Recent Stock Purchase I – October 2016

I added positions in 3 existing companies in first week of October. 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 51days of my freedom race and it was nice to have crossed $1500 in passive income for the second time this year. Without further ado:

1) Bank of Nova-Scotia (BNS): 5 positions at $53.05 on 10/04
2) Flower Foods, Inc. (FLO): 10 positions at $15.03 on 10/04
3) Potash Corp. of Sask. (POT): 10 positions at $16.00 on 10/04

Due to addition of new companies over last several months, total number is 95 great companies in my portfolio.

Full Disclosure: Long on above mentioned stocks.

10 thoughts on “Recent Stock Purchase I – October 2016

    • Hi DD,

      Recently, big banks have been in news, big time and they are tanking as a result. However, I like BNS and TD as they have managed their affairs conservatively, big deal in this world gone mad. Thanks for stopping by and commenting.

    • Hi DM,

      I believe that with FLO and POT, we will be happy campers for a long time and will be ready to add more of these in future. Market is still pretty high and waiting for some pullback. Thanks for stopping by and commenting.

    • Hi Lanny,

      Absolutely, its a fair game to grind, hustle, purchase: rinse and repeat 🙂 If done slowly and steadily, it can bring tons of wealth over a period of time and that’s why we are in it. Thanks for stopping by as always and commenting.

    • Hi Alex,

      I use multiple brokers: Sharebuilder, Tradeking, MerrilLynch, IB and Scottrade, as I like to spread out the risk of brokerage firms and also, each have their unique pros & cons, too many to list here. Thanks for stopping by and commenting.

  1. I’m still a fan of the Canadian banks. I’d like to buy more but will wait for them to pull back as they are my largest ROTH holdings currently. TD, RY and of course BNS! Nice pick up! Keep going. I always comment that it’s nice to see new buys being made when a few of our fellow dividend bloggers are selling some or all of their portfolios.

    • Hi DH,

      Could not agree more on Canadian banks. All 3 of these banks are my favorites as well. The market looks toppy in recent times and I’ve to admit that it is scary outta there to be doing buying. However, as a long term investor, slow and steady is still a good approach where high prices and low prices will average out. Thanks for stopping by as always.

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