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 ?