After taking some time off for a little rest and relaxation I’m back with my regular updates. You can go on vacation but the market does not stop, I managed to find a few minutes to make my weekly purchases.
There is no time like the present to add money into the market. After starting my after tax portfolio with a lump sum, I have been making additional purchases on a weekly basis. Approximately $250 of fresh capital is deployed each week into my current positions, I keep a list of which positions currently offer an attractive price and as long as I’m not overweight (up to 5%) on that positions I will add to it. Let’s move on to the reason you clicked on this article.
This weeks additions are:
1 share of Tractor Supply Company (TSCO) @ $189.73
1 share of AO Smith (AOS) @ $57.64
1 share of Google (GOOG) @ $111.50 Slowly building this position for my growth portion.
Tractor Supply Company is a US retailer with 2,000 stores across 49 states. It is geared towards agricultural supplies for recreational farmers and landowners. Think of it as a Home Depot for farmers. Currently it offers a 1.94% yield with an impressive 5 and 10 year Dividend CAGR of 23.8% and 26.25%
AO Smith is a US manufacturer of residential and commercial water heaters and boilers. Currently it offers a 1.75% yield with double digit 5 and 10 year Dividend CAGR of 15.71% and 20.75%
You can begin to see a pattern with my purchases. I have focused on a handful of my positions that I want to continue to build up during the market downtrend.
With this week’s purchases I have increased my dividend income by $4.80 per year on $247.37 invested or 1.94% return. You can view my portfolio holdings here.
Do you own either of these? Planning to add to your portfolio? share your purchases in the comments.