Gaining this position led to some unexpected money from my mom. She gave me a little bit of money. A portion of the money went to expenses. I'm on family leave so getting a paycheck, (though I will get a decent reimbursement from the state.) And daycare for two starts on November 1 and has already been deducted from my account. The majority of money will be used to invest both in myself and dividends. There is an age old saying dress for the job you want not the job you have. Well both my new job and the one I'd home to get down the road require a wardrobe upgrade. I have been slowly doing this one outfit at a time. This weekend I plan on buying a second suit and couple of new professional shirts/ties and pants.
But I wanted to make sure I also used a portion of the income to invest in my portfolio. So this week I made a few buys.
On the 24th I bought another 2 shares of T at 36.93 per share. This continued my trend of buying the dip over the Time Warner Purchase.
However, I realized I have been buying a lot of telecom as of late between T and FTR. I also realized that a lot of my recent buys have been high dividend stocks and I wanted to diversify and add some stability to my portfolio.
On October 25th I bought a single share of Disney for $92.82. This might not seem like much. But for a portfolio under 2k that share alone is a significant percentage. For me this was a no brainer. The Dividend is low but there is a ton of room for growth as Disney currently has a P/E ratio of under 17. And without a doubt Disney will also ways be around. The company also is incredibly diversified owning ESPN, theme parks, movies, streaming etc.
My largest buy of the week was EMR 5 firstname.lastname@example.org per share. This was another boring buy. The share price has been largely flat for the past 9 years and the dividend growth has slowed considerably lately. But at the end of the day it is a Dividend Aristocrat with a P/E ratio of 17.78 well below its competitors in the field. The yield is a very solid 3.79 and the payout ratio of 65.1 shows that the dividend isn't in any jeopardy. They have a 4 star rating from Morning Star.
Overall it was an exciting week. With this latest investment I can now revise my 2017 Goals and reach a little more.