Saturday, June 29, 2019

Best June for the Dow since 1938!

It was a good month, in many ways.

Despite starting to pay down debt, I was able to move things around in my 401k to increase my taxable dividends by a moderate amount (and take advantage of some dips).  Normally, I would use this increase to buy more stocks, I will be using it to help pay down debt (for now).  My debt is interest free, and half of it is 401k loan (which isn't interest free, but the interest goes to me so - same thing!).  However, living completel
y debt free is such a great feeling, so I aspire to get back there as soon as possible.

My net worth got a nice boost not just from the market this month, but the remodel added 60% of the cost (per Dave Ramsey) to the value of the home.  I thought this was quite high, but since it included flooring and cabinets, it seems legit across several websites. 

Finally, ABBV dropped 14% on the news it was buying Allergen!  I was only able to snag 4 shares before it bounced back by half of that.  Early next week I hope to buy more.  General Mills also dropped 7% and has bounced back a little, but I was out of cash, not to mention I already have enough GIS for now.  ABBV is in my sights right now, until I own 4+%.

One thing I've noticed is that although I have money going to many different places, the cash flow allows for a little chaos.  I get to feel how AT&T feels with their debt, chaos, but substantial cash flow.  I think this is important:  Have no debt, have a plan for your money, and have a lot of free cash flow to funnel where it is needed.  Not doing this leads to unnecessary debt, unnecessary purchases, and unnecessary opulent lifestyle changes.

Dividends Received: $572 (the high paying month)
QCOM      $40.30
MAIN      $27.50
HD      $24.48
MCD      $18.56
    $10.85
ORI      $18.80
MAIN      $22.00
IP      $39.00
JNJ      $20.90
TGT      $32.64
CVX      $16.66
SO      $34.72
ADM      $8.75
WEC      $7.67
WTR      $6.35
401k Taxable $255.78

June Purchases:
ABBV  4
IP  4
FAST  2
WSO  2
ABBV  2
FAST  4
OKE  2
CVX  1
MCD  3
FAST  2