Happy 4th of July! This month I’m adding to existing positions where I am currently a little thin. There aren’t many scorching values currently, so this is a perfect month to dollar cost average into existing positions.
I keep a running log of every dividend stock I purchase which can be viewed in the dividend growth stock purchases page.
So far, I’ve put a little over $2,600 to work with an average yield of 2.8%. I’ve added almost $75 of yearly forward dividend income this month!
The $IRM purchase was made via DRIP.
New Buys - July 2021
My dividend portfolio has been updated with these buys.
All additional purchases made this July will be posted on this page. I aim to invest $2,500 – $4,000 every month. However, last month I invested almost $7,200!
6 Comments
Congrats on a putting a good amount of money to work! I’m in the same boat where I’ve been struggling to find good investment candidates so it’s been a lot of DCA and leaning into some higher growth/lower yield opportunities for the long term.
Thanks! I’m with you! Gotta keep adding money every month… even when you can’t find incredible deals. A little here and a little there become a LOT down the road.
Hello,
I have been reading your blog over the last couple of weeks. Thank you for sharing all of this information. I really appreciate the information as I continue to learn and determine where to put my money.
In my research of dividends I’ve come across the high yielding cover call divided stocks/ETF. I don’t see mention of covered call stocks in your blog – is there a specific reason you don’t invest in covered call ETFs? If you do have a piece written about them somewhere could you please share that link?
Thank you for your time, Maverick
Hi Maverick,
Thanks for reading and the comment. I do own a little $QYLD – mostly as an experiment. I wrote a little about my thoughts on how $QYLD is not a dividend growth stock here. Hopefully, that helps! If you are looking for immediate income, then they are a good option. However, if you are looking for increases in either dividend growth or price appreciation – then there are much better options out there.
A nice group of stocks of fine businesses you added to your portfolio. Keep adding, the compound effect is already working for you!
Cheers
SavyFox
Thanks Savy!