More investment: I'm going to purchase three more dividend stocks in April.
Part 3 | Notes from my read-through of The Single Best Investment by Lowell Miller
My life has been full this past month, but I couldn’t go two weeks without sharing an Evan Invests post. So I’ll be brief.
After a couple months of simply optimizing my personal finances and spending time pondering whether Bitcoin is going to increase in price to more than $30,000, I’ve decided to follow the advice of the investing book I’m reading.
Using the framework of The Single Best Investment by Lowell Miller, I’m going to look at investing in three more stocks that pay dividends by the end of April.
And following the advice the the book, I’m going to look at potential stocks through the following lens: Is the stock high quality; does the stock have a high current dividend; and does the stock have a high growth dividend.
High Quality. Does the company have low debt, strong cash flow and creditworthiness? Are the company’s executives generally considered to be excellent and trustworthy? Is the company likely to continue growing?
High Current Dividend Yield. Does the company consistently offer a dividend that is 150 percent to 200 percent the market average for dividends?
High Growth of Dividend Yield. Has the company consistently increased the dividends paid out by its stock in the past?
I’m excited to share with everyone the stocks I’m looking at, and ultimately, the stocks in which I choose to invest. I’m excited to see where this goes.
In this newsletter, Evan Invests, I explore the world of investing from the perspective of the everyday investor by making small investments every month. Follow along with me as I look to grow my wealth through wise money management and making investments in cryptocurrency, index funds, stocks and more.
Let’s take a quick look at how my portfolio has been performing in the past week.
My Portfolio Holdings as of 3/31/23
Apple stock
Rocket Companies stock
Bitcoin
Fidelity 500 Index Fund
Invesco International Small-Mid Company Fund Class R6
Vanguard High Dividend Yield ETF
Vanguard International Dividend Appreciation Index Fund Admiral Shares
Vanguard Mid-Cap Growth Index Fund Admiral Shares
I’ll report back next week.
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