Welcome to February! Please keep your feet on the floor and hands inside the cart at all times. Hold on tight!! These market moves are going crazy!!
The stock market has at times been described as a roller coaster. I have seen ups and I have seen downs, but never have I seen such big swings multiple times in the same day!
I have to keep reminding myself I’m on this ride for the next 30 years.
So as Aaron Rodgers would say, “R-E-L-A-X, we’re gonna be okay”
This month I have made two stock purchases.
12 shares of Dominion Energy (D) @ $73.86
Dominion Energy was on my January Watchlist
I’m very happy to say I have finally added a Utility to my portfolio and am making progress towards diversifying As part of my 2018 goals
Dominion Energy is one of the nations largest power and energy companies. Dominion recently announced it was purchasing the struggling Scana Corporation (SCG) which caused the stock price to drop by about $4. Since then all Utilities have continued to struggle. I was looking at the stock at $77 and now the same company was trading below $74. I decided it was finally time to make a move.
This buy will add roughly $40.08 annual dividend income.
13 shares of Exxon Mobil (XOM) @ $77.00
The oil/gas community hit a bit wall back in 2015 and has been struggling to get back to higher levels. Exxon is one of the bigger oil/gas companies in the game. Exxon has also raised it’s dividend for 35 consecutive years. I feel some investors have fallen out of love with this oil/gas giant, I feel pretty confident investing in a company with a good track record and now yielding 4%.
This buy will add roughly $40.04 annual dividend income.
I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy. –Warren Buffett
How do you feel about these purchases? Do you own any of these companies? Please comment below.