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| Today |
It was hard to find bargains. While earnings were about even for all my companies (half profit/half loss), most stocks went up in value, regardless. Our net worth is approaching retirement values, which is good news, but my annual income has hit a snag as I'm having harder times finding stocks on sale. A relative and friend of mine is thinking of starting dividend investing, and if I were to start today, I would start in 5 diversified stocks: Abbvie (ABBV), International Paper (IP), Southern (SO), Okeo (OKE), and AT&T (T). You have medical, industrial, utility, energy, and telecom. While they may be peaked on value, they have great yields. So yeah, if you buy them, they may drop in the next crash, but you will still be making some money in the meantime to buy them at better prices. AT&T was a dog in my portfolio for almost two years, but has recovered nicely, and still has a
great yield. After those, I would invest in as many consumer staples & utilities as possible, as they will thrive in the next recession.
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| Two Years Ago |
I have been filling out my portfolio buying a few lower yielders to diversify. However, I really need to start concentrating on the utilities for a few reasons. 1, their profits should do nicely after the winter season, and 2, they also will thrive when a recession hits. So, XEL, SO, WTR, and WEC, I'll be keeping my eye on you.
Dividend Increases & Special Payouts
Hormel Foods (NYSE:HRL) declares $0.2325/share quarterly dividend, 10.7% increase from prior dividend of $0.21!!! Gotta love a 10.7% raise!
AbbVie (NYSE:ABBV) declares $1.18/share quarterly dividend, 10.3% increase from prior dividend of $1.07. Another great raise! Better than my job!
November Purchases:
| CVX | 2 |
| ORI | 25 |
| MCD | 3 |
