Polliesdividend

Recent Buy – 3M Company – May 2019

A new buy for my Vrijheid Fonds – 3M Company

This month we saw a nice dip in the market. And I opened an account by a new broker and put some money on this account. And for the one who knows me, I’ll rather be on time in the market, then timing the market. So I couldn’t resist to pull my buy trigger. I averaged down one of the Dividend Aristocrats I own.

Last week I made my second buy in 2019 for my Vrijheid Fonds.

Last 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.

www.polliesdividend.com

 

 

 

Purchase

This week I bought 6 additional shares of MMM at $173.10 per share (incl. fees).

With this buyI added almost €20 (after taxes) of projected dividend to my Vrijheid Fonds. Now I own 21 shares of 3M and this position produces € 85 ($95) 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? I greatly appreciate any feedback, so don’t be shy and leave a comment.

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.

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9 thoughts on “Recent Buy – 3M Company – May 2019

  1. DutchIndependence

    Great purchase Pollie, I’m surprised I’m not seeing more of these posts. I myself am long in 3M with sold puts too. Good to see that dividend income increase bit by bit!

    DI

  2. Willem

    I bought 2 of them last week..

    Try to build up a position in this company for the next coming months.

    good buy Pollie

  3. dividendcompounder

    Hi Pollie, congratulations with this purchase.

    I just bought 4 extra stocks which gives me a position of 26 shares for an average price of $172.44. This produces a nice annual $149.76 in dividend income. I’ve had my eyes on this company for quite a while. In only a couple of weeks I initiated a position at $192+ and averaged all the way down. Very satisfied thus far.

    👍

    1. Polliesdividend Post author

      Hi Mi,

      I’ve opened an extra account by DeGiro. And Why DeGiro, because the fees are very low

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