With October ending and the markets giving us better buying opportunities (down a lot), 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 my usual small buys as I have done for a few months. 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 October:
| Date | Symbol | Description | Amount |
|---|---|---|---|
| 10/02/2023 | MO | ALTRIA GROUP INC | -$124.44 |
| 10/02/2023 | UGI | U G I CORP | -$110.38 |
| 10/02/2023 | LEG | LEGGETT & PLATT INC | -$100.10 |
| 10/03/2023 | UGI | U G I CORP | -$107.68 |
| 10/03/2023 | MO | ALTRIA GROUP INC | -$122.76 |
| Total: | -$565.36 |
As you can see I stuck to my UGI and LEG and now MO. UGI and LEG have both been on my buy list for several months as they both continue to decline in 2023. MO has recently entered into the dumps too yielding close to 10%. A nibble there was certainly warranted. In all, about $560 of fresh capital has been added to my portfolio. These recent buys continue to put me on track towards beating my 2023 dividend income totals. I look forward to seeing what my total 2023 dividend income will be ending in the next couple of months.
What stocks ave you been buying in October? Please let me know below.
Disclosure: Long UGI, LEG, MO
Hey man, thanks for the update. I recently added IEP, MMM, NEP, WEN, O and NNN to my portfolio this month. Roughly $300 worth.
RomesBlog recently posted…$10,000 Dividend Investment Portfolio
Hi RB,
Thanks for sharing your buys. Slowly, build up that passive income stream. MMM has been in a steady decline for a while now and could be a nice turnaround play in the coming years with lawsuits hopefully in the rear view.
That is what I am hoping for. I am hoping MMM drops a bit so I can scoop more up and wait for it to rise again. I’m trying man, little by little. 🙂
RomesBlog recently posted…S&P 500 Historical Returns: Patience is Key
Hi RB,
Well, Rome wasn’t built in a day. Slowly, but surely accumulate shares when you can. Over time you will be surprised to see how your share count has grown. MMM has rebounded a bit from its depths though it still is down big time over the last couple of years. Thanks for commenting.