Thursday, March 23, 2017

Wealth: Stock Purchase

March comes in like a lion and what a month it has been. While I haven't had a chance to do much of any writing at all for the blog, I've still been moving forward with the dividend scythe mission. For this month's purchase, I decided that instead of moving outwards with new acquisitions, I'd rather add more into an existing position while the pot was cold. 

After a quick look through the portfolio for deals to see what was down and priced to buy, I found that Target (TGT) was in the best position to grow outwards. That being said, I added a few more shares to try to buffer the loss of GNC's dividend cut while I wait for what I expect to be a rebound. And even though from what I read, there may never be a rebound for GNC, I believe that it is positioned to do so and I'm willing to bet what I have left in the company to ride it out.

And really, that's what it's all about when it comes to investing. With any company, there comes risk of failure of that company. Every time we bet on a winner, that bet could also be a big loser. You can't win if you never play the game. Only time will tell whether I'm right with GNC. I just hope it's sooner rather than later so that I can sell higher than I bought in and reinvest the earnings into a better dividend paying company.

Purchase Summary

BUY: 25 TGT @ 53.36/share
Total Purchase: $1,341.07
Additional Annual Dividends: $60

Thursday, March 2, 2017

Wealth: February Dividend Income

Moving forward from February to March, life marches on and so do the dividends! This was a very good month for me - in health, in stocks, and in life. That is no lie.

February was most prominently a great month for my health. I've taken major steps forward with the weight that I've been able to lift in the gym. I've moved from doing three sets of ten on moderately decent weights to lifting four sets of fifteen on high weights and the results are really showing. Where it might just be through my clothing, I know that it is a positive sign for the future if I continue on the path that I am going.

As for stocks, February was also a great month. I feel like I grabbed one of the best companies that I could with the acquisition of QCOM. It's a great company with a strong moat, a long history of dividend payments, and a strong brand name. It's also a name that I am very familiar with since I grew up in San Diego where the company calls home. There were also other potentials that were fairly priced but only QCOM grabbed the monthly funds.