Friday, October 3, 2014

Weekly Activity - Dividend Investments and TSP


Hi fellow dividend gamers,

Whew this week flew by… I can’t believe it’s Friday evening already.  I had some investment activity this week, as I made two buys and received one “small” dividend from KO.  In addition, I contributed to my Thrift Savings Plan ( TSP ), which is my retirement investment account.   In total, I invested approximately $1217.00 in fresh capital, as I’m putting it to work in my dividend growth and retirement accounts. 

Dividend Growth Investing:
  
I had one automatic investment completed during the week.  The following trade was completed:

Exxon Mobil Corp. ( XOM ):  I invested $65.00 at a purchase price of $92.85 for 0.700017 shares.  

I plan on continuing investing in XOM on a small basis and reinvesting my dividends until I obtain a nice size position. 

Yesterday, I bought Ford Motor Company ( F ) as detailed in the prior post.  F has had a significant downturn in the past week and I thought it presented a good opportunity to add a position.  While it may not be a traditional DGI stock, I feel F has room to grow its dividend and create some capital gains.  I bought 51 shares of Ford at a share price of $14.50, for a total of just under $740.  The Yield on Cost (YOC) was about 3.45%, so not bad at all.  If it keeps going down, I may add another 49 shares to round my lot to 100. 

Thrift Savings Plan ( TSP )

This week I again contributed to the Thrift Savings Plan ( TSP ), as I made a pre-tax contribution of approximately $412.00 to purchase shares of the C Fund, S Fund, and the I Fund.  I should have changed my allocations a bit and tweaked my holdings, but I stayed with the 60/20/20 split.  The I Fund was hit very hard during the month of September, so my overall balance has dropped even after making three contributions during the month.  The balance is now just north of $47,000. 

DIVIDENDS

I had one dividend deposited for the week, as The Coca-Cola Company ( KO ) rewarded my small position with a payment of $1.31.  This was deposited into my Loyal3 account, and I plan on using it with some fresh capital to make a purchase this coming week.

Summary:

A decent week, as I continue to put my money to work with investments.  I invested $1217.00 during the week, which was spread out between my retirement account and my dividend growth portfolio.  It was nice to see another dividend rolling in; it’s addictive really.  Even with the small amount, it just makes me want to invest more and more to grow my account quickly.  On another good note, my dividend growth portfolio crossed over the $5000 amount this week and my estimated annual dividend now sits at $133!  I'm happy about that, as my investments continue to grow week by week.  Thanks for checking out my weekly purchases! 

10 comments:

  1. SAD,

    Congrats on crossing over $5k and increasing your dividend income to $533. Every little step counts, my friend. It adds up quicker than you might think! :)

    XOM seems pretty solid here. It, like the other supermajors, has been weak lately due to falling oil prices. Just gotta average in.

    Keep up the great work!

    Best regards.

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    1. Thanks Dividend Mantra! I plan on making XOM one of my major companies in my portfolio. Although I will have a few more energy plays, XOM will be my major holding among the energy sector. Thanks so much for stopping by!

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  2. SAD,

    Good moves with Ford and Exxon. I have been buying Exxon as well, along with GM. I view GM and Ford the same. Both are solid players with great yields. Keep feeding the beast!

    MDP

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    Replies
    1. Thanks MDP! I have to say I'm partial to Ford, only because I've always owned Fords and made some decent money off it from a previous holding. GM is probably the better bet at the moment, but I love this recent dip in Ford and jumped on it. I think it could go down some more this month and will probably double up on it if it does. Thanks for commenting!!

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  3. Agent Dividend,

    I second that purchase into XOM. With the dip in oil right now I think this is a buying opportunity. Who knows how long it will last but XOM will continue writing checks for a long time.

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    1. XOM is at a great price now, but I believe it will keep failing for a bit yet. The oil dip is making XOM and other energy plays a good buy now. I'll keep adding to XOM monthly for the time being to DCA and build a solid number of shares. Thank you for stopping by and taking the time to comment!

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  4. XOM is starting to look interesting as is CVX and TOT too. All the energy along with pretty much every commodity related stock has dropped tremendously the last week. Some calls are for oil to reach the low $80s a barrel. We'll see what that does to many of the oil majors along with a strong dollar. Good pick up nonetheless. Thanks for sharing.

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  5. Thanks for taking the time to comment DivHut! I agree; the energy stocks have taken a hit lately and that means buying opportunities. I've been slowly buying into XOM, and plan on continuing with small investments and a DRIP. If it keeps falling, I may have to go ahead and initiate a larger position sooner. With these high prices, until currently, I thought it was best to slowly invest small amounts to dollar cost average my position.

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  6. XOM sure is looking very interesting at this time. If oil price continues to drop, it makes good entry to add to these big name oil companies.

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    1. I'm really liking XOM lately and may bump up my monthly contribution this month to buy a decent lot of shares. I'm hoping it will stay down through this month at least, while I'm saving some capital to put to work.

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