What Did You Buy Today?

[fenders53]

(05-11-2021, 09:12 AM)divmenow Wrote:

(05-11-2021, 09:08 AM)fenders53 Wrote:

(05-11-2021, 09:06 AM)divmenow Wrote:

(05-11-2021, 09:00 AM)fenders53 Wrote:

(05-11-2021, 08:47 AM)divmenow Wrote: Way to go...  . Join the ENPH club lol

I also took a new position in PXD thanks to the secondary at $153

I needed to add another name in the sector to go along with CVX and EOG

now the only other sector I'm underweight in is leisure 

Dude I am a charter member of ENPH.  I made a few hundred a month the past year selling short puts while it ran.  I have a few short puts that are WAY in the money after this bloodbath.  I can only roll forward so much before I own $140 shares.     I said here many times I was good with adding a real position starting at $125.  If I am honest I need ENPH to head back to $120ish to be back to even.  I wasn;t aggressive enough when it was truly cheap.  I'll add shares to my growthy port in the meantime.

Yeah yeah. What ever floats your boat   lol

I am very good with owning ENPH long-term.  How happy I am in the end very much depends on the entry.  We'll see where the bottom is soon enough.

Well me too. Got in at $108.90 

This will be a big winner for years to come.  You have to add at some point, so why not today. I don't worry about making a few $ here and there  . I'm in to win it lol 

Are we having fun today 

(06-02-2021, 03:18 PM)divmenow Wrote: Added 800 shares of ABBV. It’s now my top dividend stock earning $6240 a year in dividends.

I sold some ETFS, high flyers  and trimmed a few other non dividend holdings. My goal is to get to 20k-25k a year in dividend stocks.

I have about 8 years or so before retirement so want that extra income going forward. I learned don’t get greedy and think things will just keep going up. I’m fine with holding mostly low beta stocks for now and the future unless tech gets creamed again lol

My top 10 now are ABBV, LMT, DUK, MSFT, NSC, MO, PEP, CMI, APD and AVGO

MA and ITW just outside the top 10

No bad dividend stocks right there.

A few random thoughts.  That's a good list though I think half of it will be changed within six months.     We'll see.  I own over half of those.

IMO it's very good to practice doing what you think you will at retirement, well in advance of retirement.  I started doing that about three years ago and about one more to go.  I am trying to put the bulk of my port into my top ten, but I've been lucky this year and a lot of them have just run up too fast, and then I lose some of the shares selling covered calls.  It's all income no matter how we get it as long as it's done conservatively.  I timed spec well and the put sales are lucrative on them so I tempt fate a little.  I fight to keep it a small part of my port so they can't hurt me much at if they get a 75% off haircut.

I want to avoid a 25% overall port haircut and pretty much anything we buy carries that risk.  I'll continue to keep some cash for a real dip in blue chips.  No clue if that comes this year or not.  A six month low is not a real dip usually.  There is no doubt in my mind this market gets whacked within a few years.  It's going to take a lot more than a vague FED comment.  TINA is real.  I have $50K in a short-term bond fund that yielded about $25 last month.  That just won't work for most retirees.  They have to take some equity risk at some point.  They'll come flooding in to save the market on a dip until we all unlearn that lesson that stocks only go down for a few weeks then bounce to near ATH within a month or two.  The gamblers are nowhere near done so that complicates it.  They have to suffer some real pain that lasts before that subsides.  Some surely did but they are back bidding up the same stocks again and being rewarded in many cases.  I have too, but I missed the initial beating.  And some of the runup as well of course.