The markets have started to stumble a bit which is music to my ears. I added to my position in Deere & Company this week as well as continuing to add to my Loyal3 portfolio. I even got a few raises this week as well which is always a welcomed bonus. I'm looking forward to the markets continuing to decline and hopefully open up a lot more value. One company that I'm really interested in right now is Emerson Electric (EMR). I already own a small position in them and would like to add more if the share price dips a little bit. Other companies that I'm interested in are some of the oil majors (Chevron, ExxonMobil, BP) and Coca-Cola, PepsiCo, and YUM Brands. What companies are starting to catch your eye for potential purchases?
I recently stumbled across this quote from Alice Schroeder's biography of Warren Buffett Snowball.
"Warren also spent a lot of his spare time as a child hanging around at his father’s stock brokerage house reading everything he could get his hands on. As a tenth birthday present, he asked his father to take him to the New York Stock Exchange in person. The young Warren was hooked from day one and loved everything the saw and experienced. He decided then and there that he wanted to be rich and set a goal to be a millionaire by the age of 35. This was a reasonably audacious goal for an eleven-year old kid to be making in the middle of The Great Depression but Warren was adamant. Warren said, “Money could make me independent. Then I could do what I wanted with my life. And the biggest thing I wanted was to work for myself. I didn't want other people directing me. The idea of doing what I wanted to every day was important to me."
Who knew that Warren really dreamed of financial independence? I guess I've got a bit more in common with him that I thought. Although I'd rather share his investing genius!
In case you missed them, here's the posts from this past week:
- Weekly Loyal3 Purchases
- I Got a Raise!
- Recent Buy - Nothing Runs Like a Deere
- Income Update - August 2014
Thanks again to all of you that stopped by, commented, or share posts from Passive-Income-Pursuit this past week. I truly appreciate it and can't begin to thank you all.
Now on to the links!
Convenient Narratives by Done By Forty
Seven Ways Our Son is Just Like Me by Income Surfer
The 4% Rule Examined by Dividend Mantra
Recent Stock Purchase - Parker Hannifin (PH) by Retire Before Dad
My Accumulation Portfolio - Getting Back to Basics by Financially Integrated
Selling Puts: Pros and Cons for Dividend Investors by Dividend Growth Investor
The First Mover Advantage by A Wealth of Common Sense
My Dynamic Watchlist by DivGro
Dividend Aristocrats in Focus Part 1 of 54: Stanley Black & Decker by Sure Dividend
The RV Project is Moving Forward by The Dividend Guy
Can a Dividend Aristocrat Really Give You a 2,400% Return Over 25 Years? by The Passive Income Earner
Hope you all have a great weekend!