As with the month of March, I saved my monthly buy for the end of April. Of course, there's good reason for my infrequent buys as of late, as values and good yield are that much harder to come by. Don't get me wrong, it's a wonderful feeling seeing your portfolio value rise week after week, but as we all know, the consequence of this recent market "melt up" is fewer good buys with more expensive stocks and lower resulting yield. Not a good situation to be in if you are still accumulating assets to grow your passive income stream.
Of course, there are always some relative values and good yield that exist at any given time in addition to finding positions in your portfolio that enable you to average down in cost. This was the case with my recent buy along with a free trade that was expiring hence the lower total investment. With that being said:
I added to my IRA account 14.4816 shares at $34.53 for a total investment of $500.00 in HCP, Inc. (NYSE:HCP). With this recent purchase my IRA account holdings in HCP now totals 88.2943 shares for a total value of $3,022.31.
Sticking with my April Stock Considerations, I decided to average down on this health REIT as many industrial stocks such as Emerson Electric Co. (NYSE:EMR), Caterpillar Inc. (NYSE:CAT), Dover Corporation (NYSE:DOV) and even Archer Daniels Midland Company (NYSE:ADM) really rocketed higher in the last couple of months. My other long time favorite sector, the large Canadian banks, also followed suit as The Toronto-Dominion Bank (NYSE:TD), The Bank of Nova Scotia (NYSE:BNS) and my March purchase of Royal Bank of Canada (NYSE:RY) rebounded along with the price of oil. It will really be interesting to see if the "Sell in May and go away," adage will hold true in 2016. With our recent run up, I think some think it to be very possible in 2016.
What do you think about my recent stock purchase? Have you been putting on the brakes with your new purchases in recent days/weeks because of a "more expensive" market or are you remaining consistent with your buys making purchases at least once a month? Please let me know below.
Disclosure: Long EMR, ADM, DOV, CAT, TD, BNS, RY, HCP