I wish I had Bill Ackman’s pull

ADP shares surge on news of Ackman stake

When billionaire investor Bill Ackman’s Pershing Square Capital Management builds a stake in a company, the market listens.

When I build a stake in a company, my 14 followers listen … but that’s about it.

I wish I had the kind of pull Ackman has. Reports (like this one from TheStreet) that he built a stake in the business outsourcing company Automatic Data Processing Inc. (ADP) helped it jump as much as 13% at one point Thursday. It finished a little lower than that, but damn.

When I buy a stock – granted, I buy one share at a time while he buys hundreds of thousands – but, usually it dips right off the bat … sometimes by as much as that same 10% number. Yeah, I’m looking at you Target (TGT).

I know Ackman has made some interesting purchases in the past – we’ve all seen the documentary “Betting on Zero” on Netflix, right? – but he’s obviously doing something right. People don’t hand you billions of dollars to play with if you don’t have some sort of superhuman investing ability.

Anyway, I’ll stop rambling and get into what my portfolio did today. I’m glad the whole Ackman thing went down, though, as I do own a share of ADP. Unsurprisingly, it was my best performing stock.

Verizon (VZ), powered by news its unlimited plan boosted subscribers, was also solid for me, as was Merck (MRK), up 7.16% and 3.45%, respectively.

My biggest losers were Leggett & Platt (LEG), which slumped 6.43% after missing on EPS and revenues, Tupperware (TUP) and United Parcel Service (UPS).

Overall, my portfolio jumped $43.88 (0.58%) Thursday, including a pair of dividends.


Thursday marked the fourth straight day this week I was paid a dividend by at least one company. I nabbed $0.46 from Medtronic (MDT) and $0.47 from Pennymac Mortgage Investment Trust (PMT). I own a share of each company. The combined $0.93 they payed me brought my monthly dividend total to $21.21 and my 2017 haul to $155.93.

Medtronic payed me $0.43 last quarter for the share I own, meaning it raised its dividend by $0.03 sometime between now and then. The payment from PMT was my first ever as I opened up a position pretty recently.

I know I’ll never get to the point where I’m literally earning a dividend a day, but weeks like this one give a glimpse of what that would be like. The dividends are small now, but they’ll grow as I add to my positions. I’m really looking forward to seeing where this thing leads in the next 5-10 years.

I don’t expect you to follow this blog for the next 10 years, but it sure would be nice. Feel free to subscribe at the bottom of my site if you’re interested. I barely have 10 email subscribers as it is. I try to post every time I’m paid a dividend or make a purchase, which is, ideally, just about every day.

Don’t feel obligated, though. The fact that you made it to the bottom of this post is good enough for me.

Here’s how the rest of the week’s gone for me.

Thanks for reading. Talk to you soon.

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