Friday, April 6, 2018

Portfolio Update - March 2018

I haven't been able to update this blog as I'd like as work has been super busy lately and I haven't had much time to write. I'm still following dividend stocks and actively investing though! This is just another reason why I want to reach financial freedom as early as I can. Having to worry about the stress of work and not having time to do other things like write blog posts is really not ideal. 

With that being said, March was another brutal month for investors and for me as well. I own a lot of Facebook and they got hit hard because of the privacy scandal. I believe they will be fine long term though and think it presents a good opportunity for anyone looking for a non-dividend stock to purchase. They have no competition and have an incredible user base. They also have many other apps that are very popular. 

This March I saw my portfolio value decrease $4,203.54 or -2.15%

It's not fun to see your money go down, but this just presents a good buying opportunity if you have capital to invest. I'm in this for the long term and I will rarely ever sell any stocks so the short term noise does not concern me! As stock prices decrease, dividend yields increase! This means my money is earning me even more while the market is down. 

I was able to make two purchases this month during days that the market was down. On March 7th, 2018 I was able to purchase 14 shares of Exxon Mobil (XOM) at $73.90 a share. This stock has been beaten up lately and I think this is an excellent price for the company. On March 8th, I was able to purchase 6 shares of Home Depot (HD) at $176.80 a share. Again, the market was down and I've wanted to Home Depot for a very long time. They are an excellent dividend growth company and I'm happy to join the team. Overall this added a total of $67.84 of dividends to my annual dividend income. The snowball keeps growing!

This was my 2nd month ever that my portfolio value decreased in a month. I'm not worried since I'm here for the long haul and this just presents great buying opportunities. I'm going to be able to buy another two times in April and hope the market continues to stay lower since the dividend yields are propped up! 

Let me know what you guys think! How did you guys do in March?

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