Here’s an event that doesn’t occur often… my third tranche of buys in a single month. In fact, the last time I made three separate buys in any of my portfolios in one month was back in September 2015. I guess this just illustrates my take on certain individual stocks and the better buying opportunities we are seeing in many solid dividend payers, despite the fact that the market as a whole keeps making record highs. Of course, we already know that the records we are seeing in the DOW and S&P are not inclusive of every sector as several have been left behind since the “Trump Bump” began. All this means to me is that sectors that were once beaten down are looking less desirable these days while other sectors that have been notoriously expensive are suddenly looking a lot more compelling from a price, value and yield perspective. With that being said, two sectors really seem to stand out in terms of appearing more attractive from an investment point of view, the REITs and the consumer staples. It’s no secret that every dividend investor loves the consumer staples sector for their “boring” reliability and predictability with their businesses as well as their dividend distributions which is why:
I have added to my ROTH account 17.0000 shares at $38.82 for a total investment of $659.94 in Unilever PLC (UL). With this recent purchase my ROTH account holdings in UL now totals 102.5645 shares for a value of $4,010.27.
This recent purchase will be my last in my ROTH retirement account as I have contributed the maximum $5,500 for 2016. Any new buys in the remaining five weeks or so of the year will have to be made in my taxable account.
What do you think about my recent purchase? This is my third nibble on UL in as many weeks. Clearly, this company is offering us much better buying opportunities than in months past. With continued weakness in the consumer staples I wouldn’t mind making additional buys in the sector.
Happy Thanksgiving to everyone.
Disclosure: Long UL