"Hey John. It's only July 17th. What are you doing?!?"
Yeah, I know. July is not over. We're barely half way through the month. What am I doing?
Well, I'm done making my purchases for the month, and I'm eager to talk about it.
I wanted to take a bit of profits and buy some shares. I think I had this look on my face....
I wanted to balance out my portfolio a bit more and took profits on some that were a bit more of a position than I prefer. I stick to around a $4,000 position per company. Apple (AAPL) was at over $9K cost basis. The Southern Company (SO) was also well over the $4K threshold. Both were well in the positive, so it was a good opportunity to take some profits and buy even more shares. And my purchases all have a higher dividend rate than AAPL. Win win.
I sold 27 shares of AAPL for $5,526.65 and 22 shares of SO for $1230.54. SO is now at a $4,000 cost basis. AAPL is at a $6,700 cost basis (and will not sell any more..). I sacrificed $83.16 of annual dividend with AAPL and $54.56 with SO. I need to make up the $137.72 in dividends, and them some.
Time to go shopping!
I first bought 37 shares of CVS for $2079.73 today after getting 3 shares 5 days ago I owned some in the past, but always wanted to get to my full position.
Then I got 7 shares for Cracker Barrel for $1256.16 to get to just about a full position. Strong company that, like CAT, I held for a long time and wanted to get more. Another one I skipped for too long.
This added $36.40 of annual dividends.
Finally, I spent the rest of my available funds to get 43 shares of Bank Of America for $1270.48. I got this one up to $3,500 of my $4K goal. As I had written in an earlier post (Recent buy - BAC), BAC will soon announce a large dividend increase, and I wanted to get in on it.
This added $25.80 to my annual dividends.
So with my stock switcheroo, I added $86.52 to my annual dividends and $2643.29 of profits to my total cost basis.
Ahhhh.
Any thoughts?
- John
Yeah, I know. July is not over. We're barely half way through the month. What am I doing?
Well, I'm done making my purchases for the month, and I'm eager to talk about it.
I wanted to take a bit of profits and buy some shares. I think I had this look on my face....
I wanted to balance out my portfolio a bit more and took profits on some that were a bit more of a position than I prefer. I stick to around a $4,000 position per company. Apple (AAPL) was at over $9K cost basis. The Southern Company (SO) was also well over the $4K threshold. Both were well in the positive, so it was a good opportunity to take some profits and buy even more shares. And my purchases all have a higher dividend rate than AAPL. Win win.
I sold 27 shares of AAPL for $5,526.65 and 22 shares of SO for $1230.54. SO is now at a $4,000 cost basis. AAPL is at a $6,700 cost basis (and will not sell any more..). I sacrificed $83.16 of annual dividend with AAPL and $54.56 with SO. I need to make up the $137.72 in dividends, and them some.
Time to go shopping!
I first bought 37 shares of CVS for $2079.73 today after getting 3 shares 5 days ago I owned some in the past, but always wanted to get to my full position.
These purchases added $80 to my annual dividends. Booo-ya.
Next, I decided to get Caterpillar (CAT) up to my $4K position. I bought 17 shares for $2321.36. Another one I had my eye on, but hesitated to buy just because they were always choice number 2 or 3 on a particular day.
This added $70.04 to my annual dividends. Already passed up the $137.72 loss!!!!
Then I got 7 shares for Cracker Barrel for $1256.16 to get to just about a full position. Strong company that, like CAT, I held for a long time and wanted to get more. Another one I skipped for too long.
Finally, I spent the rest of my available funds to get 43 shares of Bank Of America for $1270.48. I got this one up to $3,500 of my $4K goal. As I had written in an earlier post (Recent buy - BAC), BAC will soon announce a large dividend increase, and I wanted to get in on it.
This added $25.80 to my annual dividends.
So with my stock switcheroo, I added $86.52 to my annual dividends and $2643.29 of profits to my total cost basis.
Ahhhh.
Any thoughts?
- John
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