Dividend Ten

Freelance & personal finance journal

Recent Buy

Recent Buys

Dividend Ten Recent Buy

Today I bought 23 shares of JNJ at $112.23 for $2,581 and 20 shares of Facebook at $117 at $2,340.

I recently bought some FB at $120, so naturally I would be happy to pick up more on weakness. My favorite sector, tech, has got hit as of late I think due to unwarranted concerns about a Trump presidency and his relationship with Silicon Valley, which means, of course, potential opportunity. And Facebook in particular has been hit due since their last earnings call around concerns about potential future slowing growth. Facebook in my view remains quite undervalued with a fair value of $142. I would continue to backup the truck on this stock and Google (and AMZN) at any price if you have a long term (10+ years) view. These companies incidentally account for all the growth in online advertising.

JNJ is just a core dividend growth holding with an impressive roster of consumer & pharma brands.  If you are interested in dividend investing then I’d be hard pressed to find a better core conservative position to build around. Not much to say here, if you look at earnings charts it just kind of marches inexorably up and to the right consistently, which makes it fairly straightforward  to value this company. Currently JNJ is in fair value range, but has come down a bit from highs around $125 earlier this year. Certainly anything that goes down can go down further and you could find better opportunities to pick this up at a cheaper price in the future, but I felt like adding to my position here. JNJ remains my 5th largest holding.

Welp…that’s about it for now. What do you think of my purchases? Are you interested in any of these companies? Any better deals out there that you’re looking at?

12 Comments

  1. Good buys I used to own 18 shares of Google but sold half it to put into dividend stock upped my dividends by a bunch. Still holding the other half if a major stock goes on sale i would sell it in heart beat
    Doug recently posted…November DividendsMy Profile

    • Greg Gee

      Sure, depends on what your strategy is. I love me some GOOGL though :). Best of luck!

  2. Thanks for sharing your recent buys. Like the JNJ pick up of course as they are an amazing dividend paying company. Tech definitely has the growth going forward but it’s just too volatile for my tastes at this time. Always love to read about new pick ups.
    DivHut recently posted…Dividend Income Update November 2016My Profile

    • Greg Gee

      Hey Keith, yeah I know tech isn’t popular in the DGI community. It’s the space I work in every day and work in the FB ads platform etc daily so I feel good investing in companies that I use actively and understand. Cheers!

      • I think I have a good plan of course Google could drop to 500 and I add shares so no telling what will happen. Lots of different things could happen but I’d rather have the dividends as I have BRK.b I think long term that will do excellant. If I were to sell Google now I’d get anywhere depending on which direction I go between 300-450 in dividends a year wich compounded over 10 years wow lol
        Doug recently posted…November DividendsMy Profile

        • Greg Gee

          Hey Doug, True true – gotta go with the approach you feel comfortable with. Best of luck! G

  3. Nice buys. I have been hoping to see JNJ drop below $110. It is definitely on my watch after it’s big pull back from that crazy run up.
    Facebook seems to fall outside of my personal investing preference, at least for now, but it definitely seems like it may be one of those companies that will flourish in the coming years.
    DividendStacker recently posted…Buy & Sell Transactions UpdateMy Profile

    • Greg Gee

      Hey Stacker – Yes, I would hope for it to go under $110 too. I still think it’s a decent long term buy at these levels. Thanks mate!

  4. Hi Greg — I like the JNJ buy and might just sell another put to see if I can get in at $110 or lower. Great pickup! I like tech but I like dividend-paying tech stocks more. So no FB for me at this time. All the best with your investments!

    • Greg Gee

      Hey Ferdis – Absolutely – will hope to average down a bit more. Thanks mate.

  5. Great FB buy! I love the company and obviously use the service (like pretty much everyone else). And they certainly dominate the mobile ad market. I’m watching from afar still debating if I want in.
    Andrew recently posted…How To Become More Confident Like Harvey SpecterMy Profile

    • Greg Gee

      Thanks, I think it’s a no brainer, no debt, undervalued, and a great growth story. One of my main conviction ideas. Time will of course tell. Thanks!

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