It’s been a while since I posted a ‘recent stock purchase’ blog post. In fact, almost one month has passed since my latest acquisition. Sometimes that happens when being a dividend growth investor. No worries on my end though. I have been doing this since 2007 and have not missed a single month of buys. I always say that consistency is one of the key ingredients to successful long term investing. It’s important to have that cash working for you at all times in every market and economic cycle. Sometimes you buy on the high end and sometimes you buy on the low end. In the end it all averages out while you get paid to wait.
October has been a relatively “mild” month in terms of volatility when compared to August and September. Many prices of beaten down industrial names such as Caterpillar Inc. (CAT), Emerson Electric Co. (EMR) and Dover Corporation (DOV) rebounded quite nicely in the last few weeks only for us to see new potential buying opportunities in newly beaten down stocks International Business Machines Corporation (IBM), Wal-Mart Stores Inc. (WMT) and Yum! Brands, Inc. (YUM) to name a few. It’s commonly said that we do not invest in a stock market rather than a market of stocks and these examples just highlight the fact that even when “markets” are climbing or falling, there are always individual stocks that can offer a potential bright spot for investing.
Coming into October, my focus was squarely upon adding to existing positions in my portfolio. Looking back at my October Stock Considerations, my attention zeroed in on the downtrodden industrial stocks, CAT, EMR and DOV as well as the large Canadian banks for my fresh capital. With that being said, let’s take a look at my recent stock purchases.
I have added to my taxable account 13.0783 shares at $61.17 for a total investment of $800.00 in Dover Corporation (DOV). With this recent purchase my taxable account holdings in DOV now totals 44.3154 shares for a value of $2,742.24.
I have added to my ROTH account 16.4542 shares at $70.68 for a total investment of $1,163.00 in Caterpillar Inc. (CAT). With this recent purchase my ROTH account holdings in CAT now totals 44.3716 shares for a value of $3,091.37. I also hold 70.5101 shares of CAT in my taxable account. With this recent purchase in my ROTH account I have fully exhausted my $5,500.00 annual contribution. With two more months to go in 2015 my focus will now shift towards my taxable account and potentially my IRA account which holds a cash balance from a recent rollover. What does this mean? No more Canadian stock buys till at least January 2016.
What do you think about my recent buys? Are any of the names mentioned above on your watch list? Please let me know below.
Disclosure: Long CAT, EMR, DOV, YUM