Another month in the books! I don’t know about you guys, but for me it felt like July dragged on forever. Probably because it was brutally hot outside and work was a killer. I’m hoping it starts to cool down a little bit in August, the weather not the market! There was lots of ups and down for stocks this month but I finished the month being up 2.12%! Another solid month for my dividend portfolio. I made $664.77 in gains this month.
This month I initiated a fairly large position ( for me ) in Microsoft. I purchased 18 shares and I’m very happy with my entry point. I have been wanting to buy into Microsoft for awhile now but it seemed that every time I was ready to buy it was back up again. I plan to continue to add to Microsoft during it’s dips.
I also bought 8 shares of McDonald’s this month. This wasn’t a long term growth play for me. I bought after they dropped 4.5% after their earnings report. I’m down almost $4 per share at the moment. It’s safe to say I bought a little early. I bought as a quick trade to make a quick profit, I believe that it will come back up soon and I’ll sell when it does. I may have to hold on to it a little longer than I would have liked originally but that’s part of the game!
With the addition of Microsoft and McDonald’s to my portfolio I have increased my yearly dividends by $54.40! After July, I’m now up $3,783.39 (13.37%) for the year. I received $35.65 in dividends this month bringing my yearly total to $364.71. My average yield is sitting right at 4% exactly where I want it to be.
Here is the newest installment of my dividend portfolio:
How did July go for everyone else?