I realized a couple of weeks ago that I hadn’t updated any of you about our stock portfolio holdings for about a year. I still dislike stocks and market stats since they seem foreign to me, so Mr. BFS does most of our investing. Here are the current stocks we are investing in, their current dividend yield, and what Mr. BFS said about them:
Bristol Myers Squibb Co (BMY) – 4.19% Yield – “Good drug company that pays a nice dividend.”
Conoco Phillips (COP) – 3.81% Yield – “With the price of oil fluctuating, other companies were spending a lot of money to find new things but COP decided to wait to see what would happen. In the meantime, they are slowing growing their dividend payout too.”
Enterprise Products Partners LP (EPD) – 4.95% Yield – “It’s a Houston energy company that pays a nice dividend.”
Fortescue Metals Group Ltd (FSUMF) – 1.74% Yield – FSUMF mines iron. Mr. BFS thought that since iron is useful in the making of steel, and steel is needed right now, this was a good deal. We’ve held them for more than a year hoping they would close a deal with China, they haven’t yet, but that is still on the table.
General Electric Co (GE) – 3.62% Yield – “Great price at the time with a decent dividend payout.” Over the last year, they cut this dividend but the stock price is slowly climbing.
Intel Corp (INTC) – 3.16% Yield – “Good yield and a solid company.”
Johnson & Johnson (JNJ) – 3.47% Yield – “Bought it at a steal and great payouts.”
Lowe’s Companies Inc (LOW) – 2.08% Yield – “With the housing situation, I thought people would start sprucing up their homes to get them to sell. We didn’t hit the jackpot but we haven’t lost either.”
McDonald’s Corp (MCD) – 2.85% Yield – He also bought it cheap and likes the payout. They have also exploded since we bought in.
People’s United Financial Inc (PBCT) – 5.14% Yield – “They have a fairly good dividend and regional banks are doing very well – better than national banks.”
PepsiCo Inc (PEP) – 3.10% Yield – “Great price at the time and we’re getting an excellent return.”
Sysco Corporation (SYY) – 3.55% Yield – “This was an economic play.” Mr. BFS figured that everybody needs food and the drought that has been happening in the South may be causing a rise in food prices soon.
AT&T Inc (T) – 5.95% Yield – He said they have a great yield and are a huge, solid company.
Thompson Creek Metals Co Inc (TC) – 0% Yield – We invested in Thompson Creek since it’s one of the largest miners of an ore nick-named “Molly”, which is used in the refining of steel. Since China is going through an industrial revolution, Mr. BFS thought that this would do really well too. This still hasn’t happened, but Mr. BFS is hopeful and we aren’t losing anything but opportunity cost while we wait.
So there you go. My 401(k) is in the Vanguard 2035 target date mutual fund and was fully vested before I quit in July 2011, so it’s staying put for now. One of our Roth IRA’s is in the Fidelity 2040 target date mutual fund that I selected and Mr. BFS uses our other Roth IRA to invest in more dividend stocks. We use our Scottrade account to spread out between the ones I listed above.
What are you investing in lately?
**This post is not to be used as a suggestion for investments. This is simply what we own. Make up your own mind and don’t whine to me if something tanks, thanks!**