I'm Buying 3 Of These 5 Amazing Dividend Stocks For My Retirement Portfolio

Summary

• The market is back to record highs and 16% to 21% overvalued. I don't care because something great is always on sale.
• Each week I invest $500 into two or three companies that I screen for off the Master List.
• This week I'll be potentially buying: VIAC, AVGO, BMY, FL or PII.
• Their average PE is 10.1, PEG is 1.0, and they yield 3.2%, with return on capital that puts them in the top 12% of their respective industries.
• 10.1% CAGR average growth rates and 32% undervaluation means these companies can realistically deliver about 22% CAGR total returns over the next five years.
• This idea was discussed in more depth with members of my private investing community, The Dividend Kings. Get started today »

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I'm breaking out the intro for the weekly series into a revised introduction and reference article on the 3 rules for using margin safely and profitably (which will no longer be included in those future articles).

To minimize reader confusion, I will be providing portfolio updates on a rotating tri-weekly schedule. This means an update every three weeks on:

• 13 Great Buys I Just Made For My Retirement Portfolio
• The best dividend Kings and Aristocrats to buy for the next decade
• My "What I'm Buying Next" series (this article) where I walk you through my methodical screening process for finding the best quality dividend stocks to buy in any given week

I've also broken out the "Why Valuation ALWAYS Matters" intro to this series.

The "best dividend aristocrats to buy now" series will return next week, after I've completed updating all 57 companies with my new watchlist features.

Market Is At Record Highs Yet Again... I Don't Care Because Something Great Is Always On Sale

I'm often asked, "with the market at record highs and overvalued, why not wait for a pullback/correction to buy stocks?"

Here's certified financial planner Ashby Daniels with a great answer to that question.

"If the market is near a peak, the fear is that the market is going to fall as soon as the money is invested. If the market is down, the fear is that the market is going to keep going down. The prevailing theme at any point is that the market is destined to go down. As a result, “Let’s wait and see what happens” is a common refrain as if the future market performance would offer any indication of the wisdom of the decision.

We can play the what-if game until we are blue in the face, but no

Analyst’s Disclosure:I am/we are long BMY, VIAC, PII, AVGO. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Dividend Kings owns BMY, VIAC, PII, AVGO, and FL in our portfolios.