With three weeks of October in the books, I felt it was time for me to pull the trigger on at least one monthly buy as I have been doing for many, many years during all market conditions. I have to admit, it’s refreshing to see several of our fellow dividend bloggers continuing to make buys even as others have decided to trim or completely sell their entire portfolio. Personally, I have no skin in anyone’s game other than my own and I always believed that personal finance is personal. Everyone must do what they feel comfortable for their own situation and appetite for risk. After all, that’s what risk tolerance is all about.
These days, despite the market trading sideways for a while, there seems to be no shortage of names selling at more compelling values and yields when compared to just a few months ago. The pharmaceutical/bio-tech space seems to be offering a lot of great buys as does the finance sector including banks, asset managers and insurance companies and even several consumer space names like V.F. Corporation (VFC) and Unilever PLC (UL) have been trading lower in the last month or so. Clearly, despite the market trading near all time highs, better value and yield plays can be found. With that being said, let’s take a look at my recent stock purchases for October 2016.
I have added to my taxable account 8.0000 shares at $50.74 for a total investment of $405.92 in Southern Company (SO). With this recent purchase my taxable account holdings in SO now totals 45.4049 shares for a value of $2,302.94.
I have added to my taxable account 9.0000 shares at $44.41 for a total investment of $399.69 in Johnson Controls International plc (JCI). With this recent purchase my taxable account holdings in JCI now totals 66.5733 shares for a value of $2,941.87.
I have added to my ROTH account 11.0000 shares at $42.74 for a total investment of $470.14 in Unilever PLC (UL). With this recent purchase my ROTH account holdings in UL now totals 58.5645 shares for a value of $2,504.80.
Again, I have nibbled on several positions in my portfolio as I have been doing for several months. In all, I was able to put $1,275.75 of fresh capital to work with another week plus to go in October trading. Should other names become compelling to me I won’t hesitate to continue nibbling on positions already in my portfolio.
What do you think about my recent buys? Are any of the above stocks on your October considerations list? With the market seemingly stuck within a trading range, has it got you thinking about sitting on the sidelines or are you continuing to make buys? Please let me know below.
Disclosure: Long VFC, UL, SO, JCI