Stock Sale

Its been a brutal week for stocks with the S&P 500 down more than 6% as of Friday afternoon.  It's weeks like this that make me realize I'm not a typical trader.  Despite all the doom and gloom headlines about the market, I find myself getting excited.  It's not because I'm shorting stocks (making money when stocks go down), it's because these are the absolute best times to buy high-quality dividend stocks at a discount.  It's time to put some cash in my brokerage account because the market is having a Stock Sale!

In today's market there are Billions of dollars that are going in and out of stocks as traders try to make short-term gains on daily movements.  Most of these drastic movements have absolutely nothing to do with the long-term value of a stock, its just a knee-jerk reaction to such things as the Fed manipulating rates or Greece having trouble paying their debts.

As dividend investors, we want to get into dividend paying stocks when the price is depressed since that increases our dividend yield.  This increases the amount of dividends we get paid, which will generate more shares of stock when we reinvest those dividends.

Here are a few company's that went on sale this week:

Aflac (AFL) - Aflac Incorporated provides supplemental health and life insurance.

Closing Price 9/16:   $35.18
Closing Price 9/22:   $32.02
Dividend Yield 9/16:    3.40%
Dividend Yield 9/22:    3.75%

ConocoPhillips (COP) - ConocoPhillips operates as an integrated energy company worldwide

Closing Price 9/16:   $67.29
Closing Price 9/22:   $62.87
Dividend Yield 9/16:    3.92%
Dividend Yield 9/22:    4.20%

Coca-Cola Company (KO) - The Coca-Cola Company manufactures, distributes, and markets nonalcoholic beverages worldwide

Closing Price 9/16:   $71.23
Closing Price 9/22:   $67.82
Dividend Yield 9/16:    2.64%
Dividend Yield 9/22:    2.80%

Paychex, Inc (PAYX) - Paychex, Inc. provides payroll, human resource, and benefits outsourcing solutions for small to medium sized businesses

Closing Price 9/16:   $27.08
Closing Price 9/22:   $25.90
Dividend Yield 9/16:    4.58%
Dividend Yield 9/22:    4.89%

Sysco Corp (SYY) - Sysco Corporation engages in the marketing and distribution of a range of food and related products primarily to the foodservice or food-away-from-home industry

Closing Price 9/16:   $27.40
Closing Price 9/22:   $26.02
Dividend Yield 9/16:    3.79%
Dividend Yield 9/22:    4.00%

During weeks like these I think billionaire Warren Buffett said it best.  "Be fearful when others are greedy, and be greedy when others are fearful."  This looks like a great time to be greedy.

Disclosure I own and am long AFL & COP.  


The above is not a list of recommended buys. You should always do your own research before buying or selling stocks.