt the theme with January being the worst financial start of the year ever only to finish 2016 on an incredible high with many peaks and valleys coming in between. Brexit anyone? Oil prices? OPEC? Gold and silver spot? The bond market? You name it, practically every asset class has experienced a wild ride over the past year. I always say you can count on volatility and quick knee jerk reactions when it comes to the stock market. While fundamentally things rarely change day to day or hour to hour, it seems we can always expect dramatic price swings at even the mere hint of an interest rate hike, an oil cartel move or some other financial happening. Of course, no matter who speaks, or which world event takes place, we can count on the sun rising tomorrow and life simply proceeding. If interest rates continue to rise as anticipated or oil goes to $25 a barrel or $70, I fully expect people to still require, food, shelter, clothing, medical assistance and more. After all, no matter how digital our world becomes, we’re still just biological creatures that require the same necessities as our ancestors of one hundred and one thousand years ago. Of course, all this simply plays into the theme of never trying to time the market. We just don’t know what will happen going forward and as long term dividend growth investors all we can do is remain consistent with our buys seeking good relative yield, value and dividend safety in the form of covered dividends. With that being said let’s take a look at my recent purchase.

 

 

I have added to my taxable account 14.8976 shares at $53.70 for a total investment of $800.00 in V.F. Corporation (VFC). With this recent purchase my taxable account holdings in VFC now totals 55.2184 shares for a value of $2,964.01. I also hold 9.0703 shares in my ROTH account with a market value of $486.53.

 

Still sticking with my December Stock Considerations I am happy to be able to add to my VFC along with other stocks I have purchased in December. What do you think about my recent buy? Does VFC have a place in your portfolio? Please let me know below.

 

Disclosure: Long VFC

Image courtesy of: Sira Anamwong at FreeDigitalPhotos.net

24 thoughts on “Recent Stock Purchase III December 2016

    • Hi DK,

      I think VFC started to look attractive to many dividend investors once the yield hit 3%. Happy to be a fellow shareholder with you in a solid long time dividend payer. Thanks for commenting.

    • Hi IH,

      Whether the shares come your way via an options contract or a straight buy, VFC is a great name to hold in a long term dividend growth portfolio. As long as that yield stays at 3% and up I’ll be considering this name. As always, I appreciate your comment.

    • Hi MDP,

      It’s kind of encouraging to read about all these buys in recent days. I guess we can recognize good value when we see it. For me, seeing VFC at a 3%+ yield is all it takes to get me on board. Thank you for stopping by and commenting.

  1. It’s probably easier to predict which way the wind will blow nowadays with the technology than predicting the stock market swing day by day. That’s why I haven’t change my 401K distribution and the funds. I’d let it ride continue to average out over time, as the trend is up for the stock market over the longterm.

    As for my taxable account, I’m currently broke. LOL 🙂 with good reasons. I’ll see when the money start flowing again from this rental property I’m trying to get it fix to rent-able status. We shall see. In the meanwhile, I’m sitting on the sidelide.
    Vivianne recently posted…Hustle and  HustlingMy Profile

    • Hi Vivianne,

      You have the right attitude with your investments. Like you, if the market rises or falls dramatically, I’ll simply ride it out and average higher or lower staying consistent with my investing. I totally understand your reasoning for sitting on the sidelines these days 🙂 For you, it’s important to get that rental ship shape ASAP. Thank you for sharing your thoughts.

    • Hi DD,

      I consider VFC a ‘fashion staple’ with a stable of many well known and widely used brands worldwide. I think there’s a good reason this company is a dividend aristocrat and with a 3%+ yield it looks a lot more enticing. Thank you for commenting.

  2. Hey Keith,

    I too picked up some shares of VFC today. Since I had some idle time, I watched it open at around 54 and sat reading my news, drinking some wonderful diet coke product from KO, and watching the stock chart in my Active Trader account in Fidelity. Lo and behold, it dropped to 53.49, low of the day, and as luck would have it, my limit order!!

    Now feeling I was on a winning streak, I decided it was time to get some more OHI. I had a limit buy at 30.28 and that too hit almost dead on!

    Everyone have a great and wonderful New Year!!

    Jim – MDP ( not to be confused with My Dividend Pipeline’s nick ( MDP) 😉

    • Hi Jim,

      Seems like many of us are dipping into VFC at current levels. There’s a lot to like about this company going forward and no doubt it’s facing a lot of headwinds in the near term which is giving us much better buying opportunities. Congrats on picking some shares up at your specified price. That’s always a nice feeling. Like you, I’m also looking at the health REITs out there. Specifically, CCP, HCP, HCN and LTC. Thank you for stopping by and sharing your thoughts.

  3. Nice buy! Been watching VFC since Lanny performed an analysis of them a month ago. Nice to see that the price hasn’t moved since then, which is kind of surprising in this crazy market environment. I like the company, the brand portfolio, but I’m not the biggest fan of the industry. However, the fact the company is an Aristocrat validates that they have the ability to battle through the cyclical nature of the retail industry .

    Congrats on the big addition!

    Bert
    Dividend Diplomats recently posted…Stocks to Look Forward to in 2017My Profile

    • Hi DD,

      I know many consider VFC a fashion company which is why they do not like the industry that it operates but I would suggest that VFC is more of a ‘fashion staple’ type of company that is less sensitive to the fickle nature of consumers or short lived trends. VFC is very different from companies like ANF, URBN, AEO or AROPQ that live and die with the latest trend. VFC products serve both form and more importantly function. As always, I appreciate your comment.

    • Hi Brian,

      One of my “rules” is to stay consistent with my investing. It may mean I make just one buy during a month or several, but I make it a point to always invest fresh capital at least once a month no matter where the market is or where we stand in an economic cycle. Thank you for commenting.

  4. Hi divhut,

    I add yesterday also a few shares VFC and I bought 10 shares of pfeizer (PFE) which looks also an attractive buy.
    Let the dividends compound in 2017.
    Wish all of you a happy new year

    Willem

    • Hi willem,

      Nice to hear you picked up some VFC as well. It’s been a very popular name in recent weeks as prices fell and the yield grew to over 3%. Great buy with PFE as well. Here’s to a strong 2016 finish and a stronger 2017. Thank you for stopping by and commenting.

    • Hi ACI,

      The tallest buildings are constructed brick by brick and long term investing is no different. My goal is to be consistent with my investments adding or initiating positions every month, “little by little.” Happy to be a fellow shareholder with you in this quality stock. Thank you for sharing your thoughts.

    • Hi GRB,

      Looking back many years one could have made the case that the market was strong and reaching new highs and yet here we are today at these lofty levels. Sure, a correction can come and we can experience several years of a down market but as long as you can find relatively good value and yield, in any market condition, it’s probably a good time to nibble on some positions. I picked up some SO not long ago and like other utilities like ED and D as well. Good luck in 2017. Thank you for sharing your thoughts.

Leave a Comment

CommentLuv badge