On Wednesday, January 21, I deposited $10,000 cash into my DivGro portfolio. The bonus deposit is in addition to my regularly scheduled deposits of $2,500 per month.
This is the sixth bonus deposit I've made since starting DivGro. Its been a while since my last bonus deposit in March 2014 ($5,000) and even longer since my previous $10,000 bonus deposit (December 2013).
I prefer to allocate about $2,500 to new buys. Since that is exactly the amount of my regular monthly deposits, normally I have enough cash available to buy one stock per month. However, I've set some fairly aggressive goals for 2015. To reach those goals, I'll need to take some extraordinary action!
Earlier I revealed that I'm in my dream-career, working as an effects artist at the best animation studio in the world! The animated films we make are seen and enjoyed by millions of people all over the world – it is an amazing privilege and a blessing that I get to do what I love to do and that I get paid for doing it...
One of the ways I get paid is through film bonuses. There was no film bonus last year because we didn't release a film in 2014. (This year we're scheduled to release two!)
Another way I get paid is through long-term incentives. These are structured in a way to compensate employees that stick around and help to make the company successful. We used to receive stock options as a long-term incentive, but after Disney's acquisition the incentive scheme changed to one that depends more directly on the financial success of our films.
This month, the final batch of stock options expired – the end of an era! So the source of this month's bonus deposit is cash received from exercising my final batch of stock options...
It is exciting to have funds available for several new purchases! In addition to buying more shares of IBM, I've initiated two new positions. Look for posts on those buys soon.
Of course, I'll be looking to buy more fair-valued dividend growth stocks in the next few weeks. It would be great if readers would share their favorite candidates in the comments. Who knows, maybe I'll buy one of your suggestions!
Which dividend growth stocks do you think are fairly valued right now? What are your top three candidates?