I took advantage of a Cisco Systems stock price drop yesterday and bought 100 shares of Cisco Systems stock. I bought 100 CSCO shares back in 2015, however I sold the shares in August last year because I believed the market was going to correct. Well, I was wrong. I’m shocked that markets are still humming along.
I’ve been slowly buying back some of the shares I used to own. Cisco is my latest buy back. I paid $31.16 per share for a total cash allocation of $3,116.21. This latest stock buy will add $116 to my annual forward dividend income. This stock is set to DRIP invest. I made the purchase from the self-directed brokerage section of my employer 401k plan.
After months of limited buys, I’m slowly starting to add new shares and sell more options. It’s good to finally see a little market volatility. Hopefully we’ll see more drastic market swings as the Trump investigation continues.
Have a great weekend everyone.