Recent Stock Purchase II – June 2016

I added one new company: Telus Corp (TU) and positions in 2 existing companies in third week of June. 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 390 days of my freedom race and it was nice to have crossed $1000 in passive income for the first time. Without further ado:

1) BCE, Inc (BCE): 5 positions at $45.50 on 6/14
2) Bank of Nova-Scotia (BNS): 10 positions at $50.00 on 6/15
3) Telus Corp. (TU): 10 positions at $31.33 on 6/14

Due to addition of new companies over last several weeks, total number went up to 93 wonderful companies in my portfolio. Following companies are in my watch-list over coming weeks and months: Modelez Intl., Inc. (MDLZ) and Pebblebrook Hotel Trust. (PEB).

Full Disclosure: Long on above mentioned stocks except MDLZ, PEB.

What do you think about these recent buys?

4 thoughts on “Recent Stock Purchase II – June 2016

  1. Nice buy!! 33% of the way towards your target R2R! Great job. Not only that, you did it by adding three solid companies to your portfolio. BOOM! Keep it up and keep on racing towards $3,000!

    Bert

    • Hi Bert,

      Thanks for the kind words. I was elated to achieve magic mark of $1K last month and getting to next challenge of $2K is more challenging. Thanks for stopping by as always.

  2. Your portfolio has really grown a lot in such a short amount of time. How many more companies do you think you’ll be adding? Nice to see you sticking with your BNS buys. I would like to add more to that name but it has already become quite large for me to buy at these levels. Thanks for sharing.

    • Hi DH,

      I’ve worked hard over a period of time and I’m seeing the results of that. I’m getting closer to the number of companies that I want to hold: about 100. My rule of thumb is that I would like to get 1 paycheck per day, meaning about 30 companies and multiply that with 3 (for one quarter), and that gives me a figure of 90. So, I’ll be comfortable within a range of 90-100, to give a margin of safety. Thanks for stopping by as always and commenting.

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