A new buy for my Vrijheid Fonds. I averaged down on one of my dividend aristocrats.
The markets are still volatile. And in May I already took advantage of a dip in the market for 3M. Last month I saw again a nice buying opportunity for 3M. And for those who knows me, I’ll rather be on time in the market, then timing the market. So, I couldn’t resist to pull my buy trigger. I averaged down one of the Dividend Aristocrats I own.
Last year I did an analysis of 3M. If you haven’t read my analysis, please take a look at this post about 3M Company (MMM) Stock Analysis Pollie Style – 2018.
Purchase
On August 23rd I bought 4 shares of MMM at $155.78 per share (incl. fees).
With this buyI added almost €9 (after taxes) of projected dividend to my Vrijheid Fonds for 2019. Now I own 25 shares of 3M and this position produces € 111 ($122) after taxes in dividend income annually.
Again, a small step in my journey and one-step closer to my goal.
Has anyone else invested in this company recently? I like to hear from you!
Cheers,
Pollie
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