I made one recent buy in the last two weeks. In the first week of October, the market took a nice dip and it was the prefect opportunity to take advantage. After three months of saving, it was time to pull the trigger. My portfolio briefly crossed the $200K threshold last week for the first time. It was a nice milestone to have passed. As my portfolio continues to grow in the future, I am looking forward to seeing above the $200K mark as the new standard. In the meantime, I will continue on the path of saving and investing as I continue to build my dividend dynasty!
In the first week of October, I bought 19 shares of 3M (MMM) at $155.35 per share. If I waited a few more days, I could have gotten this stock and below $150 per share, but you can’t predict the future. Oh well, I am happy with the buy. With this purchase, 3M has become the 28th stock in my portfolio. This company has been on my watchlist for a long time. I am glad I was finally able to purchase it. This purchase added $109.44 to my forward annual dividend income. Looking forward to collecting dividends from 3M for many years to come.
That is all I have to report for now. I managed to save up $5,000 over the past 3 months for investing (thanks to increasing dividends and a pay raise at work that I received earlier in the year). I spent about $3,000 on my 3M purchase and still have another $2,000 to invest. So, I will wait and still what opportunities emerge in the coming weeks. As of right now, my portfolio stands to generate $9,606 in dividend income over the next 12 months. Getting closer again to that $10k milestone. So, what do you think of my purchase? 3M on your watchlist? Already own 3M? Let me know in the comments below!
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