Stocks went up, then down, then up again. It’s been a weird year and many companies are cheap, but not super cheap. Also, the Fed is planning another rate hike this month. This might drive markets lower. Or it might not. Who knows?
I’ve always struggled with keeping cash on the sidelines. But most of my positions are limit orders this month.
If markets correct, I’ll buy several wonderful companies at a discounted price.
So, without further ado, here are the three investments I’m making this month.
1. McCormick & Company ($MKC)
A core portfolio holding, McCormick & Company makes a wide variety of spices and seasonings.
I’m big fan of this company for several reasons. They have a moat in terms of quality. Put simply, McCormick’s spices taste better than competing products.
Additionally, the company is well-managed — McCormick stock has returned 221% over the past 10 years. The business has also grown their dividend every year for the past 35 years. And, the payout ratio is under 50%.
McCormick & Company is an international play, too.
The business is prominent in Mexico, being one of the main providers of pantry staples like tea and jelly — as well as its incredibly popular line of flavored mayonnaise which is used in most local cuisine.
The safe dividend, emerging market exposure, and fantastic product line are why I’m buying more McCormick & Company shares once they dip below $90.
2. Procter & Gamble ($PG)
Procter & Gamble is one of those investments that’s so obvious and boring, most people overlook it. The company manufactures a wide-range of…