Monthly Portfolio Update – August 2014

This month of August was great with Dow Jones Average (ETF: DIA) gaining more than 3%. DIA is almost at its peak while last month of July was tumultuous. The market never goes straight up. We are building DGI Portfolios for long-term and short-term gyrations should not scare us, in fact, serve as buying opportunities for patient investors like us.

I allocated extra capital in securities that I wrote in Watch list for JulyExxonMobile Corp. (XOM) and also initiated positions in General Mills, Inc. (GIS), with current dividend yields of 2.77% and 3.07%  respectively. Small additional amounts were added in AbbVie Inc., (ABBV).

I bought 10 positions in GIS in my taxable account: HID2 Portfolio. At current yield of 3.07%, GIS will add $30.70 annually to my passive dividend income.  Currently, I’ve got 4 Portfolios: DRIP, HID1, HID2 and a recently added Roth IRA account. New capital is distributed across these 4 portfolios in both taxable and tax-free accounts so that I’ve freedom to enjoy my passive dividend income whenever they are able to cover all my expenses.

My total portfolio value at the end of August is $43,816.34 which is an increase of 7.30% over last month July Portfolio value of $40,821.41. Part of the gain came due to market lift off and other part was due to additions of positions in XOM, GIS, ABBV and other DRIP positions.

Thanks for reading.

Full Disclosure: Long on the above mentioned securities.

Did you add any new securities this month of August?

4 thoughts on “Monthly Portfolio Update – August 2014

  1. Hi PIM,

    Great update and thanks for sharing. Every stock you mention is a solid long term play and I fully agree with you about market gyrations providing us with some buying opportunities. Happy to be a fellow shareholder with you in GIS and ABBV. As always, a nice update and look forward to more.

  2. PIM,

    Nice month! You’re inching closer to $50k. Should cross over that mark before the end of the year at this pace. 🙂

    I also like GIS. A little concerned about breakfast habits changing, but they have a pretty broad portfolio of products, including yogurt and frozen food exposure in the breakfast area.

    Keep up the great work!


    1. Jason,

      That would be great when I hit $50K mark 🙂 but, I’ve limited capital for remaining months and it will be a long stretch if I hit that.

      Yes, GIS is a great company and is a long-term keeper as population grows, so, does GIS footprint, besides GIS being a marquee brand.

      Thanks for stopping by and support!

      Best wishes.

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