A couple weeks ago I made some new purchases. The market is pretty crazy right now, so it’s hard to say when the best time to buy is. More conservative traders may want to wait a little longer. I try to make new investments every month to sort of dollar-cost average the broader market. For this investment, I bought 5 shares of Lockheed Martin Corporation (LMT) at $194.39 and 16 shares of Emerson Electric Co. (EMR) at $60.04 per share.
Since these purchases both stocks have had a price drop, so if you are interested in them as well, you can get a better deal than I did.
At the time of writing this, LMT has a PE ratio of 19.07 and a dividend yield of 3.19%. This investment adds $30.00 to my yearly dividend income, and $2.50 to my average monthly income.
EMR has a PE ratio of 18.67 and a dividend yield of 3.3%. This investment adds $30.08 to my yearly dividend income, and $2.51 to my average monthly income.
Putting me at $286.50/$500.00 for the annual passive income goal and $23.87/$100.00 for the monthly passive income goal.
It always sucks seeing investments fall 5 or more percent shortly after making them, but these are long term investments that I’ll see very little difference in outcome by the time I’m living off of them.