Recent Stock Purchase February 2019

Looks like I waited till the end of the month to make my February buy. As you know I like to outline my potential picks at the beginning of the month and narrow down my choice(s) from there. While this recent pick up was not in my February stock consideration list it was in my January stock list. With that being said:

I have added to my taxable account 11 shares at $65.32 for a total investment of $718.52 in Gilead Sciences, Inc. (GILD). With this recent purchase my taxable account holdings in GILD now totals 16.0459 shares with a market value of $1,047.56.

As you can see, GILD is a very small portion of my overall portfolio and this further diversification should help mitigate any upcoming dividend cut surprises. I never want to become too reliant on just a handful of companies for the bulk of my dividend income stream. I know I still have a lot of work to do in that regard as a few of my holdings are churning out triple digit dividend payments every quarter.

What do you think about my recent buy? Are you looking at GILD or other health stocks? What are you buying? Please let me know below.

Disclosure: Long GILD

14 Comments

  1. Nice Keith

    The healthcare field has some nice deals. Im watching cvs and abbvie may make a buy in those.

    Cvs is taking a beating but havent seen a floor yet.

    keep stacking those divs
    cheers

    1. Hi Passivecanadianincome,

      I never looked at CVS myself though have been reading/seeing the headlines about that stock in recent weeks. For now, ABBV seems to be my go to health pick under $80. We’ll see where I go in April.

  2. Nice buy. Very important to mitigate cuts. I’ve been buying a couple of stocks. Be posting about it soon. Keep it up

    1. Hi Doug,

      The buying has to be consistent if going the DGI route. No timing or guessing the next crash. Just buy, reinvest, enjoy those raises when they come because eventually you’ll be hit with a cut. It’s just the nature of long term investing. So now in April it will be more of the same though not sure where I’ll deploy my cash… yet.

    1. Hi DG,

      See my comment below to Snugfortune. As you can see I hold many health sector names and wouldn’t mind continuing to add to that sector for the long haul.

  3. I hold JNJ and ABBV from the healthcare sector so far. But there is still some room for more health in my portfolio:)
    Currently I’m looking at AMGN, but might take a look at GILD as well.
    Cheers
    -SF

    1. Hi Snugfortune,

      There are many great health sector stocks to choose from though not all may be good buys at this time. I hold PFE, BDX, GILD, AMGN, JNJ, ABT, ABBV and others and a host of health REITs like VTR, HCP, HCN, LTC and SBRA. I guess you can tell I like the sector a lot long term.

  4. I don’t own GILD myself, but I’ll add it to my watch list and see where it falls when I do my personal screens. I did the same with ABBV after your recommendation and it hasn’t past my screens yet – and luckily has still been drifting lower. Wonder if March will be the month to pick up some pharma. Cheers, D4J

    1. Hi D4J,

      I like ABBV under $80. I know it may be a more volatile stock than others out there but at certain levels it just says, “Buy me.” GILD is a small portion of my portfolio along with complement AMGN. I like both stocks long term and wouldn’t mind adding more on weakness. Thanks for sharing your comment.

  5. […] Sciences, Inc. (GILD). It was one of my potential picks for December and January and was my sole buy in February and as prices continued to remain weak in 2019 and yields are still around historical highs at […]

  6. ABBV is one of my top holdings. I have looked at GILD and GSK before but haven’t pulled the trigger on it.

    Seems like you made a nice expansion to your current position.

    1. Hi MR,

      For now, ABBV looks like my choice if I see it under $80. It’s already quite large so I may have to wait to add to that name unless we see some major drop.

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