In this 10K Saving Challenge week, one has me saving $50. 

Looking at the stocks I own it was hard to pick which stock I wanted to put those $50 into. I was also playing with the idea of adding new stocks to my account. After some time, looking at stock profile after stock profile, I felt it was best for me to increase my position in AT&T (NYSE:T). 

There were a lot of strong dividend stocks that I would have liked to have purchased but looking at the price of most of those stocks, $50 was not going to get me much.  

I went back to my position list and found I could get two AT&T shares with only going over my $50 goal by just under $10. I don’t mind spending a little more each time I buy shares because at the end of the day that is just more money I’m putting away for my future. However, I’m also not going to go way overboard, but under $10 is fine with me. 

I spent $58.60 on my two shares of AT&T which works out to be $29.30 per share.  

One of the deciding factors behind AT&T was that their EX-dividend date is on 1/08/21. Any shares that I acquired before that date allow me to receive the dividend payout for that quarter regardless of how long I owned the share. With the dividend pay per share being $.52 at the time of this post, I will get $1.04 paid to me in February instead of waiting until May when their next dividend payment is set. 

Final Thoughts: 

I was limited on what I was able to do this week with the amount being so small. The coming weeks in my 10k Saving Challenge will have greater amount that will allow me to be able acquire a greater number of shares.  

The plan will be to increase my position in my portfolio and also acquire new stocks that will help me reach my target allocation for a more diverse portfolio. 

As always, have a great day and keep learning and moving towards your goals, never stop pushing!