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Wednesday, December 4, 2013

Bonus Deposit, December 2013

On Tuesday, December 3, I deposited another $10,000 cash into my DivGro portfolio. The bonus deposit is in addition to my regularly scheduled deposits of $1,000 per month. I've updated my Portfolio page, now showing available cash of $12,610. I'll be looking to buy more fair-valued dividend growth stocks in the next few weeks.

This is the fourth bonus deposit I've made. One reason I'm making these bonus deposits is to boost available cash in DivGro. I'm still expanding the number of holdings in DivGro, and, because I prefer to allocate about $2,500 to new buys, my regular deposit of $1,000 per month is not nearly enough to cover at least one new buy per month!

Of course, it is getting quite challenging to come up with new funding sources for these bonus deposits! This time, I've used proceeds from some stock options I've sold. Cashing out at this time seems like a good idea. The markets are trading at all-time highs (as measured by the DOW and S&P 500) and diversifying the funds (by purchasing strong dividend growth stocks) seems prudent.

It is exciting to have funds available for five new purchases! Whether I can find five fairly valued stocks matching my selection criteria, is another matter...

Which dividend growth stocks do you think are fairly valued right now?

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4 comments:

  1. FFdividendDecember 4, 2013 at 5:51 AM

    WFC, TD, DE, TGT, O

    ReplyDelete
    Replies
    1. FerdiSDecember 4, 2013 at 8:17 AM

      Thanks FFdividend -- I'll take a look at those!

      Delete
  2. Pulling Myself UpDecember 5, 2013 at 4:17 AM

    I too like to make a purchase a month. On the months I don't... it feels like a wasted month even though I'm getting dividends.
    What do I think is fairly valued. Right now my mindset has closed down for the year. Q4 earnings comes out next month which imo is the biggest of the year as they give next year projections. I'm just letting my cash build up for now.

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    Replies
    1. FerdiSDecember 5, 2013 at 7:09 AM

      Thanks for stopping by! I can totally appreciate your feeling of closing down for the year. The markets have been a little frothy, though were seeing a correction now. Personally, I'm forging ahead. I feel I need to diversify my portfolio more to protect it against potential sectors shifts. Look for upcoming posts about new buys...

      Delete

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