With May ending and the markets giving us better buying opportunities, I decided to add to some of my existing positions. I couldn’t resist some juicy yields, as a result of stock price declines, and decided to deploy a larger tranche this month compared to my small buys in April. Some of you have been unimpressed with my recent buys because I am deploying relatively small amounts of cash. That’s OK. This is how I invest. My preferred method has always been to dollar cost average into stocks. I nibble here and there every month no matter the market conditions. Sometimes my dollars buy me quite a few shares, other times the same amount buys me less. Either way, I am building up my positions and slowly increasing my passive income stream. With that being said here are my buys for May:
| Date | Symbol | Description | Quantity | Amount |
|---|---|---|---|---|
| 05/04/2023 | UGI | U G I CORP | 15 | -$447.98 |
| 05/10/2023 | UGI | U G I CORP | 5 | -$148.65 |
| 05/12/2023 | UGI | U G I CORP | 5 | -$142.75 |
| 05/26/2023 | UGI | U G I CORP | 4 | -$111.84 |
| 05/26/2023 | T | A T & T INC | 6.546 | -$100.00 |
| 05/26/2023 | VZ | VERIZON COMMUNICATN | 2.8722 | -$100.00 |
| Total: | -$1,051.22 |
As you can see I stuck to my May 2023 stock considerations pretty closely. I always like to lay out my potential buys each month as it gives me a general road map of stocks I’d like to add. In all, about $1,000 of fresh capital has been added to my portfolio. These recent buys continue to put me on track towards beating my 2022 dividend income totals. I look forward to seeing what my half year dividend income will be ending next month as that will give me a clearer view of what to expect towards the end of 2023.
What stocks ave you been buying in May? Please let me know below.
Disclosure: Long UGI, T, VZ
Interesting still adding VZ,I keep thinking of doing it but currently adding SBUX,SCHD and either AVGO or HD.
desidividend recently posted…2023 May Dividend Income Report
Hi desidividend,
I’m just averaging down on VZ. It’s still a small part of my portfolio and the yield appears to be safe even at elevated levels. I would like to add to AVGO too but now at current levels. Thanks for sharing.