Saving log - $4 tip box
Spending log - $1.70 coffee + $9 lunch + $18 groceries
The 2000$ worth of MMM was bought a couple of days ago. It wasn't bought at the lowest point (+$70), but it was lower than my previous average (+$71/share), and due to the dollar cost averaging my original average is at the very low end of the 52 week spread ($67 - $97) so the purchase lowered it even more. It was a win.
Right now I've stopped buying shares of KO. That stock is going down along with everything else, but my buying average is ($41/share), so I'll buy when it goes down to that.
I also bought $100 more of IP, so I have more than 25 shares and I can switch to dividend reinvestment. I don't have enough of it to figure out a buying average, so for that one, its just simple dollar cost averaging. Buy $50/ month for a few years and see how you do.
I'm also in the process of buying $100 more of MI. Its a regional bank, and dropped like a rock like all the rest of them, so that one frightens me a bit. I'll decide on buying that month to month. I should just take the emotion out of it, but I worry. Some banks have to survive this credit crisis, but not all of them do.
stocks in July
July 11th, 2008 at 04:41 am
July 11th, 2008 at 05:07 pm 1215796051
July 11th, 2008 at 06:30 pm 1215801055
I'd be a bit leery of the regional bank as well. I assume you've looked into their numbers to check for sustainability.
If it makes you feel any better, Berkshire's current largest position right now is in financials. Ok, here's his latest holdings.