What Did You Buy Today?

[Otter]

(10-03-2019, 11:07 AM)fenders53 Wrote:

(10-03-2019, 10:40 AM)kblake Wrote:

(10-03-2019, 10:31 AM)fenders53 Wrote:

(10-02-2019, 12:59 PM)stockguru Wrote: Who would have thought the home builders would be reaching new highs today. This is a weird market lol

At least that should bold well for names like HD and LOW

Regarding MMM.  I could never time the market either I just go on instinct and way the company has continued to miss earnings not even participate in the last 3 years with the market. I have on watch list but for me I would only take a position if it goes much lower. Everyone has their own opinion. For me its about companies who are executing.

That isn't a bad strategy.  We like to bottom fish here, and it generally does turn around in the long-term if it's a Bluechip.  It takes time to turn the battleship around and it's easy to get in way too early.  IMO nothing wrong with nibbling MMM here.  The dollar cost averaging thing pays off when you are entering a troubled stock.  Some of your purchases will very likely be at or near the bottom.

Now with  Ameritrade, Schwab and Etrade free to trade you can buy stocks like MMM and others without costing fees. So adding 2, 5, 10 shares here and there just made life easier.  Dollar cost averaging just got that much more fun. So I added a small start position in MMM today. 10 shares. Will add more on further dips.

Added FDX as well

Imagine our joy when discount brokerage fees went online and the price dropped from $29.99 to about $15.  The only way for a DGI guy to get a start then was direct investment programs though the company.  Writing checks and licking postage stamps was attractive.  Your other choice was lose your first year or two of dividends to commissions.  I am going to do just what you suggest now that commissions are free.  A lot of folks thought MMM was cheap at $200.  Obviously it wasn't, and that happens more often than it doesn't.  This is a good opportunity.  We may have the chance to buy some shares at $120.  Who knows?

I turned DRIP off on my newly commission-free brokerage accounts this morning. Am going to treat it like my Robinhood account and manually allocate pooled dividends to whatever I think is the best value.