How has your April 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 March, 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 negative prices are charted for oil for the first time ever and any other nonsense and manipulations we witness. 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 April stock buys.
I have added to my taxable account 6 shares at $274.90 for a total investment of $1,649.40 in Apple Inc. (AAPL). This is a new position.
I have added to my taxable account 2 shares at $163.29 for a total investment of $326.58 in Microsoft Corporation (MSFT). This is a new position.
I have added to my taxable account 2 shares at $137.19 for a total investment of $274.39 in General Dynamics Corporation (GD).
I have added to my taxable account 10 shares at $28.62 for a total investment of $286.20 in Leggett & Platt, Incorporated (LEG).
I have added to my ROTH account 6 shares at $273.03 for a total investment of $1,638.18 in Apple Inc. (AAPL).
In total I have put $4,174.75 of fresh capital to work in April. By now you already know that I continue to invest with blinders on even as the world is seemingly falling apart. Maybe I’m naive, a bad investor or simply an optimist knowing that eventually this too shall pass and life will resume normally. None of this “new normal” stuff, rather back to business as usual. Yes, it will take time but life will go on. September 11, 2001, nuclear war threats, Pearl Harbor, WWII, WWI, disease, recession, depression, just name it and the world has seen it yet somehow we are all here today.
As you can see from my purchases I decided to add a good chunk of my money in very cash rich companies. I was looking to be defensive this month. The DivHut portfolio has been very, very light in the tech sector since inception and by adding some exposure to AAPL and MSFT this month along with AVGO last month I finally dipped my toe into the tech water. This reminds me of a post I wrote back in 2017 titled, “Which Tech Stocks Make Good Long Term Investments?” It may have taken me almost three years to add tech but I’m happy to have that exposure now.
What do you think about my recent stock buys? Are you adding anything in April or accumulating/sitting on cash? Please let me know below.
Disclosure: Long AAPL, MSFT, GD, LEG