Dividend Growth Investor - Investment for October 3rd

Good Morning,

As you know, stocks were down in the month of September, as the bear market accelerated the declines in broader indices. Naturally, this presented me with a lot more opportunities due to valuation. There are plenty of companies that still sell at premium valuations, despite the decline in stock prices. A prime example is McCormick (MKC), which I find not cheap enough today. There are also plenty of companies which have often appeared fairly valued, even during the highs of the bull market. Examples include Bristol-Myers Squibb (BMY).

For this bear market decline, I would try to prioritize investing in companies that are rarely cheap or in value territory. The company I invested in this morning is a prime example of this.

I would try this opportunity to add to existing positions with a small portfolio weight, or initiate positions in new companies.