While the market continues its bullish run through March and bargains are becoming harder to find, I felt compelled to review the New Life Portfolio before making my next scheduled purchase. Overall, the portfolio is doing well, with an overall 3% capital gain, not including any dividends. Then it hit me…I have 12 stock positions, with a cost basis of $6,400. That averages out to about $533 per position; however, the portfolio is not properly allocated, as my largest position, in terms of cost basis, is Omega Healthcare Inc (OHI) stands at $1,000 basis and my smallest position, AT&T, stands at $64. I also noticed I am very overweight in the Financial sector, as it comprises over a third of my cost basis. This observation led me to decide to increase the positions that I already own.
On March 23, 2016, I purchased 13 shares of AT&T (T) at $38.62 per share, plus $4.95 commission, for a total basis of $507.01. more “Recent Buy- (T)”
The journey to reach Financial Independence, for most, can be a very long drawn-out process, a goal that can very well take years, maybe even decades, to achieve. One could very easily work for 30, sometimes 40 years only to achieve that Independence through retirement pensions or Social Security checks.
Reaching FI can be a long process, and you have to find ways to keep yourself motivated. That is what we have done with our Milestone Achievements List. With every goal we achieve and scratch off the list, we know that we are getting closer and closer to FI and it serves as a major motivational tool. The growths of our Net Worth, New Life Portfolio, and dividend/passive income, as well as debt elimination are the key ingredients to reaching Financial Independence and early retirement.
This post is very special to me as it marks a huge milestone, especially for me. more “Milestone Achievement #8”
The market appears to be recovering from its significant January lows of 15,400. Volatility has calmed down and the market is soaring again, and all is good in the world. Well I don’t know about that last part, but I do know that when markets rise, it can be very difficult to find deals and bargains on good, dividend paying stocks. However, that still did not stop our momentum. I don’t worry or fret over the possible lack of deals when the overall market is up because I do not buy the market, I buy individual stocks, and I believe every stock is its own individual market. Depending on news, individual stocks or certain sectors or industries can move against the market’s current upward trend and create possible opportunities. This is precisely what was happening with our recent purchase.
On March 17, 2016, I purchased 18 shares of Pfizer Inc (PFE) for $29.10 per share, plus $4.95 commission, for a total investment of $528.75.
Pfizer is one of the largest more “Recent Buy- PFE”
The TOL’s really love crossing these achievements off of our Milestones list. As we strike through each goal achieved, it moves us closer and closer to our final goal of Financial Independence.
We’ve paid off a $5,000 credit card bill in a single month, saw our New Life Portfolio cross the $5,000 mark in both value and basis, and we even crossed the $100,000 net worth mark! That’s just a few of the achievements we’ve accomplished on this journey. And now we are proud to announce Milestone Achievement #7! more “Milestone Achievement # 7”