More Buys Amidst the Carnage

Picked some more small stakes over the last few days, but I haven't had time to update the portfolio yet. Added were American Capital Strategies (ACAS), Carnival Cruise Lines (CCL), and Federated Investors 'B' (FII).

Watching the long term trend. Technically, we have not yet entered bear market territory, but it is at the point that I am checking my long term charts daily. Until Mr. Market tells me otherwise, I will grin and bear it!

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Preparing for 2008

This is a good time to make final adjustments for next year's portfolio composition. Added were Eaton (ETN, QDV 15.35%), Greif (GEF, QDV 45.17%), and Steelcase (SCS, QDV 36.32%). We added to our positions in Altria (MO) and Eaton Vance's Global Dividend ETF (ETO) as well.

It's comforting to have a diversified portfolio with an average dividend growth rate of over 20% per year. In the unfortunate event that we have a recession in 2008, the dividends and the defensive tilt of the holdings will make the pain a bit more "bear"-able.

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New Adds - PCU and AEO

We owned Southern Copper (PCU, QDV 29.5%) before and made a lot on it. Well, after the very large pullback, this looks like an entry point for this VERY volatile stock. Also, we have been waiting for a long term entry for American Eagle Outfitters (AEO, QDV 27%) and this looks like the time.

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