Well as usual no week can be smooth and relaxing. Monday was spent recuperating from the weekend in San Antonio and then I started having to wrap things up at the house before heading back to work on Wednesday. And of course they ended up calling us back early and out satellite didn't work so I was fairly absent from the blog world. But things are up and running with work and we're drilling ahead so regular posts will start to come back.
Earlier this week I was struggling with investment ideas and asked you, the readers, for some help coming up with some new ideas. Either the companies that I want to add to my existing position make up too large a portion of my portfolio or seem overvalued. And the companies I wanted to initiate positions in are generally overvalued or at least on the high side of fair value. I can't thank everyone enough. There were some many ideas flowing and it seems like DE is a favorite among many of you so it's moving up near the top of the list of companies I want to do a stock analysis on.
My portfolio is lacking when it comes to the consumer staples which can make for the backbone of a solid dividend growth portfolio. Dividend Growth Investor recommended that I look at General Mills (GIS). I ended up purchasing 35 shares of GIS on Wednesday and I'll get the recent buy post up on Monday. Just some highlights about GIS, dividend contender with 10 consecutive years of dividend growth with 8.7% 10 year DGR and 10.8% 5 year DGR and a 5 year average dividend yield of 3.00%. Expected 5 year annual EPS growth of 7.83%. As I mentioned I have very little exposure to the consumer staples and GIS represents decent value here. Though barring a change in Mr. Markets mood, I plan on just nibbling on some positions and building up some cash while I find better values.
I'd like to thank everyone that visited, commented, and shared anything from Passive-Income-Pursuit this past week. I truly appreciate it so much and the helpfulness and passion that you all have always amazes me.
Now on to the links.
Reaching financial independence before marriage by FI Fighter
Recent transactions and mid week money by Get Financially Integrated
$10,000 worth of dividends (so far) by Compounding Income
Milestone - I'm half a millionaire!! by All About Interest
The Dow Jones Industrial Average closes above 16,000 for first time ever...yawn...snooze by Dividend Mantra
Why FED may never taper by Hello Suckers
Don't take your screeners to seriously by The Dividend Guy
If you're like most Americans, I think you're off your rocker by Create My Independence
Real estate - raising the rent by Write Your Own Reality
International dividend stocks - pros and cons by Dividend Growth Investor
Hope everyone enjoys the rest of their weekend!