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. Either way, I have been busy buying up some stock this month and was happy to put some fresh and recycled capital to work to try and recoup some of my lost dividend income courtesy of the numerous cuts bestowed upon my portfolio in recent years. I know the only thing in my power is to dollar cost average into my positions buying at near all time highs while also buying during big time swoons and staying diversified to mitigate those dividend cuts we have all become familiar with. With that being said, and sticking to my October 2022 stock considerations, I continued to nibble and add to my portfolio:
| Date | Action | Symbol | Description | Quantity | Amount |
|---|---|---|---|---|---|
| 10/06/2022 | Buy | UGI | U G I CORP | 10 | -$326.98 |
| 10/06/2022 | Buy | MO | ALTRIA GROUP INC | 5.8509 | -$250.00 |
| 10/06/2022 | Buy | VZ | VERIZON COMMUNICATN | 6.581 | -$250.00 |
| 10/03/2022 | Buy | MO | ALTRIA GROUP INC | 6.1232 | -$250.00 |
| 10/03/2022 | Buy | VTRS | VIATRIS INC | 29.488 | -$250.00 |
| 10/03/2022 | Buy | VZ | VERIZON COMMUNICATN | 6.4703 | -$250.00 |
| 10/03/2022 | Buy | VFC | VF CORP | 8.3128 | -$250.00 |
| 10/03/2022 | Buy | UGI | U G I CORP | 8 | -$265.04 |
| Transactions Total: | -$2,092.02 |
As you can see, I nibbled on several different positions earlier this month. Seeing some of these dividend stalwarts with yields way above their historical average was too much to ignore. Sure prices may continue to fall further but as a long time dividend investor I know that it is impossible to catch an absolute bottom. As mentioned earlier, averaging into positions over time allows me to build up a portfolio without sweating the day to day or week to week market gyrations. In all, I was able to put over $2,000 to work in October which is just fine by me.
What do you think about my October buys? What have you been picking up? Please let me know below.
Disclosure: Long all above
Nice job gobbling up multiple stocks. Your dividend income is going to be HUGE on your next monthly report! 🙂
My Dividend Dynasty recently posted…3 Benefits of Being Car Free! Is it Time You Ditch the Car?
Hi MDD,
I buy every month. Sometimes I buy just a bit and sometimes I buy more. I think it’s important to stay in the game and keep building up that passive income. We are being robbed every day with inflation. Have to stay ahead.
October was a bit slower on the investment front for us, but it looks like you guys were pretty busy. MO and VZ look especially enticing with those very strong dividend yields. It’s taking a lot for me to not just keep adding to those but I still nibble a bit on both just about every month.
JC recently posted…CME Group: Something Special This Way Comes $CME
Hi JC,
We all do what we can. This is personal finance. We must tailor our investments based on our individual needs and risk tolerances. It is crazy seeing some these very high yields in some stocks though. Can’t say I’m complaining about it.