Correction Over, P&G Purchase

Looks like the correction is over.  😥 This is the "Disappointed but relieved" emoji.  I am disappointed I couldn't take more advantage of it, but relieved it was only a correction, or VIX cover, or interest rates, or whatever.  Now it looks like back to business as usual.

I only added about 3k into it when it happened.  I have plenty of dry powder waiting for an all-out crash, but will pull a bit more from the stash if we have another correction.

Most of the purple and pink (companies that are -10% and -5% respectively) in my portfolio are gone.  Only the REITs persist due to interest rates rising, and they seem to have found somewhat of a floor.  This probably means I will be buying them on the slide down until I am overweight.  In May or June, I will be able to start tax harvesting.  I actually have a loss carryover from last year (I did mention my OLD stocks were stinkers), but I may have a hard time finding many stocks that apply.  Right now, Philip Morris will be the first to go.  Nothing against smokers, but you can see my previous blog on tobacco stocks for my take on them.  That will probably net me only a negative 300-400 dollars.  I bought some of O at $57 (glad I didn't buy in at $70), and that lot will probably be sold if the interest rates keep rising.

Right now I aim to harvest by shifting the money from a bad stock price, into something with a comparable or higher yield.  If I did this today, PM would probably be shuffled into CMP or SO (Compass has fallen on rough times due to city salt stockpiles), while O would probably end up in MAIN.  PM and O have *very* good yields, so they have a tough time finding something that meets or beats.

My higher yield stocks have the highest market volatility, compared to my lower yield stocks which are quite sturdy (MasterCard rounding out the bottom with excellent returns).

Oh yeah, PG: 7 more shares after a nice drop.

Recent Purchases: O & NNN

10 shares of O
13 shares of NNN

O is still hovering around -10% in my portfolio, but now real estate outweighs staples in source income.  I will be looking to a staple for my next purchase.  There are a few good prospects, but I'm going to wait a bit while the floor makes itself more apparent in that sector.

Enjoy the ride!

Dividend Investor's Dream

The pullback finally happened!  And while I'm glad it did, I wish I had more money on the sidelines.  The main issue is getting money into my brokerage fast enough (thank goodness for photo check deposit!).  I dropped some in Monday, which was available this morning, and I also dropped some in late last night which showed up midday today.  I was able to purchase:

20 shares of MAIN (right before it took off)
19 shares of XEL (came back a little, but still pretty flat).

Both stocks were +10% underwater in my portfolio, but now only the REITs are (well, O as of right now, NNN is close).  I decided to go with MAIN first, as the bank stocks are set to bounce back after the spanking Wells Fargo got from Yellen.  Then XEL, and this was a tough decision, but I decided to go with XEL over the REITs in the afternoon trading because I'm betting on a good quarter for earnings, and because Utilities seem to be getting closer to the floor (at least until the next rate hike).  XEL was also a pick by YD a month ago, and I got it for $5 cheaper than he did.  I am getting more money in by tomorrow, so I will see about the REITs then.  Depending on how the market acts tomorrow, will decide if I deposit more money in the account for Thursday (and Friday) purchases.

It has been a roller coaster, but a fun one!  I'm still ahead on my gains, but I *did* lose more than half of the gains I had accumulated.  This plus my 401k put a dent into my net worth, but I'm optimistic about it bouncing back by the end of the month.  My annual income jumped about $87 with the above purchases, and will probably round out to $100 extra per year with tomorrow's purchases.  We will have to see what Yellen's replacement does to an already jittery market.  I feel bad for any people who finally decided to jump in during January, I'm sure they were discouraged, but then, they took over a year to do it.  I'm lucky I started in May, though I started late as well.  However, if you have been sitting on the fence, now is a good time to jump into some dividend stocks.  Yields have pumped up quite a bit!

Buckle up and enjoy the ride!