We are already in the middle of April and I can see spring is slowly coming. Even though the temperature is around 6 Celsius, the sun is shining. Summer is not that far away anymore.
It’s not that easy finding stocks that trade at an undervalued or fair price these days. At least not if one only looks at S&P 500. Luckily, I’m Norwegian so my periscopes are not just set on the US. It’s set on the globe, and we have some great companies here in the Nordic countries too.
However, there are still some great stocks trading close to what I consider fair in the US. To name a few: Hormel Foods Corporation ( HRL), General Mills (GIS), Compass Minerals Inc (CMP), Gilead Science (GILD) or Qualcomm (QCOM).
During April I have done two purchases so far, but what’s even better is that I have already achieved my portfolio goal for 2017 which was adding another 50,000 NOK or $5,863. This is great and will boost my DGI a lot.
Back to my purchases: I have bought 15 shares of Compass Minerals Inc (CMP) at a market price for $66,80. This purchase increases my annual income by $43.20.
Compass Minerals Inc (CMP)
Compass Minerals is a leading producer and marketer of essential minerals, including salt, sulfate of potash specialty fertilizer and magnesium chloride. The share price has fallen due to lower sales in road salt and fertilizer. It’s been fewer “snow events” than what’s normal. This might be because of the higher average temperature around the globe. However, the company is very well driven, and I think it will remain solid for decades.
XACT Nordic High Div Low Vol (UCITS ETF)
My second purchase is XACT Nordic High div Low Vol (UCITS ETF). It´s an ETF tracked by Handelsbanken Nordi Smart Beta Index. The index replicates a combination of the highest yielding and the least volatile single stocks in the Nordic countries. The fund normally distributes dividends in May, and the fee is 0.30 %. The annual yield is around 4%, and the ETF consists of 50 high-quality Nordic stocks that have a low beta. I bought 124 shares at a market price of 101.40 SEK. This corresponds to about $1,450 and increases my annual income by 500 NOK or $58.