Recent Stock Purchase May 2023
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With May ending and the markets giving us better buying opportunities, I decided to add to some of my existing positions. I couldn’t resist some juicy yields, as a result of stock price declines, and decided to deploy a larger tranche this month compared to my small buys in April. Some of you have been unimpressed with my recent buys because I am deploying relatively small amounts of cash. That’s OK. This is how I invest. My preferred method has always been to dollar cost average into stocks. I nibble here and there every month no matter the market conditions. Sometimes my dollars buy me quite a few shares, other times the same amount buys me less. Either way, I am building up my positions and slowly increasing my passive income stream. With that being said here are my buys for May:
| Date | Symbol | Description | Quantity | Amount |
|---|---|---|---|---|
| 05/04/2023 | UGI | U G I CORP | 15 | -$447.98 |
| 05/10/2023 | UGI | U G I CORP | 5 | -$148.65 |
| 05/12/2023 | UGI | U G I CORP | 5 | -$142.75 |
| 05/26/2023 | UGI | U G I CORP | 4 | -$111.84 |
| 05/26/2023 | T | A T & T INC | 6.546 | -$100.00 |
| 05/26/2023 | VZ | VERIZON COMMUNICATION | 2.8722 | -$100.00 |
| Total: | -$1,051.22 |
As you can see I stuck to my May 2023 stock considerations pretty closely. I always like to lay out my potential buys each month as it gives me a general road map of stocks I’d like to add. In all, about $1,000 of fresh capital has been added to my portfolio. These recent buys continue to put me on track toward beating my 2022 dividend income totals. I look forward to seeing what my half-year dividend income will be ending next month as that will give me a clearer view of what to expect towards the end of 2023.
What stocks ave you been buying in May? Please let me know below.
More By This Author:
Dividend Income Update April 2023
Recent Stock Purchase April 2023
Dividend Income Update March 2023
Disclosure: Long UGI, T, VZ
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