How has your summer been going? For me, it is more of the same which simply means making a monthly stock purchase and staying invested no matter how ugly the world economy is looking. As I said in the past, I don’t have a crystal ball, nor do I pretend to even attempt to understand what is going on in the markets these days as massive sell offs continue and crazy high prices are charted for oil and many other commodities, like corn for example. There is no shortage of excitement, that’s for sure. I just continue to have a long term outlook, continue to invest, diversify my portfolio even more and just hold on. With that being said let’s take a look at my July stock buys.
| Symbol | Description | Quantity | Price | Amount | |
|---|---|---|---|---|---|
| VZ | VERIZON COMMUNICATN | 9.0707 | $44.098 | -$400.00 | |
| MO | ALTRIA GROUP INC | 4.6515 | $42.996 | -$200.00 | |
| VZ | VERIZON COMMUNICATN | 4.3977 | $45.478 | -$200.00 | |
| T | A T & T INC | 10.8121 | $18.4977 | -$200.00 | |
| SBUX | STARBUCKS CORP | 2.3797 | $84.042 | -$199.99 | |
| Total: | -$1,199.99 |
As you can see this month I deployed significantly more cash than last month totaling $1,200. I continue to buy the same beaten down names in 2022 like SBUX and VZ while enjoying the higher current yield because of these price drops. I’m not sure lower prices are already baked into the market as interest rates continue to rise. Of course, all this means for long term dividend investors is that we are getting better buying opportunities for some high quality stocks.
What do you think about my stock buys for the month of July? What have you been buying?
Disclosure: Long VZ, MO, T, SBUX
Nice buys DH! Doubling down on VZ with that 5% plus yield is a good move. VZ is still high on my watchlist for my next round of buys. 🙂
My Dividend Dynasty recently posted…3 Reasons Why You Need an Emergency Fund
Hi MDD,
I still like VZ even at current levels. If I can bring my cost down while collecting a 5%+ yield I’ll do it.
Nice to see you are still buying up some solid beaten down dividend stocks. I am still investing in income producing stocks and in my work retirement account with mutual funds. I had to slow things down with individual stocks a little since I have school debt from getting my Master’s degree. I’ve been away from the blogging community a long time. Hope to jump back in and catch up with the ones who are still around and the new ones!
The Dividend SWAN
Hi SWAN,
Welcome back. Seems like we all take a break every now and then from blogging. For me, it’s been more of the same… collecting dividends, making new buys and averaging down when I can.
It looks like we have been adding to one of the same positions. I have also added to my position in Verizon lately. I hold all of these stocks but I haven’t added to any of the other positions. I hope that all has been going good for you!!!
Jason from MoreDividends recently posted…Wells Fargo Increases Their Dividend, For The Second Time, by 20% in 2022
Hi Jason,
So far so good. 2022 has given us better buying opportunities as prices have come down significantly. Now some good stocks are offering us yields well north of 5%.