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As you know by now, I make a stock purchase every single month no matter what is going on in the world and despite the doom and gloom headlines. Perhaps I am naive or more of an optimist that we will get through these dark financial times somehow. Either way, I have been busy buying up a little stock this month and was happy to put some fresh and recycled capital to work. I know the only thing in my power is to dollar cost average into my positions buying at near all-time highs while also buying during big-time swoons and staying diversified to mitigate those dividend cuts we have all become familiar with. With that being said, and sticking to my November 2022 stock considerations, I continued to nibble and add to my portfolio:
| Date | Symbol | Description | Quantity | Price | Amount |
|---|---|---|---|---|---|
| 11/28/2022 | VZ | VERIZON COMMUNICATN | 13.0514 | $38.31 | -$500.00 |
| Transactions Total: | -$500.00 |
Clearly, I went very small in November. First, I’m trying to build up a larger cash position for future potential buys, and second, the market has really roared back over the last thirty days making some stocks on my November watch list like Starbucks Corporation (SBUX) and Microsoft Corporation (MSFT) look less appealing. Going into December, it looks like I’ll continue to nibble on VZ and maybe some T as well.
What do you think about my one small buy in November? Are you still buying “like mad” or waiting on the sidelines for better buying opportunities. Please let me know below.
Disclosure: Long VZ, SBUX, MSFT, T
Editor’s Note: The summary bullets for this article were chosen by Seeking Alpha editors.
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