Recent Stock Purchase IV – September 2016

I added positions in 3 existing companies in final 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) Realty Income, Corp. (O): 5 positions at $67.42 on 9/30
2) Wells Fargo & Co. (WFC): 5 positions at $44.56 on 9/30
3) W.P. Carey, Inc. (WPC): 5 positions at $65.00 on 9/30

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.

4 thoughts on “Recent Stock Purchase IV – September 2016

    • Hi Lanny,

      WFC is now in valued territory and good time to be adding it. Can’t go wrong in the company of Warren 🙂 Thanks for stopping by and commenting.

  1. Still keeping busy with those buys. Nice to see you picking up some discounted WFC too. I think many feel that in time WFC will be back and as long as it’s in the headlines the price will remain under pressure. Why not take advantage of better prices, value and yield? Thanks for sharing.

    • Hi DivHut,

      Yeah, I’m trying to nibble a little here, though, market metrics is getting into bubble sphere. As trees do not grow to sky, at some point, I’m expecting a pullback, correction and bear market. Banks are generally under pressure due to low profit margins as rate differentials are low, however, with chances of fed raising interest rate going up in Dec, it will help banks to grow their margins. Yes, in the meantime, investors can definitely take advantage for their future shelf 🙂 Thanks for stopping by and commenting.

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