Looks like I waited till the very end of February to make my monthly purchase. Smart decision or dumb… time will tell over the coming years. As we all know we are living through the biblical ‘end of days’ as locusts and plague sweep the world over. Financial markets tumbling with no safe haven to be found. What happened to gold and silver? Look at crypto. Staples, utilities, health… you name it… it’s down big time. So what’s a long term dividend growth investor to do? Sit in cash and wait for the proverbial bottom? Pick up some great stocks on sale and ride out the storm? Personally, I’m of the opinion that one should always be nibbling on stocks. We buy high, we buy low, but we average over time all the while building up our passive income stream. I have no idea if the DOW will fall another 4,000 points, stabilize here or shoot back up on some sensationalist media hype. These are the times that test the real long term investors as we constantly wish for ‘sales’ yet when they come we fear putting fresh cash in the market. With that being said:
I have added to my ROTH account 14 shares at $33.26 for a total investment of $465.64 in Pfizer Inc. (PFE). With this recent purchase my ROTH account holdings in PFE now totals 33 shares with a market value of $1,089.00 I also hold 61 shares of PFE in my taxable account with a market value of $2,011.17.
I have added to my IRA account 16 shares at $30.22 for a total investment of $483.52 in Iron Mountain Incorporated (IRM). This is a new position in my IRA.
I have added to my IRA account 26 shares at $18.91 for a total investment of $491.66 in Physicians Realty Trust (DOC). This is a new position in my IRA.
In all, $1,440.82 of fresh capital put to work in my accounts with two new REITs added. As I said, I have no idea if this market rout will continue or subside but don’t believe anyone that claims they can call the bottom. Hindsight is always 20/20. Quite frankly, I have the ‘who cares’ attitude about my portfolio. If it all goes to zero we will all be living in a very different reality. So, in the meantime, I invest like I always have putting cash to work every single month buying during the highs and buying during the lows. It’s really all we can do.
What do you think about my recent stock purchases? Are you buying anything during these ‘end of days’ or building up cash? Please let me know below.
Disclosure: Long PFE, IRM, DOC
22 thoughts on “Recent Stock Purchase February 2020”
All you can do is stick to the time-tested plan and keep purchasing as you can. You should be rewarded in the long run, DivHut.
I’ve found myself adding AVGO and ADP as markets have declined. However, many stocks in my portfolio are at levels now that warrant a look when getting ready to deploy cash.
Engineering Dividends recently posted…Recent Transactions – CCI & AVGO
Exactly. I have been in the DGI game for about twelve years and during the ups and downs all I did was continue to make monthly buys and dollar cost average into my positions. I can’t call a top nor a bottom but I can average in.
Nice buys DH! I think you made the smart move. I bought some of UPS during the downturn and am building up money to buy more stocks. In the long run, the market will be fine. 🙂
My Dividend Dynasty recently posted…Tracking Monthly Expenses 2020 Edition
2020 will be a year to remember, that’s for sure. Like you, I will continue to make my buys and dollar cost average and have that long term outlook.
yes bought some VLO,MO.GSK,AWF and started a new position in kontoor brands,KTB, yesterday and today.
Awesome. Nice to see the buying continue among all this panic and selling. Nice to see we share some common names too.
Pfizer seems great but I’m not sure how the spinoff will affect that dividend. So I havent touched it.
I added to 3m this week. Like you I’ll just stick to the plan and keep injecting cash like normal.
Cheaper prices may just make me wanna work a couple more hours a week =)
keep it up man
Passivecanadianincome recently posted…Dividend Kings – 10 More Shares
I wonder if that spin off will go on hold because of current market conditions. Like MMM a lot, That’s been with me since the beginning. I think we’ll be seeing these cheaper prices for a lot longer.
Nice I have IRM. Wasn’t planning on buying much this past week but the market happened. Looks like you got some good deals. Keep it up.
Doug recently posted…Feb 2020 Stock Buys
Looks like we have even better deals these days. I’m still planning of making my monthly buys and spreading my bets further. AAPL and DIS look interesting to me too.
These are some great additions that you made. I am only familiar with the first 2 so I will have to do some research on the last one. I didnt realize that PFE was so close to my cost basis, I may have to add some to that position. Thanks for sharing!
Jason from MoreDividends recently posted…Coca Cola Increases Their Dividend by 2.5%
PFE had been quite resilient amid this market collapse. I still like it long term along with JNJ too.
Nice job making moves out there and sticking to your strategy. PFE is on my list, for sure, as well. Loving it and keep diving in, when others are fleeing the scene!
I’m amazed to see PFE holding up pretty well so far amid this collapse. I have a long list of names to consider next month. Now with zero commish I may be tempted to make many small buys instead of one or two larger ones.
I love seeing market corrections and full out bear markets. There are better buying opportunities for long-term investors. It doesn’t feel great to be down thousands of dollars on existing positions… and markets might keep on dropping but they’ll be much higher 10+ years from now. So on Friday, I put close to 10% of my portfolio in XOM shares. And I’m hoping to find even better deals soon. Next on my buy watch list is WBA. PFE is up there as well.
Always love to read about others with such strong convictions long term. We complain about expensive stocks out there and when a fire sale comes along many panic sell or refuse to buy waiting for that proverbial bottom. Dollar cost average, reinvest, rinse and repeat.
Could not agree more. If its the end times for real, we are all in trouble anyways. I like the IRM and DOC moves a lot, plus PFE should prove to be pretty rewarding as well.
Dividend Gremlin recently posted…February 2020 Buys
PFE has held up pretty well during this market sell off. I’d like to add some JNJ too next month but as you know there are many different stocks I’d like to buy as well.
I also started looking at IRM to average down ,Added MMM,AVGO last few weeks
desidividend recently posted…2019 Feb Dividend Report
Like your buys too. These days there are no shortages of great names to nibble on.
GOGOGOGO. Time in the market beats timing the market.
Financial Velociraptor recently posted…Sunday Punday
My sentiments exactly. I’ll continue to make my buys every month and dollar cost average into my positions.