We are in a new year 2017! Happy New Year!! It was a roller coaster 2016 as we expect from market. Many are expecting 2017 to be even more volatile due to multitude of factors ranging from likely implementation of new policies and geopolitical risks as usual. However, investors need to keep adding to their portfolio whenever capital becomes available, as its impossible to time the market.
I added positions in 3 existing companies in first week of January. I plan to keep adding these dividend growth stocks to grow my passive dividend income to a point where all my expenses are covered by passive income generated by them.
Below are the companies where I put my capital on towards my race for earning $3000 per month in 3000 days. Last month, I completed 600 days of my freedom race and it was nice to have crossed $1700 in passive income for the first time. Without further ado:
1) American Express Co. (AXP): 5 positions at $75.40 on 1/06
2) Crown Castle Intl. Corp. (CCI): 5 positions at $87.24 on 1/06
3) Nike Corp. (NKE): 5 positions at $52.25 on 1/04
Full Disclosure: Long on above mentioned stocks.