Tuesday, March 17, 2015

Recent Stock Purchase ($BNS) (Groundhog Day!)

No this is not Groundhog Day. Or perhaps it is...



(Yes, you can start humming I've got you babe from Sonny and Cher)

Today (March 17th) I have made another purchase. I consolidated (again) a position I have in the Financial Sector Allocation of my Portfolio.

I have bought 10 shares of Bank of Nova Scotia (BNS.TO), at 62.60$ a share, for a total cost of 626.00$. 

I now own 50 shares of Bank of Nova Scotia (BNS.TO). My share average cost basis is now 62.72$. (down 0.02$)

The new 10 shares add 27.80$ to my Dividends Passive Income (which has been updated)

My forward 12 month dividends now stands at 2 998.14$. This is still far away from my 4800$ 2015 goal...

The share of Bank of Nova Scotia is down more than 15% from its year high.

If it goes down below 60$, I will have to buy some more again. You can't have too much of a good thing, right?

Like I was saying in another post, part of my strategy -- aside from taking into accounts the ratios (PE, EPS, etc.), dividend history and all that -- consist of buying stocks I already own. (I now own 17 companies). I will therefore have to wait  for a price fallout of at least 10% compare to the stock highest price of the year. (Check out my strategy here). Hence the buy yesterday. 

(Also, I have to mention that I now own MUCH more shares than my girlfriend, which is very important!)

What do you think of my recent purchase (AGAIN)? Are you interested in buying Bank of Nova Scotia (BNS) yourself? (What are you waiting for!)

Full disclosure : I am long BNS.

2 comments:

  1. you know how I feel about your purchase today after our long Twitter conversation! Great job on averaging down and taking advantage of what the market is giving you. You are so close to crossing $3,000 forward income mark. You are one dividend payment or one dividend increase away from crossing the mark.

    Keep up the great work!

    Bert, one of the Dividend Diplomats

    ReplyDelete
  2. Hey Bert! I just saw this morning that one of my stock (PWF) is increasing its dividend (http://www.powerfinancial.com/en/news/press-releases/view/673/) So I just think I crossed the 3K$ income mark.

    Thanks for the kind words.

    ReplyDelete

Thanks a lot for your comment.