Lanny's Dividend Stock Purchase Activity - March 2020

March was the most interesting month in quite some time, to say the least.
General Dynamics is a worthy Dividend Aristocrat and they were recently on my Dividend Stock Watch List for April.
Only one new position, which was very small - Wendy's - was added to my dividend portfolio.
March was the most interesting month in quite some time, to say the least. We witnessed many down and up days of over 5%. As I am typing this, the market has had their best 4-day run since 1974, literally 46 years ago. This just goes to show you how low the market hit, and even with this, the market is still undervalued. Could this be a teaser upswing, to set us up for the next bear drop? Who knows. What I do know is that the dividend stock purchases continued through the month of March.
Investing consistently in dividend income stocks allows you to create and build another income source, with dividends. This is my primary vehicle on my road to financial freedom, which you can see through my dividend income and my dividend portfolio which continue to build and build.
How do I make dividend stock purchases and screen for dividend stocks? I usually put the stocks through our Dividend Diplomat Stock Screener and trade on Ally's investment platform.
How do I build the capital to make these stock purchases? I save anywhere from 60-85% of my take-home pay and strongly believe financial freedom does not happen by hitting a home run on an investment. Nothing matters more than your savings rate on your journey to financial freedom, plain and simple. Therefore, I work my butt off to make sure expenses remain in-check and that my savings rate is meeting our investment and financial independence goals. Then, you rinse and repeat.
The stock purchases Purchases were unusually small and frequent in the early parts of March. The month felt like a year, but still - triggers were pulled, even if the results were small. Thank goodness again for the new $0 in trading fees, allowing... Read more