First Stocks Buys in 2016:
I’ve finally added some new stocks! I’m very excited since its been over 6 months since my last buy! I started out this early afternoon and bought 4 shares of PepsiCo @ 103.3794.
The reason why I bought PepsiCo is due to the international exposure and the health brands. I just love what Pepsi manufactures. I see some of their brands every day and I know that they make great products. Products such as Quaker, 7Up, Mountain Dew, Brisk, Gatorade, Ruffles, Fritos, Lays, Cheetos, Lipton just to name a few.
After adding PepsiCo, I took a look at my portfolio and POT (Potash Corporation of Saskatchewan Inc.) caught my eye again. I decided to do some research on how Potash was doing and found articles about its revenues and their dividend cuts. This was old news because the article was written back earlier this January. I decided to sell the shares and instead bought Verizon (15 shares @ 51.162). I should have done this from the very beginning.
I know that Verizon is not considered a dividend aristocrat but it has been raising dividends for nearly a decade now. I believe that it will be one by the time I’m near retirement. Hopefully I will be able to add more stocks each month for the rest of the year. Please check back for more updates!
Well 2016 is here (well it’s been here for the past 2 months) and it looks like I have failed almost all of my goals. The only success that I’ve had was to get initially started in investing my dividends.
My first failure was to keep my expenses at $600 a month. There were some months that I did meet this goal and even got under budget but ultimately I had important things come up.
As for the second failure, which was directly related in result of the first failure, I could not invest $3000 more by the end of the year in 3 new stocks. Life changing expenses came up in my personal life and I even had to resort in selling my Silver ETFs (SIL). Sometimes life changing events that allows you to grow in your personal life are more important than money.
As for the final failure, I have been tentatively monitoring, updating my portfolio, and reinvesting my dividends but I’ve failed to update my blog once a month with new content. This blogging thing is a new experience for me but I hope to update my blog with new content as much as I can this year.
Now I have to write up new goals for myself to set for this year and even a simple thing such as this can be complicated. I should think very carefully of what goals I want to reach and make sure that it is realistic as well.