With August ending and the markets giving us better buying opportunities, I decided to add to some of my existing positions. Usually, I make one collective buy per month but I couldn’t resist some of these juicy yields and decided to deploy a second tranche of cash before the month was over. Some of you have been unimpressed with my recent buys because I am deploying relatively small amounts of cash. That’s OK. This is how I invest. My preferred method has always been to dollar cost average into stocks. I nibble here and there every month no matter the market conditions. Sometimes my dollars buy me quite a few shares, other times the same amount buys me less. Either way, I am building up my positions and slowly increasing my passive income stream. With that being said here are my final buys for August:
| Date | Symbol | Description | Quantity | Amount |
|---|---|---|---|---|
| 08/30/2022 | GSK | GSK PLC | 10 | -$330.50 |
| 08/30/2022 | VZ | VERIZON COMMUNICATN | 5.8455 | -$250.00 |
| 08/30/2022 | T | A T & T INC | 14.0228 | -$250.00 |
| 08/29/2022 | VZ | VERIZON COMMUNICATN | 5.7806 | -$250.00 |
| 08/29/2022 | T | A T & T INC | 14.0307 | -$250.00 |
| 08/29/2022 | GSK | GSK PLC | 10 | -$330.80 |
As you can see, I continue to buy the same beaten down names in 2022 like VZ and a newcomer for the year GSK while enjoying the higher current yield because of these price drops. People like to talk about crypto volatility but the market in recent months has plenty of examples of wild price swings too. We’ll see how the rest of the year plays out with rising interest rates still on deck while in the midst of a recession. Of course, all this means for long term dividend investors is that we are getting better buying opportunities for some high quality stocks. It’s unlikely I’ll be adding any more shares in August.
What do you think about my stock buys for the month of August? What have you been buying?
Disclosure: Long VZ, GSK, T
Nice buys DH! Keep locking in those awesome yields! 🙂
My Dividend Dynasty recently posted…Can Minimalism Make You Rich?
Hi MDD,
Markets tank, what else can you do as a dividend investor? I don’t pretend to know how to time markets. Just make small buys each month.
Nice buys I’ve been picking up a bit more Verizon over the last few weeks as well. Hoping we see the market continue to pull back and let us all buys shares at better and better valuations.
JC recently posted…Investment Review – EOG Resources
Hi JC,
VZ and others still look pretty beaten down. I know, I know… markets can go even lower but in the DGI game I cannot time the market, rather make small monthly buys and grow my passive income that way.