Hi CritMass -- I of course agree with all of DW's great advice. I especially agree that the answer to your specific question depends on diversification and valuation. If you think you'll want a lot more of a company than you already hold, and if that company is trading at a price that is attractive to you, then I would not let the desire to initiate a new position stop you from adding to a current position. I would put money into the companies that have the better combination of price and long-term safety / potential as a dividend growth stocks, regardless of whether I already held some.
Said differently, I would not let the desire to increase the number of stocks I hold induce me to put money into my second or third-best ideas. Unless you are already seriously overweight a name, put your money into the best prospects, whether or not you already own some.
Said differently, I would not let the desire to increase the number of stocks I hold induce me to put money into my second or third-best ideas. Unless you are already seriously overweight a name, put your money into the best prospects, whether or not you already own some.