What Did You Buy Today?

[Otter]

(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.

Some of my biggest winners today were totally unloved by the market back when I bought them. 

BA was hated for 787 cost overruns, battery fires, and an SEC accounting investigation (up 179%)
TGT would be bankrupted by AMZN and their data breach issues (up 87%)
PEP doesn't have the sort of health-conscious products millenials want (up 81%)
PG had lost its way and no one wants to buy their name-brand products anymore (up 67%)
CSCO was "dead money" (up 60%)
TROW was going to zero because everything would move to ETFs and they wouldn't be able to compete (up 59%)
AFL was "dead money" in a dying economy (Japan) (up 40%)

And so on. It took several years for the change in sentiment to occur, but the value was realized at the time of purchase. 


Sure, I've got some serious dogs in the portfolio today (MO down 31%, BTI down 26%, CAH down 17%), but with 90+ stocks, most of which are dividend Champions or Contenders, I prefer to keep buying the stuff that is on sale. It pays me more income than the pricey stuff. I just wish I were better at market timing, as getting even more yield on the current dogs would have been nice. No use crying over spilt milk.

[kblake]

(10-03-2019, 10:50 AM)Otter 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.

Some of my biggest winners today were totally unloved by the market back when I bought them. 

BA was hated for 787 cost overruns, battery fires, and an SEC accounting investigation (up 179%)
TGT would be bankrupted by AMZN and their data breach issues (up 87%)
PEP doesn't have the sort of health-conscious products millenials want (up 81%)
PG had lost its way and no one wants to buy their name-brand products anymore (up 67%)
CSCO was "dead money" (up 60%)
TROW was going to zero because everything would move to ETFs and they wouldn't be able to compete (up 59%)
AFL was "dead money" in a dying economy (Japan) (up 40%)

And so on. It took several years for the change in sentiment to occur, but the value was realized at the time of purchase. 


Sure, I've got some serious dogs in the portfolio today (MO down 31%, BTI down 26%, CAH down 17%), but with 90+ stocks, most of which are dividend Champions or Contenders, I prefer to keep buying the stuff that is on sale. It pays me more income than the pricey stuff. I just wish I were better at market timing, as getting even more yield on the current dogs would have been nice. No use crying over spilt milk.

I own all those names as well with the exception of TROW. All these names have something in common. Everyone uses their products or services. Those are the ones you buy when they get cheap. MO is a bit different. Smokers are less and less now which is why I wont own the name. Just too much risk in that space for me. 

Just like MMM and FDX. They will be a around for years to come and everyone needs their products or services.  MMM has bad a bad investment for like 4 years now. The turnaround will be slow but I have 20 years to wait it out and get a nice dividend payment.

[fenders53]

(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?

[fenders53]

(10-03-2019, 10:50 AM)Otter 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.

Some of my biggest winners today were totally unloved by the market back when I bought them. 

BA was hated for 787 cost overruns, battery fires, and an SEC accounting investigation (up 179%)
TGT would be bankrupted by AMZN and their data breach issues (up 87%)
PEP doesn't have the sort of health-conscious products millenials want (up 81%)
PG had lost its way and no one wants to buy their name-brand products anymore (up 67%)
CSCO was "dead money" (up 60%)
TROW was going to zero because everything would move to ETFs and they wouldn't be able to compete (up 59%)
AFL was "dead money" in a dying economy (Japan) (up 40%)

And so on. It took several years for the change in sentiment to occur, but the value was realized at the time of purchase. 


Sure, I've got some serious dogs in the portfolio today (MO down 31%, BTI down 26%, CAH down 17%), but with 90+ stocks, most of which are dividend Champions or Contenders, I prefer to keep buying the stuff that is on sale. It pays me more income than the pricey stuff. I just wish I were better at market timing, as getting even more yield on the current dogs would have been nice. No use crying over spilt milk.

And you are dollar cost averaging, as you should.

[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.

[Otter]

(10-03-2019, 11:06 AM)kblake Wrote:

(10-03-2019, 10:50 AM)Otter 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.

Some of my biggest winners today were totally unloved by the market back when I bought them. 

BA was hated for 787 cost overruns, battery fires, and an SEC accounting investigation (up 179%)
TGT would be bankrupted by AMZN and their data breach issues (up 87%)
PEP doesn't have the sort of health-conscious products millenials want (up 81%)
PG had lost its way and no one wants to buy their name-brand products anymore (up 67%)
CSCO was "dead money" (up 60%)
TROW was going to zero because everything would move to ETFs and they wouldn't be able to compete (up 59%)
AFL was "dead money" in a dying economy (Japan) (up 40%)

And so on. It took several years for the change in sentiment to occur, but the value was realized at the time of purchase. 


Sure, I've got some serious dogs in the portfolio today (MO down 31%, BTI down 26%, CAH down 17%), but with 90+ stocks, most of which are dividend Champions or Contenders, I prefer to keep buying the stuff that is on sale. It pays me more income than the pricey stuff. I just wish I were better at market timing, as getting even more yield on the current dogs would have been nice. No use crying over spilt milk.

I own all those names as well with the exception of TROW. All these names have something in common. Everyone uses their products or services. Those are the ones you buy when they get cheap. MO is a bit different. Smokers are less and less now which is why I wont own the name. Just too much risk in that space for me. 

Just like MMM and FDX. They will be a around for years to come and everyone needs their products or services.  MMM has bad a bad investment for like 4 years now. The turnaround will be slow but I have 20 years to wait it out and get a nice dividend payment.

I may be wrong on BTI/MO/PM, and don't disagree that traditional smoking appears to be in a secular decline, but do think there are growth avenues (primarily vaping and cannabis). I think the current vaping panic will turn out to be overblown, and attributable to black/grey market vaping cartridges. A more restrictive regulatory framework in that space favors established players like MO. I don't think anything will turn the tide on expansion of cannabis legalization. There's too much money there for states to ignore. I think the established players in tobacco end up owning most of that space eventually, as well.

[fenders53]

(10-03-2019, 11:12 AM)Otter Wrote:

(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.

Nobody is likely to go broke DRIPing, but that just seems like the right thing to do now.  On a good day 10% of my port is on sale.  Too many stocks with PE's at least 50% higher than historical.  There will be a better day to add to those positions.

[kblake]

added to UTX and BMY

[DividendGarden]

added to JNJ.

[ChadR]

Initial positions in BIP, OZK, UNH, BAM, and JPM. Added to CAH.

Feel like there might be a lot more trading now with $0 commissions. Worth picking up a single share of stock now.

[divmenow]

New position in COP this morning and added to BMY and ABBV

I'm watching SCHW. I think there's going to be a lot of acquisitions in this industry going forward. Schwab the leaders and one the only ones who can make money on the banking side. and its software is tops. Commissions are only account for 2-3% of there income. So not a big loss for them. I think this will even bring in more business for them.

[Dividendwayfarer]

Added DAL & WFC today.