Happy first day of summer everyone! Life has been pretty busy for me, but it's also been really fun and exciting. I've been trying to find a balance between being frugal to save up money to invest aggressively, while also enjoying life along the way. Recently, I've been reminded how quickly time flies by (there's no greater reminder than seeing how fast your children grow up), and I want to make sure I don't let it pass me by being frugal all the time. Life is more than just saving aggressively to reach early financial independence or retire as early as possible. It's also about living life. I want to create memories with my family and have something to look back on; hopefully, when my kids grow up and they reminisce on their childhood, it will be nothing but positive and happy memories. So yea, that pretty much sums up where my head space has been at recently -- trying to find that delicate balance between saving aggressively and spending money to live a little.
In any case, I only made one purchase for the month of May. I have recently been holding back on stock purchases because of a large expense that may be coming our way. And because of that, I have been trying to hoard cash to prepare for the expense. Until I reach the desired cash reserve to account for the large expense, I will only buy stocks if I consider them to be a really great deal.
With that being said, I purchased 5 shares of W.W. Grainger (GWW) at $180 per share in my taxable brokerage account. This is a dividend yield of 2.84%, adding $25.60 to my taxable dividend income.
What do you think of my May stock purchase?
I like this pick up. GWW has been pretty volatile lately going from $169 to $180 in a few weeks and back down again. It's been a long time hold for me and I plan to keep this name for the foreseeable future though will wait to add more. I'd like to see GWW with a yield of 3% or more before adding. Thanks for sharing.
ReplyDeleteHi Keith,
DeleteGWW has been one of the dividend aristocrats that has been pretty beaten down lately, and like you said, it's been fluctuating from $169-180 in a few weeks. I think if GWW can hit around the 3% dividend yield, I agree with you that it would be a great time to add more shares.
Thanks for stopping by and commenting.
Glad to have you as fellow shareholder,i bought GWW few weeks ago.Wish would have waited few more days to get better entry point.
ReplyDeleteHi Desidividend,
DeleteGlad to have you as a fellow shareholder as well! No worries about the better entry point; you can always average down your cost basis. Besides, hindsight is always 20/20. If GWW had gone back up because you were waiting for it to drop further, you might have regretted not buying it then.
Thanks for stopping by and commenting.