Recent Buy: September

Each month I make it a point to deploy new money into my investment accounts. Updating my readers about purchases, considerations, and general activity is not only valuable content, but it keeps me accountable. As long as I can move up and to the right, I know I will achieve my goals. Buying stock in companies that pay sustainable and increasing dividends will one day cover my living expenses. This will make retiring at 30, 35, or 40 much easier to achieve. 

At the young age of 22 I feel like I am right where I want to be financially. I have no student loans thanks to my scholarships and the planning my parents. I have a ROTH IRA, Trad IRA, Personal investment account and the financial literacy of someone much older than myself. I am very fortunate to be where I am and am truly excited to see what the future holds. 

With out further delay, lets go over my acquisitions in the month of  September. As I don't currently have a steady stream of income I have been adding to a few older positions and taking advantage undervalued companies as they come. 

Bold denotes a new position*

Flowers Foods Inc: FLO   Shares Bought: 24        Average Price: $15.13

AT&T: T   Shares Bought: 5          Average Price: $39.60

Coca Cola Company: KO   Shares Bought: 5          Average Price: $42.36

Emerson Electric: EMR   Shares Bought: 2          Average Price: $50.60

T Rowe Price Group Inc: TROW   Shares Bought: 4          Average Price: $66.81

The Travelers Companies Inc: TRV   Shares Bought: 1          Average Price: $114.24

Wells Fargo & Co: WFC   Shares Bought: 4          Average Price: $45.42

Cardinal Health Inc: CAH   Shares Bought: 5          Average Price: $76.74

Aflac Inc: AFL   Shares Bought: 3          Average Price: $71.87

Target Corp: TGT   Shares Bought: 2          Average Price: $67.32

These purchases represent a total increase in securities value of about $2171. Not only is this a significant amount of purchases, it is the largest month of acquisitions I have ever had. Multiplied across the number of shares these acquisitions have an average yield total of 3.75%. This is right where I want to be when purchasing high quality companies especially when the yield ranges from 2.31% - 4.91%. A yield range such as that shows that not only am I buying companies that are providing current income, but companies with the ability to continually increase distributions as well. This is very important for someone starting out on their journey. Often times beginners can be reeled in by high single digit or even double digit yields while they represent significant risk. Finally, these purchases equate to an increase of $17.60 in quarterly dividend income. This is what I am most excited about. Continuing to increase my quarterly dividend income is what this is all about. I look forward to the opportunity to deploy more capital in the month of October and hope you do too!

Have you added any similar positions to your own portfolio recently?

I am a 22 year old kid who seeks to create a life of financial independence via passive income. The accumulation and growth of quality dividend yielding stocks will be the main source of income and this is my journey.

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