This week’s steps: 8 purchases and 6 dividends

Unless I’m missing something – which is entirely possible considering I still have a ton to learn – there are some really, really good buying opportunities in the market right now.

It seems like every time I look up a stock I like is down 5-10%. I buy some, feel good about it, look up again and it’s down another 5%.

Crazy times.

My PORTFOLIO has done OK through it all – It seems like I always have a few solid gainers to offset the losses (one of the perks to owning shares of 150 different companies, I guess) – but I simply can’t stop buying. I just can’t.

I invested more than $4,000 LAST MONTH, which is 10 times more than the $400 I usually shoot for (thanks, tax return). I dropped another $1,448.45 this week alone, meaning I’ve outkicked my coverage again so to speak … by a lot.

I certainly won’t be able to keep up this pace for long, but, at least for now, I’m enjoying watching my forward annual income shoot closer and closer to the $1,000 mark. This week’s purchases, which I’ll get to in a second, will earn me an extra $55.99 of dividend income in the year to come. That’s a 3.86% yield on the $1,448.45 invested, which I’ll take all day long.

My forward annual dividend income, meanwhile, is up to $875.13. Think about that for a second … I’ve boosted my earning power by nearly $1,000 in less than a year and a half.

One thing that helps me keep going through the ups and downs is, well, I honestly can’t think of a better way to spend the money. I guess I could stash the cash in an online savings account and get what, 1% interest? Nah … I think I’ll keep buying solid companies at what appear to be pretty decent prices and see what happens, although it’ll be at a much, much more conservative clip for the next several months.

This week’s purchases

Almost $1,000 of the $1,448.45 I invested this week went to Pepsi and Royal Caribbean.

Pepsi (PEP), which I bought five shares of for $486.33 ($97.26/share), is flirting with its 52-week low of $95.94. It’s dividend yield, meanwhile, has gone up to nearly 4%. Royal Caribbean (RCL) isn’t too far from its 52-week low of $103.52, either. It doesn’t have the yield Pepsi does, but the dividend growth is what led me to pick up another four shares for $429.72 ($107.43/share) this week. RCL has a yield of 2.24%, but its last dividend raise was a solid 25% boost ($0.48/share per quarter to $0.60/share per quarter). A couple more of those and we’ll be in business.

I’m up to five shares of RCL (2.23% of my portfolio) and seven shares of PEP (2.84% of my portfolio).

This week’s other purchases included one share of EPR Properties (EPR) for $57.11, four shares of AT&T (T) for $127.62 ($31.90/share), 10 shares of Sotherly (SOHO) for $68.99 ($6.90/share), one share of Disney (DIS) for $99.81, four shares of Comcast (CMCSA) for $125.08 ($31.27/share) and three shares of New Residential Investment Corp. (NRZ) for $53.79 ($17.93/share).

This week’s dividends

This week was a pretty quiet one on the dividend front, which is probably another reason I went a little overboard with the purchases. I hate stagnation. I need to keep moving forward, so, when I don’t earn any dividends, purchases are a good way to maintain momentum.

My biggest payout came from Clorox (CLX), which passed along $4.80 for five shares ($0.96/share). I also received $0.41 from Lowe’s (LOW), $0.87 from Raytheon (RTN), $0.35 from American Express (AXP), $0.38 from Nucor (NUE) and $0.93 from General Dynamics (GD).

In all, I hauled in $7.74 this week, which bumped my May total to $33.13 and 2018 mark to $230.36.

March on!

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