I’m currently on a leave of absence from work, so the paychecks may stop coming in soon. I’m currently dealing with the third-party insurance company as we speak, so we’ll see how things go…
With that said, if the ruling doesn’t go in my favor, I probably won’t have the opportunity to keep purchasing more investments in the foreseeable future. Today, I used an opportunity to pick up some dividend stocks at attractive prices.
For my first move, I decided to add some more shares of Chevron Corporation (CVX). I picked up 13 shares at $101.99/share. I now hold 43 shares of CVX.
Next, I initiated a position with Caterpillar Inc. (CAT). I purchased 15 shares at $79.04/share.
Recently, the market has pulled back, and with oil prices still in disarray, there may be many more buying opportunities for investors in the near future. I’m not smart enough to be able to predict the weather, nor do I have a crystal ball, but if I’m going to jump into the market, I would prefer to do so at an opportune time (when chaos is in the air).
CVX is getting hammered as the price of oil continues to fall. CAT had a bad earnings report and guidance has been cut. Not surprisingly, the outlook for sales volume and revenue in 2015 looks bleak, thanks to the fall in commodity prices.
When the markets experience turmoil, I simply see more opportunities. The current dividend yield on CVX is about 4.20%, and CAT is sitting at 3.55%. Pretty solid, and appealing enough where I felt compelled to make a move this morning. If the market continues to trend downward, I’ll sincerely hope that my cash out refi on Rental Property #1 is completed so that I’ll have ample funds to invest with… As an investor, nothing gets me more excited than being able to pick up assets at (or near) 52 week lows. I have no problem dollar cost averaging down on stable companies that I believe will be around for the long haul.
Maybe fun times are back? Happy hunting everyone! 🙂