One thing you can count on when it comes to the stock market, is volatility and quick knee jerk reactions. While fundamentally things rarely change day to day or hour to hour, for that matter, it seems we can always expect dramatic price swings at even the mere hint of an interest rate hike. Of course, no matter who speaks, or world event takes place, we can count on the sun rising tomorrow and life simply proceeding. If interest rates do rise sooner than anticipated, I fully expect people to still require, food, shelter, clothing, medical assistance and more. After all, no matter how digital our world becomes, we’re still just biological creatures that require the same necessities as our ancestors of one hundred and one thousand years ago. I tend to always have these reflections when the market takes an unexpected dive and stocks that I previously wouldn’t touch become a little more approachable.
In recent months I have wanted to start looking into leveling out my passive income stream so as to not become too reliant on just a handful of stocks for the bulk of my dividend income. Of course, this has been a difficult task as of late, as anything I wanted to add to seemed way too expensive. A nice sell off helps take some of the sting of buying at higher valuations. With that being said let’s take a look at my recent September stock purchases:
I have added to my taxable account 10.0000 shares at $42.55 for a total investment of $425.50 in The Coca-Cola Company (KO). With this recent purchase my taxable account holdings in KO now totals 103.4461 shares for a value of $4,372.67.
I have added to my taxable account 5.0000 shares at $65.39 for a total investment of $326.95 in General Mills, Inc. (GIS). With this recent purchase my taxable account holdings in GIS now totals 79.4704 shares for a value of $5,169.55.
I have added to my taxable account 4.0000 shares at $115.06 for a total investment of $460.24 in McDonald’s Corp. (MCD). With this recent purchase my taxable account holdings in MCD now totals 27.7941 shares for a value of $3,184.65.
I have added to my taxable account 4.0000 shares at $58.60 for a total investment of $234.40 in V.F. Corporation (VFC). With this recent purchase my taxable account holdings in VFC now totals 39.7726 shares for a value of $2,323.91.
It’s been a long time since I made so many purchases in one day. I guess I was enticed by the dramatic drop in the market last week. In all, each trade was on the small side as you can see with a grand total of $1,447.09 of fresh capital being put to work. I am continuing to nibble on positions as my free trades permit. Has the recent decline whetted your appetite to nibble or gorge on some stocks too? What do you think of my recent additions? Please let me know below.
Disclosure: Long KO, GIS, MCD, VFC