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100-Stock Dividend Portfolio Update For August 2019

Published Mon, 09 Sep 2019 15:37:31 -0400 on Seeking Alpha

August saw some portfolio restructuring with markets dropping heavily on escalating U.S.-China trade relations before staging a strong comeback at the end of the month.
It's always exciting to review the past month at the beginning of the next one in order to track the development of passive dividend income as well as reflect on the most recent transactions.
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In August, I made a deliberate choice to trim my holdings in growth stocks and redirect more funds towards dividend stocks in order to have more cash available in case the market starts a real correction or bear market. Although the daily swings in August were pretty substantial, it never happened that markets tanked for a couple of consecutive days since before that could have opened some trade chatter from the U.S. government or Trump's Twitter account always emerged sending markets back up.
I also paused my automated savings plans in August in order to raise cash for some tax-related stuff, but I have already reactivated those plans.
Portfolio Changes in August
I sold out of Facebook (FB), trimmed my Alibaba (BABA) and Micron (MU) positions, took some profits on Target (TGT) after its incredibly strong post-earnings rally and sold one Apple (AAPL) share.
Those transactions happened solely in order to invest more funds into dividend stocks although I am very eager to buy back my Alibaba, Micron, and Apple shares as soon as possible.
I invested that money mostly into oil majors BP... Read more