It’s been a few months since I last made two purchases in a month but here we are in January and I just couldn’t resist nibbling on some more discounted stock… that seems to be discounting on a daily basis which just goes to show that no one can ever buy at a true bottom nor sell at a true top. All you can do is look for good value, discounted prices, enough free cash to keep a dividend rolling into your account, make sure no single position becomes too large in your portfolio and diversify. Those general rules can help mitigate against any of those nasty dividend cuts, or worse, elimination. With that being said:
I have added to my taxable account 22 shares at $44.82 for a total investment of $986.04 in Altria Group, Inc. (MO). With this recent purchase my taxable account holdings in MO now totals 56.5462 shares with a market value of $2,410.57. I also hold 27 shares of MO in my ROTH account with a market value of $1,151.01.
If you have been following my blog for the last few months you already know that MO has been on my mind. I recently added this stock to my ROTH and not too long ago started a position in my taxable account as well. I know MO is a stock that people love to hate and hate to love but there comes a point when the numbers make it too irresistible to nibble. I know I’m not alone regarding investors out there who love to pounce on out of favor stocks. These days, while many names are offering us some compelling value, MO looks like a good choice for those with a longer term horizon.
What do you think about my recent buy? Are you looking at MO this month as well? What are you buying? Please let me know below.
Disclosure: Long MO