Hello, hopefully everyone is having a great start to their week. I was lucky enough on last Thursday to buy 10 shares of Apple (AAPL) stock at $105.9875. Apple is a company that I have been thinking about for many months now. I decided to finally dip my toes in and buy shares in Apple.
I could say part of the reason for this buy is FOMO (Fear of Missing Out), but I would like to believe that I did some research on this stock. I have been thinking of Apple as long as I have owned Starbucks, a year and some change. Psychologically I think it puts me in a pretty good position. I will be happy if they have a bad year in 2016 so I can purchase more shares. The P/E ratio is currently at 11.43. Apple has a pay out ratio of 21.3%. A lot of room to grow the dividend over the years.
This is definitely an investment and not a trade for me! I am sure there will be bumps in the road, but I believe in the long term Apple will do great for me. Apple is paying out $2.08 annually which brings me to an annual total of $1,678.41 for divis. $1,321.59 to go to hit the $3k!
The 1.97% yield from Apple isn’t the best for reach this goal. I, however, am willing to make a sacrifice on yield to own part of a company like Apple. I do not have to fear them going out of business over night.
As I am writing this on Monday evening, I am shocked to see BNS under $40 ($39.86) and TD at $38.56. I could average down quite a bit on BNS if it stays in this territory for a few more weeks. I purchased the few TD shares that I own at $39.00. I would most likely average down on BNS if I had to choose between the two but would also like to pick up more shares of TD. I find this a great problem to have though!
I hope everyone has a great rest of the week!