Market volatility has become a new game in the town, providing some great buying opportunities to a patient investor. I invested in 2 companies: Altria Group, Inc. (MO) and Ventas Inc. (VTR) last week. I plan to use these dividend growth stocks to fuel my passive dividend income in the coming weeks and months. Portfolio shows the latest positions as of Nov 1st.
Below are the companies that I put my capital on towards my race for earning $3000 per month in 3000 days. Last month, I completed 180 days of my race. It has been an incredible race so far. Without further ado:
1) Altria Group, Inc. (MO): 25 positions at $57.09 on 11/20
2) Ventas Inc. (VTR): 10 positions at $52.72 on 11/20
Above investments will help in achieving my goal of adding $1 per day so that after 3000 days, I reach $3000 per month. I’ve 53 wonderful companies in my portfolio, achieving my initial goal to own 50 companies. I’m fairly diversified across various sectors and not putting all eggs in one basket, however, I plan to add few more quality companies.
The beauty of growing dividends is that they will be working for me to earn more dividends, setting off a compounding engine and snowball. That will propel me towards the cherished goal of financial independence.
Full Disclosure: Long on above mentioned stocks.
Thanks for reading.
Are you considering to buy any of these companies or companies in same sector.