A new buy for my Vrijheid Fonds – AbbVie
Last month I have already bought some extra AbbVie for my Vrijheid Fonds. For more information about my buy in June, just read my post Recent buy – AbbVie – July 2019. I have made this buy just before the announcement of AbbVie on buying Allergan. The market reacted very strongly on this announcement. The stock price dropped almost 15%. A case of bad timing? A have writen a post to answer this question. For more information about this announcement and my timing, just read Bad timing on buying AbbVie?
Last year I did an analysis of AbbVie. If you haven’t read my analysis, please take a look at this post aboutAbbVie Stock Analysis Polliestyle – 2019.
I still believe the credo to be on time in the market, then timing the market. So, with still lower stock prices on AbbVie, I couldn’t resist to pull my buy trigger. I again have averaged down on this Dividend Aristocrats. This week I made my Fifth buy in 2019 for my Vrijheid Fonds.
This week I’ve bought 11 shares of ABBV at $ 67.34 per share (incl. fees). With this buyI added almost €9 (after taxes) of projected dividend to my Vrijheid Fonds for 2019. Now I own 44 shares of AbbVie and this position produces € 83 ($ 92) after taxes in dividend income annually.
The projected dividend income for 2019 for my Vrijheid Fondsis € 4,033.
Again, a small step in my journey and one-step closer to my goal. Has anyone else invested in this company recently? Any feedback is greatly appreciated!
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