In attempt to streamline my current portfolio I decided to sell all the exchange traded funds I had. The position on those was not significant to begin with and I feel that limited set of dividend oriented stocks is the way to go for now. For this operation I didn’t inject new money but reallocated the funds received.
First I opened a new position on Deere & Co and bought 20 shares for 87,33 USD per share. This was high on my watch list and this reallocation allowed me to open this position sooner than expected. DE seems fairly valued as the P/E is around 10 and it yields about 2.60.
Rest of the money went to strengthen an existing position on Realty Income Corporation. The key factor here was the need to focus on the short term income due to tax reasons as described before so I bought 25 shares for 44,78 USD per share.
Links: http://seekingalpha.com/symbol/DE, http://seekingalpha.com/symbol/O
Current watch list: LMT and weapons & defense sector in general, OHI (REIT, exposure to the healthcare sector), AFL (reasonably priced company and position I plan to add on)