After a quiet August, in terms of new buys as I only made one purchase the whole month, I started September off on a much stronger note making several buys in just these first few days. After witnessing the market swoon in such dramatic fashion I couldn’t help but pick up some names from my recent September stock considerations post as better prices, value and yield were being offered in many great names that just a few short weeks or months ago were deemed untouchable. It seems that troubles in China, the overall collapse of all commodities from gold, silver, copper, oil, steel, coal, wheat, corn and more to Fed interest rate hike fears have given rise to a market that’s extra volatile and slightly better valued. Why not take advantage of this market volatility and get some fresh capital earning some decent yield right away. After all, while the market is very unpredictable, dividends are foreseeable. With that being said, let’s review my recent buys in the month of September.
Sticking with my September stock considerations I have decided to buy into the Canadian banks once more as well as an industrial giant.
I have added to my ROTH account 20.6239 shares at $38.79 for a total investment of $800.00 in The Toronto-Dominion Bank (TD). With this recent purchase my ROTH account holdings in TD now totals 166.8442 shares for a value of $6,541.96.
I have added to my ROTH account 14.8176 shares at $53.99 for a total investment of $800.00 in Royal Bank of Canada (RY). With this recent purchase my ROTH account holdings in RY now totals 68.0400 shares for a value of $3,705.46.
I have added to my ROTH account 10.6285 shares at $75.27 for a total investment of $800.00 in Caterpillar Inc. (CAT). With this recent purchase my ROTH account holdings in CAT now totals 27.9174 shares for a value of $2,078.45. I also have a CAT position in my taxable account.
It’s no secret that I have been liking the Canadian banks for a while and that each of these purchases all offer yields around 4% which makes them extra attractive from a dividend perspective. Sure, near term headwinds abound for these companies, but it’s those headwinds that are beating up stock prices giving us all better buying opportunities.
What do you think about my recent buys? Are you buying into any Canadian banks or other industrial names that have recently sold off? Please let me know below.
Disclosure: Long TD, RY, CAT