Monthly Portfolio Update – July 2014

Wow! My watch list got featured on Dividend Mantra’s Weekend Reading – July 20, 2014, 3rd from end, thank you Jason for doing so. 

This month of July was tumultuous with Dow Jones Average (ETF: DIA) dropping almost 2% in a single day on Thurs: July 31st. DIA is only down 4% from its recent peak and not in correction territory yet, characterized by 10% drop. The market never goes straight up and have bowls of indigestion 🙂 The bullish trend is very much intact, and these drops indeed 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 Deere & Company (DE), with current dividend yields of 2.79% and 2.82%  respectively. I follow what I write here and eat my own pudding too 🙂 Deere was also recent buy of Dividend Mantra, FranklyFrugalFinance, CompoundingIncome, and DividendGrowthInvestor. I need to run out to buy before it shoots to sky 😉

I bought 12 positions  in DE and initiated DRIP positions in XOM in my HID1 Portfolio. At current yield, DE will add $33.84 annually to my passive dividend income. DE was added in Roth IRA account where you do not pay any taxes when you them take out. This will push me closer to being financially independent in 12 years and travel around the world in exotic and beautiful places, hopefully 🙂

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. I also contribute towards 401K account in order to get employer’s match and help lower taxes as well.

My total portfolio value at the end of July is $40,832.41 which is 1.03% increase over last month of June Portfolio value of $39,673.40. This was mostly due to addition of positions in DE and XOM.

Thanks for reading.

Full Disclosure: Long on the above mentioned securities.

Did you add new securities this month of July ?

12 thoughts on “Monthly Portfolio Update – July 2014

  1. PIM,

    NIce buys there! I really like DE here. I think I’m going to buy more this month. Can’t let a good deal pass you up. 🙂

    Thanks for the mention as well! Keep up the great work. That snowball is rolling faster and faster now!

    Best regards.

    1. Jason,

      Yeah! I want to roll the snow ball as fast as possible 🙂 That will be awesome.

      Thanks for your support!

      Best wishes.

  2. Thanks for sharing your most recent updates. DE has been making the rounds among the dividend bloggers the past several weeks. At least I’m not reading as much about TGT anymore. That stock has been played out. Both solid buys. Look forward to your next update.

  3. Hi Keith,

    Yep, DE is doing big rounds. It’s a part of freedom to be able to share your updates with the community.

    You are doing great there as well with more than $200+ solid dividends. Thanks for stopping by!

    Best wishes.

  4. PIM,

    DE seems to be a hot pick among other dividend investors. Haven’t been tracking yet but will have to look. I’m not too familiar with the agricultural equipment industry.

    Regards,
    Dear Dividend

    1. Hi Dear Dividend,

      Yeah. DE has become a favorite among the bloggers. No doubt about that 🙂 I prefer DE as compared to CAT due to its better long-term growth and the rationale mentioned in my Stocks to watch list earlier.

      But, market has run quite a bit and only recently starting to dip a bit. So, it is becoming a better time to accumulate DGI stocks for long term. Hope that market dips even more so that we can buy some more 😉

      Thanks for stopping by.

      Best wishes.

    1. Hi PolliesDividend,

      Absolutely! I would love to share and help like-minded folks.

      That’s fantastic. Appreciate nominating my blog! I’m humbled on 2nd nomination.

      Thanks for stopping by!

      Best wishes.

    1. Hi Tawcan,

      Yes. DE is absolutely on fire in dividend bloggers community. In fact, I may add to my current positions but I’m still evaluating all my options. I would love to add blue chips to my DRIP positions and dollar cost average over a period of time.

      Thanks for stopping by! Appreciated much.

      Good luck on your FI journey as well!

  5. Hi PIM,

    Congratulations on the new holdings this month. Isn’t it a nice feeling to be one step closer to FI.

    Good news on the portfolio value front too. These steady increases over time make a huge overall impact.

    A couple of my holding dropped significantly this month, but my two purchases compensated and lifted my overall portfolio value compared to last month. Like you said though, there’s an opportunity now to get more value now.

    Keep up the good work, and thank you for sharing!

    All the best
    Huw

    1. Hi Huw,

      I could not agree more with you. Dividends in hand is a wonderful feeling 🙂 Though, I’ve a long way to go to become fully FI.

      Glad to hear that your portfolio is doing well. Now that market is correcting a bit, it is an opportune time to dip some more toes.

      Thanks for stopping by and kind words.

      Best wishes.

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