With the month of May quickly coming to an end, I decided it was time to pull the trigger and make my minimal once a month buy. My buying has really slowed since the beginning of the year as the market rebounded quite nicely from the early 2016 lows making desirable dividend stalwarts we all know and love less compelling from a value and dividend yield standpoint. In fact, the total investment I have made during the last two months have only equaled $1,330. Not a high figure by any measure for a sixty day period. My last big buy was back in February when I picked up $2,362.28 in Archer-Daniels-Midland Company (ADM) at $32.36. Well, building on my small investments made in March and April I continued on the same path in May and:
I have added to my ROTH account 11.221 shares at $71.12 for a total investment of $798.00 in Caterpillar Inc. (CAT). With this recent purchase my ROTH account holdings in CAT now totals 63.1785 shares for a value of $4,553.91.
I also own 72.9243 shares of CAT in my taxable account.
With an attractive yield of over 4%, albeit with a slightly high payout ratio, I was able to average down my buy price in my ROTH account. Looking forward towards June, I’m really at a loss of where I’d like to deploy my fresh capital. I know that no matter where the market will be next month I will remain consistent and make at least one buy as I have been doing every month since 2007. I do not try and time the market by staying out of it rather I simply put the brakes on heavier investments when I do not see any clear direction for my fresh capital.
What do you think about my recent stock purchase? Have you been putting on the brakes with your new purchases in recent days and weeks because of a “more expensive” market or are you remaining consistent with your buys making purchases at least once a month? Please let me know below.
Disclosure: Long ADM, CAT