Dear readers,
Here I am again with another portfolio update. I have talk in my previous post that I was looking to invest again in BNS but I changed my mind because I saw a better opportunity for June.
So instead of buying more stocks in BNS, I have bought shares of Ally. It's an insurance company in the US which has now a dividend yield at around 4% which is nice as the payout ratio for the company is only around 25% which means they still can pay and increase the dividend in the coming years.
I also saw that Warren Buffet has a position in this company, so it won't be that bad I guess. So why did I buy this company besides the nice yield and payout ratio?
The stock has dropped by 50% which gives this stock a PE of 4,11 which is very low and gives me a buying opportunity and the price can double in the coming years or even short term.
This is a nice example to take advantage of this bear market. I hope the market will now will be this low for some months even years so that I can buy cheap stocks and increase my dividend portfolio at these discount prices :). Not everybody is unhappy about a crash :).
At the end of the month, I will probably invest again in Ally, BX or ABR. I will let you know at the end of the month!
Have great day and happy trading!
TT
Here I am again with another portfolio update. I have talk in my previous post that I was looking to invest again in BNS but I changed my mind because I saw a better opportunity for June.
So instead of buying more stocks in BNS, I have bought shares of Ally. It's an insurance company in the US which has now a dividend yield at around 4% which is nice as the payout ratio for the company is only around 25% which means they still can pay and increase the dividend in the coming years.
I also saw that Warren Buffet has a position in this company, so it won't be that bad I guess. So why did I buy this company besides the nice yield and payout ratio?
The stock has dropped by 50% which gives this stock a PE of 4,11 which is very low and gives me a buying opportunity and the price can double in the coming years or even short term.
This is a nice example to take advantage of this bear market. I hope the market will now will be this low for some months even years so that I can buy cheap stocks and increase my dividend portfolio at these discount prices :). Not everybody is unhappy about a crash :).
At the end of the month, I will probably invest again in Ally, BX or ABR. I will let you know at the end of the month!
Have great day and happy trading!
TT
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