Recent Stock Purchase III – January 2016

I added positions in 4 existing companies in third week of January. I plan to keep accumulating these dividend growth stocks to grow my passive dividend income to a point where all my expenses are covered by the 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 240 days of my freedom race and it was great to have crossed $400 in passive income again in Dec, will be interesting to see when $500 barrier is breached 🙂 Without further ado:

1) Main Street Capital (MAIN): 10 positions at $25.00 on 1/19
2) Potash Corp. of Saskatchewan (POT): 20 positions at $16.35 on 1/19
3) AT&T Inc. (T): 10 positions at $34.21 on 1/19
4) Verizon Comm. (VZ): 10 positions at $44.80 on 1/19

Last year, I trimmed positions in Kinder Morgan, Inc. (KMI) and ONEOK, Inc. (OKE) for tax-harvesting purpose, however, I may add few of them this year. I sold out few shares that I received in spinoffs: The RMR Group, Inc. (RMR) and Care Capital Properties Inc. (CCP). As a result of these sales, total number went down to 64 wonderful companies in my portfolio.

Full Disclosure: Long on above mentioned stocks.

Thanks for reading.

Like my buys?

4 thoughts on “Recent Stock Purchase III – January 2016

  1. Wow. I can hardly keep up with all the buys you are making. Kudos for going after the dream but be careful not to gorge too much on high current yield. It’s nice to watch that passive income grow quickly but sometimes safety from lower yielders might be just as beneficial in the long run. I don’t hold any of those names you mention but would potentially risk some POT dollars though that payout ratio seems a bit high. Keep on racing!!!

    • Hi DH,

      Yeah! Jan was crazy with market swoon and provided lot of buying offers that I could hardly resist 🙂 Some great companies have good yield, so be it. Its passive income that we are after after all. Sure, we could all risk some POT dollars, like that quote much! You have a nice list of buys outta there. Thanks for stopping by and commenting.

    • Hi IH,

      Glad to hear that you like my buys. I was also waiting for T and VZ to come down, but, it did not happen and therefore, pulled the trigger to dollar cost average it, rather than keep waiting for lower prices. O and MAIN are going to be core holdings due to their monthly charm 🙂 POT is more of a play on resources, while waiting for their prices to recover over long term. Thanks for stopping by and commenting.

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