Woohoo! This is my first stock purchase since July when I bought GIS. I tend not make purchases of stock until I build up my cash reserves. Normally, I wait until I have $2000-$4000 saved up before I make a purchase. It usually takes me three months to reach a full $4000 in cash reserves for purchasing stock. I get a little over $2000 each quarter from dividend investing income and the other $2000 I save up from my working income.
Last Friday I made a purchase of Target Corp (TGT). I bought 70 shares of Target at $56.98. My initial plan was to purchase a stock in the industrials sector, but as the stocks on my watch list pulled up from their lows I decided to look elsewhere. TGT was another stock on my watch list that was getting pummeled the past year reaching all-time lows. So I took advantage of that instead.
I find it hard to “plan” a specific purchase weeks in advance. The stock market is unpredictable and you never know where the price of a stock will go. I guess that’s another reason why it is good to have a watch lists with many possible stocks of interest. If one loses its appeal, there will always be other options. I am happy with my new purchase of TGT and look forward to collecting ever increasing dividends from Target in the coming years (decades I hope).
This purchase of 70 shares of Target Corp (TGT) adds $173.60 to my yearly dividend income (equating to $43.40 each quarter). TGT represents the 15th stock now in my portfolio, the Dividend Empire, which is now set to generate $8,181 in yearly dividend income over the next 12 months! Cha-Ching! So what do you all think? Is TGT on your watch list? Do you already have TGT?