Recent Stock Purchase I – September 2016

I added positions in 3 existing companies in first week of September. 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 480 days of my freedom race and it was nice to have crossed $1500 in passive income for the first time this year. Without further ado:

1) Main Street Capital (MAIN): 10 positions at $34.38 on 9/01
2) Potash Corp. of Saskat. (POT): 10 positions at $17.96 on 9/01
3) Vector Group Ltd. (VGR): 10 positions at $22.38 on 9/02

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

Full Disclosure: Long on above mentioned stocks.

6 thoughts on “Recent Stock Purchase I – September 2016

  1. 95 different streams of income that is awesome. I own main and its first payout for me will be this month.
    I hope to continue adding but also add and bring the ones I have up so that compounding takes hold

    • Hi Doug,

      Congrats on getting first payment on main. Definitely, BDCs and reits along with rest, have become expensive recently, so, I’m only gingerly pulling triggers. Good luck on your journey, adding consistently is the name of the game. Thanks for stopping by and commenting.

  2. As I always say, the race continues. Your buys are probably the most aggressive I have seen among our fellow DGI bloggers. It’s awesome that you continue to buy so fervently even as the market is at all time highs. Thanks for sharing and inspiring.

    • Hi DH,

      Thanks for the compliments. To be honest, I’m finding very hard to find good buys and frankly scared to buy. However, problem is that no one knows where is the bottom and high: best course is to consistently add positions at a slow pace to reach goals, and prices should average out in long term. I enjoy reading your buys as well and thanks for stopping by as always.

  3. I agree with DH, your just keep pushing even with high priced sticks. I like the MAIN buy. POT is in the middle of merger talks, I think it’s an interesting play as well. I’m not buying much right now, selling options instead. I hope to be buying more next month. Thanks for the update.

    • Hi IH,

      You are right on target, market has indeed being setting newer highs in recent times. Friday was a carnage and my portfolio was down by several percentage points. Material sector has been in a funk since last several years and so far, it has not shown much life: POT and FCX are plays on that. Congrats on your options income over there, you are killing it. I’ll like to do some options in future. Thanks for stopping by and commenting.

Leave a Reply

Your email address will not be published. Required fields are marked *