It sure has been a long time since I made two or more separate buys in one month. The last time I made multiple buys in a month was January of this year. I guess it kind of gives a little insight as to what I think about the market these days. While I don’t find the current conditions in the market as particularly attractive for investing, I still, nonetheless, am making my usual monthly buys. After all, time in the market beats timing the market and one of my investing mantras is to remain consistent with my buying in all market conditions. That being said, I’m happy to be able to stick to my monthly stock considerations road maps and:
I have added to my taxable account 21.3864 shares at $37.41 for a total investment of $800.00 in Abbott Laboratories (ABT). With this recent purchase my taxable account holdings in ABT now totals 77.3372 shares for a market value of $2,982.90.
While I’m a big fan of the Canadian banks I think it’s time to diversify my income stream a bit more and focus on some of my smaller holdings in other sectors. Making two buys this month in the health sector is a step in that direction. Of course, should values and yields become very tempting north of the border I may nibble on the banks some more. In the meantime, my focus will shift to other sectors.
What do you think about my recent buy? Is ABT or another stock on your June watch list? With the market bouncing all over the place has it got you thinking about sitting on the sidelines? Please let me know below.
Disclosure: Long ABT, ABBV