Wednesday, January 27, 2016

Mini buy: GIS, PG, MMM, ABT

The recent market correction has brought down a lot of high quality companies that I have always wanted to add more. I am taking this opportunity to add more to the four. These are small additions. Next month I plan to contribute larger amounts.

GIS: $20
PG:  $20
MMM: $20
ABT: $20

It seems the "mood" right now is rather negative. The super freaking strong dollar, federal rate hike, "China", and the taboo of cheap oil (ironic eh?) aren't helping share prices of many top quality companies. Surprisingly, many of of most wanted companies such as HRL and NKE are still holding really well with high multiples. It is difficult to bring the best of breed down. Hopefully I can grab those two one day. A negative market brings even the best of breed down since many of these companies are stuck in Index ETFs, and when people panic sell they throw out the good with the bad. That is my queue to buy.

My portfolio has taken quite a beating in the last 4 weeks. However, my income every month continues to grow so I can't argue.

1 comment:

  1. Nice micro buys. I own all 4 names mentioned. Large buys or small buys, it's all progress in terms if increasing that passive income.