As you know by now I make a stock purchase every single month no matter what is going on in the world and despite the doom and gloom headlines. Perhaps I am naive or more of an optimist that we will get through these dark financial times somehow. Of course, it’s getting harder to simply invest with blinders on as more articles are being written about the demise of the U.S. dollar and clearly gold, silver and bitcoin highlight this potential fact as the dollar continues to weaken. Honestly, who the heck knows anymore? Wall street is partying like it’s 1999 while Main street suffers with high unemployment and ever increasing consumer prices. Banks are artificially propped up… massive amounts of cash printed out of thin air, Federal Reserve bank the scourge of modern finance some have you believe, fiat money backed by nothing. What gives??? While I am a firm believer in investing in stocks for the long haul and love dividend focused investing (despite cuts) I also believe in having assets well diversified. Stocks are great, but these days I believe hard assets like gold, silver, bitcoin and real estate are just as important. Without ranting too much further I’d like to share my July 2020 stock purchases. A little late with the post as DivHut has been giving me serious issues. I went super plain, minimal plugins and hope DivHut will remain secure. Geez, I just want to blog without dealing with malware redirects, DDOS, phishing and other hacks. OK… on to my July buys:
I have added to my taxable account 33.7610 shares at $29.61 for a total investment of $999.66 in AT&T Inc. (T). With this recent purchase my taxable account holdings in T now totals 97.1659 shares with a market value of $2,890.20.
I have added to my taxable account 4.9147 share at $203.47 for a total investment of $999.99 in Microsoft Corporation (MSFT). With this recent purchase my taxable account holdings in MSFT now totals 7.9201 shares with a market value of $1,653.56. I also hold 2.0054 shares in my ROTH account.
I have added to my taxable account 2.6189 shares at $381.82 for a total investment of $999.95 in Apple Inc. (AAPL). With this recent purchase my taxable account holdings in AAPL now totals 8.6350 shares with a market value of $3,975.88. I also hold 7.0161 shares in my ROTH account.
I have added to my taxable account 24.0853 share at $41.51 for a total investment of $999.78 in Altria Group, Inc. (MO). With this recent purchase my taxable account holdings in MO now totals 248.7205 shares with a market value of $10,610.39. I also hold 47.1363 shares in my ROTH account.
In total I have put $3,999.38 of fresh capital to work in July. Again, I have no idea about the immediate future but long term, and with a diversified portfolio, I feel I can weather our current economic storm. Of course, these days it seems that no portfolio is immune from those dreaded dividend cuts but by staying the course and continuing to invest and diversifying greatly mitigates any of the nastiness.
What do you think about my recent stock buys? Are you adding/ed anything in July/August or accumulating/sitting on cash? Please let me know below. I also shuttled several stocks in July that stopped paying dividends. Basically all spin offs.
Hopefully my site will be trouble free going forward and I will be able to post in a timely manner.
Disclosure: Long all above