I initiated positions in 2 new companies: Cummins Inc (CMI), and CenterPoint Energy, Inc. (CNP) in third week of March. 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 the passive income generated by them. I also initiated a position in an ETF: S&P Metals and Mining (XME) as I do not own much of commodity or resources stocks and want to have some exposure to this beaten down sector.
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 300 days of my freedom race and it was nice to have crossed $600 in passive income as well for the first time. Without further ado:
1) Cummins Inc, (CMI): 5 positions at $106.25 on 3/14
2) CenterPoint Energy, Inc. (CNP): 25 positions at $20.77 on 3/15
3) S&P Metals and Mining (XME): 50 positions at $21.33 on 3/18
JAB holding completed the acquisition of Keurig Green Mountain Inc. (GMCR) in Mar and as a result I got paid at $91.00/share while my cost/share was close to $45.00; a nice capital appreciation, though, hate to let it go away, as I wanted to have some caffeine in my portfolio 🙂 Due to addition of new companies over last several weeks and a reduction in one company, total number was 77 wonderful companies/etfs in my portfolio. I think that 75-90 companies is a good number to ultimately shoot for, what do you think?
Full Disclosure: Long on above mentioned stocks.
Thanks for reading.
Like these buys or thinking to add them?