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 July: ExxonMobile 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?