Early this week I posted about my new trading account that I opened at Sharebuilder and also the advantage plan that I signed up for. I also mentioned about my plan to use this account to invest in stocks that I don’t have any position yet and slowly build them over them over a period of time. Also, as mentioned my plan is to invest at least $1,000 a month to start and then increase it slowly. So based on that approach, I had my first set of automatic investments executed this week.
- AFL – 1.6515 shares @60.54
- KO – 2.3881 shares @41.875
- V – 0.4653 shares @214.9098
I invested a total of $300 ($100 in each stock). It is not much, but definitely a start. I have been looking to invest in these companies for a while now and I also had KO and V in my August watch list. But did not get a chance to invest ~$1,500 in each of them. With the Sharebuilder automatic investment approach, I can build the positions slowly and steadily.
These purchases add $6.14 to my annual dividends. This results in 2.05% yield. The yield is not great, but stocks like V has a lot of growth potential and that is what I am looking for. Over the next course of several weeks/months, I plan to build positions in the above stocks.
Disclosure: Long on KO, V, AFL