There are few more decently priced stocks these days. Since the last update, I initiated positions in CAH and HON. Also, I added more ABBV.
Passive income covers 24.2% of monthly expenses
Energy: 5% of total dividends: CVX, XOM
Materials: 8% of total dividends: DOW, AGU
Industrials: 17% of total dividends: GE, MMM, LMT, CMI, EMR, HON
Consumer Discretionary: 8% of total dividends: WMT, TGT
Consumer Staples: 18% of total dividends: MO, PG, PM, UL, DEO, GIS, ADM, FLO
Health Care: 10% of total dividends: JNJ, ABBV, CAH
Financials: 11% of total dividends: BNS, WFC, PRU, AFL, JPM
Info Tech: 4% of total dividends: IBM, AAPL
Telecom: 8% of total dividends: T, VZ
Utilities: 4% of total dividends: MSEX, ED
REIT: 8% of total dividends: OHI, O
Since the last update, I initiated a position in TD. Also, I added more to my positions in CAH and OHI. I am now a bit overweight in the financial/REIT area. I do want to pick up more Health Care and Utilities as they are starting to be better priced.
Passive income covers 24.8% of monthly expenses
Energy: 4% of total dividends: CVX, XOM
Materials: 7% of total dividends: DOW, AGU
Industrials: 15% of total dividends: GE, MMM, LMT, CMI, EMR, HON
Consumer Discretionary: 7% of total dividends: WMT, TGT
Consumer Staples: 16% of total dividends: MO, PG, PM, UL, DEO, GIS, ADM, FLO
Health Care: 13% of total dividends: JNJ, ABBV, CAH
Financials: 10% of total dividends: BNS, WFC, PRU, AFL, JPM, TD
Info Tech: 4% of total dividends: IBM, AAPL
Telecom: 7% of total dividends: T, VZ
Utilities: 4% of total dividends: MSEX, ED
REIT: 11% of total dividends: OHI, O
Since the last update, I have been mostly buying up Healthcare stocks: JNJ, ABBV and CAH. I also added to VZ and IBM. I was excited to cross the 25% of monthly expenses mark.
Passive income covers 25.3% of monthly expenses
Energy: 4% of total dividends: CVX, XOM
Materials: 7% of total dividends: DOW, AGU
Industrials: 15% of total dividends: GE, MMM, LMT, CMI, EMR, HON
Consumer Discretionary: 7% of total dividends: WMT, TGT
Consumer Staples: 15% of total dividends: MO, PG, PM, UL, DEO, GIS, ADM, FLO
Health Care: 14% of total dividends: JNJ, ABBV, CAH
Financials: 11% of total dividends: BNS, WFC, PRU, AFL, JPM, TD
Info Tech: 5% of total dividends: IBM, AAPL
Telecom: 9% of total dividends: T, VZ
Utilities: 4% of total dividends: MSEX, ED
REIT: 10% of total dividends: OHI, O
With such high prices across the board, the only stock addition I have done is adding more TGT. Additionally, I have picked up some in state municipal bonds for some tax free income and diversification.
Passive income covers 25.8% of monthly expenses
Energy: 4% of total income: CVX, XOM
Materials: 6% of total income: DOW, AGU
Industrials: 14% of total income: GE, MMM, LMT, CMI, EMR, HON
Consumer Discretionary: 8% of total income: WMT, TGT
Consumer Staples: 15% of total income: MO, PG, PM, UL, DEO, GIS, ADM, FLO
Health Care: 13% of total income: JNJ, ABBV, CAH
Financials: 11% of total income: BNS, WFC, PRU, AFL, JPM, TD
Info Tech: 5% of total income: IBM, AAPL
Telecom: 8% of total income: T, VZ
Utilities: 3% of total income: MSEX, ED
REIT: 10% of total income: OHI, O
Muni Bonds: 4% of total income
Posts: 23
Threads: 2
Joined: Sep 2016
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0
Great to see that expense coverage grow steadily! And with already over 25% it's probably just a matter of time before the dividends double and then double again on their own with those companies... 
I have been focusing on the Health Care sector as of late with additions to my ABBV and CAH positions along with a new position in CVS. Additionally, I have brought VZ up to a full position.
Passive income covers 26.2% of monthly expenses
Energy: 4% of total income: CVX, XOM
Materials: 6% of total income: DOW, AGU
Industrials: 13% of total income: GE, MMM, LMT, CMI, EMR, HON
Consumer Discretionary: 8% of total income: WMT, TGT
Consumer Staples: 14% of total income: MO, PG, PM, UL, DEO, GIS, ADM, FLO
Health Care: 15% of total income: JNJ, ABBV, CAH, CVS
Financials: 10% of total income: BNS, WFC, PRU, AFL, JPM, TD
Info Tech: 5% of total income: IBM, AAPL
Telecom: 10% of total income: T, VZ
Utilities: 3% of total income: MSEX, ED
REIT: 10% of total income: OHI, O
Muni Bonds: 3% of total income
I have been busy lately. I sold off a number of overvalued positions in preparation for buying a rental property. The only things I have added over the summer was a new position in SBSI and bring MO up to a full position. I will need to make future purchases in the sectors I am now underweight in.
Passive income covers 24.5% of monthly expenses
Energy: 4% of total income: XOM
Materials: 7% of total income: DWDP, AGU
Industrials: 0% of total income: None
Consumer Discretionary: 8% of total income: WMT, TGT
Consumer Staples: 14% of total income: MO, UL, DEO, GIS, ADM, FLO
Health Care: 19% of total income: JNJ, ABBV, CAH
Financials: 13% of total income: BNS, WFC, AFL, JPM, TD, SBSI
Info Tech: 5% of total income: IBM
Telecom: 12% of total income: T, VZ
Utilities: 2% of total income: ED
REIT: 10% of total income: OHI, O
Muni Bonds: 4% of total income
Posts: 2,411
Threads: 54
Joined: Jul 2013
Reputation:
34
Nice work Benjamen, 24.5% of expenses is some great progress!
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