Dividend Ten

Freelance & personal finance journal

Recent Buy

Recent Buy

Today I added to my position in Apple (AAPL) by buying another 25 shares at $137.10 each for $3,427.50 total purchase price.

Despite the recent run up in prices, and $717Bn market cap, I believe that Apple remains a fair bargain, relative to other securities.

It also doesn’t hurt that Berkshire has been buying AAPL hand over fist lately.

Uncle Warren

Apple’s cash hoard is bigger than some of the market capitalization of some of the biggest names in the S&P 500, and future iterations of the iPhone should continue to propel fundamentals higher.

Some also say that Apple is now the best dividend growth stock in the market.

Additionally, there’s also always a possibility of new innovation in the pipeline as technology continues to transform society at a hyperaccelerating rate. Although Apple has not been as innovative lately as in the past – and while I think GOOGL, AMZN, and FB are much stronger in that department – I think there’s also always the possibility of them surprising to the upside in the next few years.

The first trillion dollar cap company is probably going to be either AMZN, GOOGL, or AAPL. Tough to say which one, and I don’t think you can go wrong buying at any price any of these names, assuming a 20 year time horizon.

At $0.57 quarterly dividends per share, this purchase will add another $57 to my forward income.

Updating my portfolio accordingly.

6 Comments

  1. Wow, you have been really busy with your buying as of late. I can see you are really focusing on increasing your dividend income in 2017. I don’t own AAPL but see it in many DGI portfolios for good reason. That cash balance should go a long way towards dividends or acquisitions for the company. Thanks for sharing.
    DivHut recently posted…4 Apps to Make Investing Easy in 2017My Profile

    • Secret Agent 10

      Thanks Keith – yeah am making a big push as I had added a good amount of cash to my retirement acct in Jan – we’ll see how it plays out! Thanks

  2. JC

    AAPL looks like a solid bet and get the WB blessing certainly helps. I hope to make a significant purchase in AAPL at some point because the fact is their ecosystem is incredibly sticky.
    JC recently posted…10 Option Moves to Boost My Investment IncomeMy Profile

  3. AAPL is a great company and I continue to expect it to provide solid returns especially as their services business matures.

    • Secret Agent 10

      Time, Yeah, Guggenheim just raised the price target to $180, for what’s that worth. Great business and a great dividend growth future.

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