I invested in 2 companies: Abbott Laboratories (ABT) and Exxon Mobil Corp (XOM) in first week of Dec month and plan to use these dividend growth stocks to grow my passive dividend income in the coming weeks and months. Portfolio shows all my latest positions.
Below are the companies that I put my capital on towards my race for earning $3000 per month in 3000 days. Last month, I completed 210 days of my freedom race and it was exciting to have crossed $400 in passive income for the first time. Without further ado:
1) Abbott Laboratories (ABT): 20 positions at 45.00 on 11/30
2) Exxon Mobil Corp. (XOM): 10 positions at $80.00 on 12/03
Last few months, I’ve been buying several energy companies and it is no secret the pain DGI community and investors are enduring for holding them, with oil touching new lows. However, these companies will bounce back hard as soon as oil reverses course and start accelerating in up direction; patient investors will be richly rewarded, while they collect dividends in the meantime.
After addition of 2 new companies: Archer Daniels Midland Co. (ADM) and Vector Group Ltd. (VGR) last month, I’ve 55 wonderful companies in my portfolio. I’m getting closer to desired diversification across various sectors and not putting all eggs in one basket.
Full Disclosure: Long on above mentioned stocks.
Thanks for reading.