January has been a busy month for the Integrator $50k fund. I’ve made 6 new purchases this month.
The purchases for January 2013 have been:
- QSII – 400 units @ $17.45
- CME – 140 units @ $54.00
- NVS – 100 units @ $64
- BP – 150 units @ 43.45
- WU – 500 units @14.05
- MCD – 60 units @ 94.20
I have substantially completed most of the purchase activity that I had targeted for the year. I have some capital in reserve to make additional investments should there be opportunities that emerge during the course of the year that are either stock specific or should a general market pullback occur.
Wow, that is a heck of a lot of fresh capital to add in one month! I look forward to seeing you hit that 50k goal.
Thanks AAI. That was essentially my full 2012 dividend allocation reinvested for 2013. I don’t anticipate much new fresh investment for the year unless there is a major correction or some stock specific event that looks like it may be an opportunity.
Nice purchases! Sadly, I had to exit out of BP and MCD this month, as I needed extra funds for a new rental property downpayment.
Do you generally like to purchase all your stocks for a given year in one go? That is a lot of capital to invest at once…
Best wishes in reaching the $50k/year target. If I was at $25k/year, I’d already consider myself early FI
Cheers!
Thanks for stopping by FI Fighter! I typically don’t invest so much capital upfront all at once. There were a few things driving this for me this year:
1) I have a positive outlook on the market for 2013. I expect it to rise by 10%. Many of my purchases were made in the first week of 2013, before the large rise we have seen in the markets
2) I picked up a number of stocks that I felt were particularly undervalued at the time (like WU, CME, QSII) that I had a more bullish outlook for, so was happy to get these in addition.
3) I had some dividend income carried over from 2012 that I was able to put to market straight away. This plus an aggressive schedule for dividend income in 5 years means that I want to deploy available funds sooner rather than later.
I don’t expect to make many fresh additions to the portfolio for the rest of the year unless there are material corrections in the market or individual stocks on my watchlist.
Integrator
Thanks for sharing your purchases with us, I’m enjoying following along in your quest for $50k in dividends. I
I’ve owned BP for some time now, I originally got in in 2007 and added more in the weeks/months after the oil spill. They’ve had a rough go of it since then, but that dividend is more than enough to keep me satisfied while they get back on track.
Thanks for swinging by First Million!
I’m very attracted to BP for the yield. It has a modest payout ratio, and i expect it should be able to grow the dividend at a reasonable rate for the medium term. In my view, I think its a real value play at these prices. I expect a rerating of the stock higher in the coming years.