Well, now is as good a time as any to write my review of November and post how my picks have fared so far. Our windows are finally in and paid for, so having performed our due diligence with helping to get the economy back on track, I'm able to start buying stocks again. [more]
I'd like to get involved with some sort of direct investment plan + dividend reinvestment plan (also known as "DRIP"). For those of you who don't know what this is, don't worry: I'm new at this as well and I found a great explanation here: http://www.fool.com/school/drips.htm
Basically every month, I'd like to have money from my bank account automatically go to purchase shares directly from some company and any dividends resulting from the stock would also go to purchasing more shares. I figure I need to select a company who's most likely going to be around for a while and ideally offer a dividend.
For reasons I will reveal in a future blog post, I initially selected Diageo (NYSE:DEO) for my DRIP investment. But it appears that I need to be a citizen and/or resident of the UK to purchase shares directly from the company (I am a US citizen). I'm not as excited about Diageo's domestic competitors Brown-Forman (NYSE:BF-B) or Beam (NYSE:BEAM). So instead of Diageo (which I'm happy to buy from my discount broker), I'm considering ExxonMobil (NYSE:XOM) for this DRIP.
I am curious to know if any readers have experience with these types of investment plans and would like to share some tips or advice. [more]
There has been a company I've had my eyes on for quite a while, but when we decided to replace the windows in our house, I began a self-imposed moratorium on investing to make the window payment seem less painful. Well, they've finally finished installing our new windows and not a moment too soon. The day our window contractor left was also the day before the ex-dividend for a special dividend payment that I might as well take advantage of, if I'm going to buy stock in the company anyway.
My stock pick for this month is Vodafone (NASDAQ:VOD) at roughly $29 / share. You probably know Vodafone is a British telecommunications company that controls either a majority share or is at least is a partner network for pretty much every country in Europe. You might even know that they own 45% of Verizon's (NYSE:VZ) wireless network and that they would gladly buy out Verizon's stake in the wireless venture. What you may not know is Vodafone is growing their networks throughout Australia, India, New Zealand, Egypt, South Africa and creating partnership networks in dozens of other developing and emerging markets.
Currently, Vodafone is pursuing a growth strategy focused particularly on Europe, Africa and India. As an investor, I like their aggressive expansion into the emerging economies of Africa and India. Once they've established a foothold, they can continue to grow into adjacent markets across Asia, Africa and potentially South America (they have partnerships with networks in Chile, Central America and through the Caribbean). [more]