A new buy for my Vrijheid Fonds.
This month we saw a nice dip in the market. And with some money left in my broker account I couldn’t resist to pull my buy trigger. I averaged down one of the Dividend Aristocrats I own. This week I made my sixth buy in 2018 for my Vrijheid Fonds.
In the spring of this year I did an analysis of 3M. If you haven’t read my analysis, please take a look at this post about 3M Company (MMM) Stock Analysis Pollie Style – 2018.
Purchase
This week I bought 6 shares of MMM at $187.43 per share (incl. fees).
With this buy I added a little bit more than €24 (after taxes) of projected dividend to my Vrijheid Fonds. Now I own 15 shares of 3M and this position produces € 61 ($69) after taxes in dividend income annually.
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!
Cheers,
Pollie
Disclaimer: I’m not a registered investment adviser, investment professional, brokerage firm or investment company. Readers are advised that information on the website is issued solely for information purposes and not to be construed as an offer or recommendation to buy, hold, or sell any securities. All information, opinions, and analyses included are based on sources believed to be reliable, but no representation or warranty is made concerning accuracy, correctness, timeliness, or appropriateness. Please consult with an investment professional before investing any of your money.
Pollies –
AWESOME! Great company and you are just adding to that forward income, great work!
-Lanny
Thanks Lanny.
Nice buy Pollie at these low levels. I have bought it a few months ago, now hesitating to buy more (markets seem really unstable right now).
Thanks Mr Groeigeld. Let me know when you pull your buy trigger
Sweet deal! 15 shares of a dividend king like 3M is nothing to be ashamed for! Keep it going Pollie! Happy christmas!
DI
Happy christmas to you and your loved ones!
Good move! I also bought a few 3M shares last week. My purchase price was slightly higher. 4 shares for $188 per share.
Glad to have you as co-owner!
Nice purchase Pollie, I’ve been looking to add to my MMM position as well. The other day I had a limit order set at $182 that didn’t execute and now I’m patiently watching to see if it drops anymore.
Hard to complain about adding a company like this at these price levels!
Thanks