Recent Stock Purchase January 2023

It has been a very, very long time since I made two or more 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.

I forgot to publish one of my small December 2022 buys so I’ll list it here. Kind of sticking to my January stock considerations list I did add Verizon Communications Inc. (VZ) and some Altria Group, Inc. (MO) along with another stock that I haven’t bought in a long time. With that being said:

01/19/2023LYBLYONDELLBASELL INDS5.5733-$499.99
01/18/2023MOALTRIA GROUP INC6.8971-$300.00
01/18/2023VZVERIZON COMMUNICATN7.5232-$300.00
01/17/2023VZVERIZON COMMUNICATN10-$410.07
01/17/2023LYBLYONDELLBASELL INDS2.7298-$250.00
01/17/2023VZVERIZON COMMUNICATN6.0802-$250.00
12/14/2022VZVERIZON COMMUNICATN13.3904-$500.00

LyondellBasell Industries N.V. (LYB) is the “new” stock I haven’t bought in a long time. Frankly, I wouldn’t mind adding more to this name as it appears to be fairly valued. The juicy yield well north of 5% appears to be safe with a low payout ratio of about 38%. We’ll see how this stock does in the coming weeks.

As you can see this month I put a much larger amount of cash to work compared to previous months ending 2022. In all, about $2,500 of fresh capital was put to work in my dividend growth portfolio. What stocks are you buying in the new year? Please let me know below.

Disclosure: Long VZ, MO, LYB

5 thoughts on “Recent Stock Purchase January 2023”

  1. Solid work DH! We’ve been stockpiling cash recently rather than investing it with it earmarked for an investment of some kind. We’ve got two other opportunities that could come into play that have much different risk/reward compared to plowing it into more dividend growth stocks but I think they are opportunities worth pursuing.
    JC recently posted…Dividend Increase | Fastenal $FAST #DividendMy Profile

    • Hi JC,

      The “personal” of personal finance. We each do what we think can offer the best risk/reward ratio. Still, curious to see what you nibble on in the dividend space. You can’t be foregoing this sector altogether?


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