Recent Stock Purchase – August 2017

I added positions in one existing company in month of August. After selling over last few months, this is my second purchase in a while: a welcome change. Stock market is still at peak levels and that makes it difficult to find good values in such an environment. But, as they say, show must go on, rain or shine.

Below is the company where I put my capital on towards my race for earning $3000 per month in 3000 days. Last month, I completed 810 days of my freedom race and it was nice to have crossed $1500 in passive income. Below is the company:

1) Target Corp. (TGT): 5 positions at $56.54 on 8/22

Due to sale of several companies over last several months, total count of companies is now 36 in my portfolio. I’ll be re-building my portfolio once there is some decent pull back. 

Full Disclosure: Long on above mentioned stocks.

8 thoughts on “Recent Stock Purchase – August 2017

  1. Well this purchase was unexpected. Nice to see a buy after all this time. There are still some pretty good stocks selling at fair or better value. I know GIS, SJM, HRL look pretty good at current levels. Even with the market still high you can find some good individual names out there. Thanks for sharing.

    • Hi DH,

      Thanks for suggestion. I’ve been watching TGT and others stocks since some time and drop in TGT provided a good entry. Yes, there are few outta there but getting increasingly difficult to put cash to work. Thanks for stopping by and commenting.

    • Hi BHL,

      I see challenges to TGT and other retailers. Target just reduced the prices in direct competition to Amazon/Whole food price reductions. However, quality conscious customers still like it. Thanks for stopping by and commenting.

  2. Congrats on crossing that benchmark R2R! That is one impressive feat. I have a large stake in TGT and am looking elsewhere so it doesn’t become too large of a position in my portfolio. But definitely understand why you would add at this price. Nice purchase.

    Bert

    • Hi Bert,

      Good to hear that. Its easy to see that retail segment faces many head winds and need to keep an eye on it. Thanks for stopping by and commenting.

  3. Haven’t heard anyone buying up TGT for a while. Did you do it because it is on the rebound and coming up in the past few months? Or just because of it’s status and still has good value with a 4+% dividend? Either way, it is a quality buy. Should add a nice amount of dividend income for you.

    • Hi DD,

      Yeah, everyone is scared of retail industry and do not want to touch. I bought it due to the good value it provides at the current price; would not mind adding a little more if prices were to go down. Thanks for stopping by and commenting.

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