Although the market has rebound a bit for the week and unlike previous weeks where there seem to be alot of blood bath on the street with the market in a nose dive trajectory. But Like the saying goes another week another dollar going towards building passive income.
When there is panic in the street there are always opportunity to add to shares at lower discounted prices. I don't know about you but I rather pay $.60 for a dollar. That is pretty much were we are at this level. Since we cannot project the future where the market is headed, consistently adding shares will cause anice snow ball effect on the dividend income the best of passive income.
Timing the market will only cause anxiety and I enjoy my sleep too much to be anxious about anything. Since we can't really predict future market outcome. Consistently adding shares of quality stocks and a discounted prices will either lower cost basis, or get you great long term stock to hold forever and of course collect passive income.
Passive income is the best income there is. Getting paid to basically manage you time and do as you please. There is no value to owning you time.
I can think of a million things I can do with my time. One of which is do volunteer work, travel and pretty much do what I please when I want to. For this week so far I did not add any new stocks to my retirement fund.
Here is an update to recent purchases from this week both on loyal3 and Sharebuilder account.
On February 22, 2016
MCD $10 .0860 shares @116.26
LB $10 .1217 shares @82.14
K $10 .1350 shares @74.07
February 23, 2016 on Sharebuilder
CMI $100 .98 shares @97.22
UTX $150 1.59 shares @91.56
RDS.A $150 3.25 shares @44.84
This small purchases added $22.65 to my 12 month trailing dividend. The yearly dividend income is now $350.60 with this purchase . Big step for first year of dividend investing. As I look forward to continue dividend growth I can see this continue to grow into a passive income to sustain my family lifestyle.
What are your thoughts on recent purchases? What are you buying?
Thanks for reading
Disclaimer: Long on all stocks listed.
Disclaimer: I’m not a licensed investment advisor and not an investment professional. This site is only meant for educational or entertainment purposes only. I’m not liable for any losses suffered as a result. Please consult with an investment or tax professional before investing any of your money.