Recent Stock Purchase I – December 2015

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.

4 thoughts on “Recent Stock Purchase I – December 2015

  1. Like the ABT buy. It’s been a great long term holding in my portfolio and in one of my favorite long term sectors. Your portfolio has grown really fast with 55 holdings. That’s more than my portfolio even after several spin offs have been added. Thanks for sharing and keep buying those quality names.

    • Hi DH,

      I plan to add more of ABT and some other healthcare companies: JNJ, PFE & GILD in next several months. I’ve deployed most of my capital to jump start my portfolio in the beginning but going forward, I expect the purchases to moderate. I invested quite a bit in energy companies, not at opportune time. Hopefully, bottom has been set and oil prices will recover and so, will energy companies like KMI, OKE & others. Thanks as always for stopping by and commenting.

    • Hi DP,

      No doubt XOM is a rock amidst the wreckage of energy companies. I’m going to tamp down their purchases as I heavily invested over last several months, to average down their cost. No body saw the carnage coming in KMI. I almost hit the sell button on KMI for tax loss harvesting purpose but then changed the mind at last moment. The decision was very close and for now, I’m keeping KMI. Even after 75% cut, dividends will be decent 3.3%. Thanks for stopping by and commenting.

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