With three weeks of September under our collective belts it was getting time for me to pull the trigger on my monthly dividend stock buy. As I always say, there is never a perfect time to buy. You just have to look at your portfolio, see what’s missing or needs to be bulked up, look for good relative value and a safe yield and just go for it. Too often we try to “out think” the market as if we, or anyone else for that matter, has a clue as to what will happen in the near term. I’m perfectly content making my monthly buys knowing full well we’ll see the market continue to rise for many more years or fall dramatically within days. As long as my passive income keeps rising on an annual basis it does not matter to me.
There really is nothing new under the sun when you think about it. I don’t buy into the “This time it’s different,” chime. The stock market has been through major recessions, depressions, economic expansion and contraction, two World Wars, health epidemics, double digit inflation, low single digit interest rates, cheap money, real estate booms and busts, the Korean War, Vietnam (conflict in Asia is nothing new), Pearl Harbor, nuclear bombs being dropped, Cuban Missile Crisis, 9/11, deadly heat waves, cold spells, hurricanes, earthquakes, flooding, bull markets that go on forever, scary bear markets and on, and on, and on. You get the point. We’ve seen it personally or read about it in history books. Life is scary and uncertain but goes on. Don’t be afraid to invest in the market today. Perhaps I’m a little jaded as I have already seen my portfolio decline by almost 50% during the Great Recession. I didn’t panic nor sell back then. I certainly will do the same the next time around. With that being said:
I have added to my taxable account 25.3835 shares at $31.52 for a total investment of $800.09 in Hormel Foods Corporation (HRL). With this recent purchase my taxable account holdings in HRL now totals 59.9895 shares with a market value of $1,903.47. I also hold 9.0 shares of HRL in my ROTH account with a market value of $285.57.
I have added to my taxable account 20.4250 shares at $39.17 for a total investment of $800.05 in Johnson Controls International plc (JCI). With this recent purchase my taxable account holdings in JCI now totals 115.4390 shares with a market value of $4,623.33.
Both of these recent buys were mentioned in my September stock considerations among other names that I continue to watch like Cardinal Health, Inc. (CAH) and General Electric Company (GE).
As the market continues to melt up and the calls for a correction only grow I am reminded, once again, to simply tune out all the noise and keep on my own track. What do you think about my recent buys? Have you been buying in September as well? Please let me know below.
Disclosure: Long HRL, JCI, CAH, GE