New month, new buys. Can you believe the calendar is already showing June? It literally seems just like yesterday when we were all writing our 2015 goals and looking forward to the new year, and now almost half of it is gone. I guess this is a lesson that demonstrates how fleeting time is, and whether you are employed, self-employed, retired or somewhere along the spectrum in between these states, always make the most of your time... The one commodity that we freely squander.
Back to the point of this post. As I recently wrote in my June stock considerations, I had mentioned that, surprise, surprise, the Canadian bank stocks were at the top of my June buy list. I had essentially narrowed those buys between The Bank of Nova Scotia (NYSE:BNS) and Toronto-Dominion Bank (NYSE:TD). As many of you already know, I still favor the Canadian banks a lot for several reasons, not least of which is a very robust and long dividend history. Of course, with the market at all-time highs and many consumer staples trading at sky-high valuations, we often are left with few choices in terms of fresh capital deployment. Where does that leave most investors... typically in the energy and financial sectors. I know I am speaking in generalizations, as a handful of consumer, industrial and other sectors offer a few hidden gems, but overall, I see the most value in energy and financial names, which includes banks, insurance, REITs and asset managers. With that being said, let's review my recent buy.
I have added to my ROTH account 18.2026 shares at $43.84 for a total investment of $798.00 in Toronto-Dominion Bank. With this recent purchase, my ROTH account holdings in TD now total 104.9213 shares for a value of $4,584.01.
Baby DivHut Portfolio Update
On a side note, I officially made by first buys for baby DivHut's long-term dividend growth portfolio, too. Born in March, a custodial account opened in May, and his first buys come in June. I realize that the markets are at all-time highs and that reasonably priced stocks are hard to come by, but I do believe that "time in the market is better than timing the market," and while it may still be a long way down the proverbial road, a downturn will occur one day. After all, baby DivHut isn't getting any younger.
With that being said, I have added to baby DivHut's custodial account account 8.0116 shares at $99.61 for a total investment of $798.00 in Johnson & Johnson (NYSE:JNJ). This is a new purchase.
I also have added to baby DivHut's custodial account account 13.1629 shares at $60.63 for a total investment of $798.00 in Emerson Electric Co. (NYSE:EMR). This is a new purchase.
Disclosure: Long TD, BNS, JNJ, EMR.