It has been a very, very long time since I made two separate tranches of buys in a single month but sometimes the market has a flash sale and adding more shares is just too tempting to pass up. Again, in the short term everyone is simply making a guess as to where the market is going. It is literally impossible to predict day to day events but when having a longer term horizon your chances of “knowing” the future becomes a little clearer and you realize that buying and selling at the bottoms and tops is simply impossible to capture. Of course, this is why we dollar cost average into our positions buying up shares of quality companies that are beaten down and taking advantage of higher yields at the same time. With that being said:
I have added to my taxable account 27 shares at $27.89 for a total investment of $753.03 in AT&T Inc. (T). With this recent purchase my taxable account holdings in T now totals 197.3099 shares with a market value of $5,525.66.
I have added to my taxable account 32 shares at $37.93 for a total investment of $1,213.76 in Altria Group, Inc. (MO). With this recent purchase my taxable account holdings in MO now totals 301.5003 shares with a market value of $11,565.55. I also hold 70.0496 shares in my ROTH account.
I have added to my taxable account 2 shares at $136.70 for a total investment of $273.40 in General Dynamics Corporation (GD). With this recent purchase my taxable account holdings in GD now totals 10.0323 shares with a market value of $1,366.40. I also hold 4.0610 shares in my IRA account.
I have added to my ROTH account 10 shares at $37.99 for a total investment of $379.90 in Altria Group, Inc. (MO). With this recent purchase my ROTH account holdings in MO now totals 70.0496 shares with a market value of $2,687.10.
Clearly, with this second round of buys I went for some very juicy yield as I loaded up on as much MO as possible. Sometimes seeing a stock like MO yield close to 9% is a little too tempting to pass up. This tranche of buys has seen me add $2,620.09 of fresh capital coupled with my earlier buys this month of $3,571.11. It has been a while since I added this much cash in a single month but I guess that’s the benefit of making smaller buys when the market seems expensive and saving up a cash pile to deploy when the market swoons. What do you think about my recent stock buys? Did you take advantage of the recent market dip and add more stock? Please let me know below.
Disclosure: Long T, MO, GD
6 thoughts on “Recent Stock Purchase II September 2020”
Holy smokes! I did add 1 share of CSCO, GD and AFL today! Every little bit helps. WOW, though, that is quite a big punch of dividend income right there.
I’m still reeling from all those dividend cuts in 2020. Trying to play catch up though my annual totals will surpass my 2019 income which is my main concern. GD and AFL still look compelling in October.
Funny that both of us bought same companies this round ,except i bought 1 share or smaller as fidelity allows partial purchae.
desidividend recently posted…Expired options
Similar thoughts in the DGI community… happens often enough 🙂 Glad to see we are both on the same page. Keep adding many shares or few, the bottom line is that you are stacking.
I’m a big fan of Altria. If I had not so much shares from the company, I would buy more at these price levels.
I understand. MO is one of those stocks everyone loves to hate but its long term performance is hard to argue against and I think MO is positioning itself well towards a “smoke free” future.