Recent Purchases – End of November 2015
While I don’t talk about sales of stock that often, I recently discussed a number of sales for tax purposes. I had sold the majority of my positions in BP, CAT, and IBM at the end of October.
At the end of November, I re-purchased these three companies. My hope was that I could buy the companies back at less than I sold them for or at nearly the same price.
I was able to buy back 100 shares of BP at $1.074 less than I sold it. I re-purchased 50 shares of CAT at $0.75 more than I sold it for. And, I re-purchased 20 shares IBM at $1.89 less than I sold it for. In these cases, I feel confident saying that the sales for tax-loss harvesting purposes was a success. I also increased my holdings in IBM by 9 shares.
These purchases of BP, CAT, and IBM increased my annual dividends by $240, $154, and $104, respectively.
BBL has also continued to drop in price so I purchased 85 additional shares, lowering my cost basis and adding $210.80 in annual dividends.
I also added a new position in Hersey Company by buying 30 shares, adding $69.60 in annual dividends.
Finally, I had some extra cash so bought 15 shares of PGX, adding $12.60 in dividends.
Altogether, these re-purchases and new purchases add $791.30 in annual dividends. My forward 12-month dividends is now officially over $5000/year, at $5414.05.
|Company||Symbol||Shares||Yield||Expected Annual Dividend|
|International Business Machines||IBM||20||3.7%||$104|
|Powershares Preferred ETF||PGX||15||5.65%||$12.60|
Full disclosure: Long all the above stocks.
Congratulations on hitting the $5,000 mark! That’s great going and quite an impressive growth to your portfolio. Keep up the good work!
FerdiS recently posted…Recent Transfer: W.P. Carey, Inc.
Thanks, FerdiS! The really cool part will come when my Roth generates more than the $5,500 in additional capital I’m allowed to add. That won’t be for quite awhile in the future since I’m only at $1586 now!
Congrats at 5000 a year! Thats still a pipeline dream for me
Keep investing and you’ll get there soon enough. You’re definitely on the right track. Love the name of your blog too!
Seems a little risky to have most of your eggs into one Apple 🙂 But many analysts think it is currently worth over $200 and a good buy and hold over the long term. Over 300% increase over time so who am I to question anyway? hold hold hold Thanks for the update.
Hey Dave D,
It is a little risky, but Apple is a good stock, I think, for the long run. I have been selling some covered calls on Apple to diversify into other stocks. I might do that again in 2016 (for tax purposes) in order to move some of that money into other stocks. But, I wouldn’t mind keeping Apple as it is and bringing my other stocks up to that level. Thanks for the comment!