01-07-2014, 12:33 PM
I'm not finding much I'm interested in that's undervalued. Fairly valued -- yes -- but the damn recency bias is making be a little more patient. I have some dry powder I'd like to put to work (about 4% of the portfolio) and my wife's cash account balance is getting close to the point where I need to invest some of it. I have no problem being fully invested and, to my surprise, I don't really care if we have a correction. I'm just waiting for the stock price to drop into the top end of my value criteria. Here's what I'm watching/waiting for:
Already own but need to add
KO < $39
KRFT < $52.50
TU < US$30
DE < $82 (a long reach here)
NU < $40
UL < $38
O < $37
New positions interested in at least a partial
JNJ < $87
PG < $76
TJX < $50 (this is probably a bear market goal)
AMGN < $100
These aren't hard numbers, when they get close, I'll quickly review the latest news and earnings reports and then put a limit order in. I believe some will reach my price just with the normal bouncing around of prices. All I have to do is wait.
Already own but need to add
KO < $39
KRFT < $52.50
TU < US$30
DE < $82 (a long reach here)
NU < $40
UL < $38
O < $37
New positions interested in at least a partial
JNJ < $87
PG < $76
TJX < $50 (this is probably a bear market goal)
AMGN < $100
These aren't hard numbers, when they get close, I'll quickly review the latest news and earnings reports and then put a limit order in. I believe some will reach my price just with the normal bouncing around of prices. All I have to do is wait.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan