Monday, March 16, 2015

Recent buy: PM

Adding $1200 in PM. PM yields a healthy 5.14% right now. This will add $61.68 in income per year and $15.42 next month. PM is around 20% cheaper than its all time high. I have a feeling that with the strong dollar, we will not see a substantial dividend increase this coming fall. However, I do feel that PM's strong cashflow is strong enough to sustain its dividend payments. A time will come when the dollar falls back, and that is when I think PM investors will reap large rewards.

Some unexpected expenses came up and I will have to dig into some of my emergency cash. Unfortunately next month will likely take a hit in terms of contributions. Such is life :(

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