Recent Stock Purchase II - April 2022

Apr. 28, 2022 6:50 AM ETSBUX, VZ9 Comments
Divhut profile picture
Divhut
3.15K Followers

Summary

  • I have added to my account 4.1115 for a total investment of $200.00 in Verizon Communications Inc.
  • I have added to my account 2.6646 shares for a total investment of $200.00 in Starbucks Corporation.
  • Unless the market takes another major dip down I think I’m done dollar-cost averaging for the month.

Flying shopping cart with shopping bags on a pink background

Andrii Sedykh/iStock via Getty Images

It has been a very, very long time since I made two separate tranches of buys in a single month but sometimes the market has a flash sale, and adding more shares is just too tempting to pass up. Again, in the short term, everyone is simply making a guess as to where the market is going. It is literally impossible to predict day-to-day events but when having a longer-term horizon your chances of "knowing" the future becomes a little clearer and you realize that buying and selling at the bottoms and tops is simply impossible to capture. Of course, this is why we dollar cost average into our positions buying up shares of quality companies that are beaten down and taking advantage of higher yields at the same time. With that being said:

I have added to my account 2.6646 shares for a total investment of $200.00 in Starbucks Corporation (SBUX). 2022 has not been kind to this high flyer as of late and picking up some shares at current levels looks good to me.

I have added to my account 4.1115 for a total investment of $200.00 in Verizon Communications Inc. (VZ).

As you can see, these two recent buys mimic my earlier buys for April. In total, $800 of fresh capital has been put to work this month. Unless the market takes another major dip down I think I'm done dollar-cost averaging for the month. With May around the corner, I will, again, create a stock new considerations list. There's no shortage of names I'd like to buy looking forward. On my radar: MMM, LEG, SBUX, VZ, and others. What do you think about my recent stock buys? Did you take advantage of the recent market dip and add more stock? Please let me know below.

Disclosure: Long SBUX, VZ

Original Post

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Divhut profile picture
3.15K Followers
I’m an early 40′s Internet entrepreneur that launched several dot coms with varying success in each. At the very least my living has been made online for the past 18 years and at the most I had a fun time in each venture.I began seriously investing for dividend income around 2007 when my business at the time was literally falling off a cliff, as most of the world was starting too as well, when my need for another income stream became more apparent. I have always known the benefits of dividends from my very first stock purchase back in 1988 but wasn't yet sold on the concept of tying up my money indefinitely purely for a dividend income stream. It was around that time that I learned about Dividend Aristocrats and Dividend Champions when it all just made sense. I could literally see the effects of compounding dividends from these select companies and thought a nice diversified portfolio could provide me with a decent to excellent income stream decades down the road.

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