Filed under: Microsoft (MSFT), Coca-Cola (KO), PepsiCo (PEP), Sony Corp ADR (SNE), Electronic Arts (ERTS), Activision Inc (ATVI), Nintendo (NTDOY)
I bought two stocks this week. I hope I was correct in buying them. As we all know, the Thanksgiving holiday period isn’t always the best time to purchase shares of companies since trading volume is usually low and price action might be misleading. Nevertheless, I did what I did, and I’ll tell you why.
First up, I bought Coca-Cola (KO). Why did I purchase some of PepsiCo’s (PEP) major competitor? This was the easier of the two decisions. I have a long-term position in Coke, so I wasn’t so worried about a little bad timing. I dollar-cost-average each dividend check back into the stake, thus improving my price basis each and every quarter.
Continue reading Two stock buys: Did I do the right thing?
Two stock buys: Did I do the right thing? originally appeared on BloggingStocks on Sat, 28 Nov 2009 09:40:00 EST. Please see our terms for use of feeds.
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