Buying a Few Stocks
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I have placed a couple of orders to purchase some stocks for my investment account. I realize that I still need to post my methodology in the next installment of “The Guide to Building a Dividend Portfolio”, but I wanted to let everyone know what I was doing. Time is thin right now….
I have placed an order for the following stocks in my CSA account:
- Pfizer
- Citigroup Inc.
- General Electric
- EPCOR Power
- Procter & Gamble
The Pfizer purchase was completed yesterday – I decided to buy this a week or so before the company announced the huge dividend increase. The Citigroup purchase is in addition to my current position in this company. I still like the prospects for the company and the nice yield. GE and Procter & Gamble provide good diversification and EPCOR Power is doing good things and provides me with more exposure to the Income Trust market.
Once these purchases all go through in my account, I will update the My Portfolio section with my current holdings. These, as well as my company pension plan and company savings plan has provided me with good things for my investments.
4 Comments on this post
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Michael Patzer said:
Good pick on P&G, I own about 14 shares. They have a Dividend Reinvestment Plan if you want to take advantage of compounding in the short-term, for a higher dividend income in the long-term. They’re also an S&P 500 Dividend Aristocrat (Pfizer and GE are too although I’m sure you knew all 3) so they’ve increased they’re dividend every year consecutively for the past 25 years.
December 22nd, 2005 at 11:15 am -
Rebound Trading Systems said:
You might want to take a look at the Alpine Dynamic Dividend Fund (ADVDX). This no load mutual fund pays a dividend significantly greater than most stocks and gives you the added benefit of diversification.
December 26th, 2005 at 10:37 pm -
Gualberto Diaz said:
Just checked out your portfolio. How often do you re-balance your portfolio? Monthly, quarterly, annually? And why do you choose whichever time frame that you do?
One stock you may want to look into is AMPH. Nice dividend yield.
December 30th, 2005 at 9:13 am -
Dave Frank said:
Great site of information. I am looking to start a DRIP portfolio. My knowledge in this area is very limited
I own only mutual funds (rrsp). Can I move these funds into a drip plan or put new money into an rrsp drip?
Regards
DaveDecember 30th, 2005 at 10:06 am
