Purchase Disclosure: AWR (American States Water Company)

Its been nearly one month since I last updated this blog. I've continued making my weekly contributions to my aggressive Acorns portfolio. I haven't skipped a weekly investment and currently my portfolio is up 1.31% (regular weekly investment since May 3). I like my Vanguard ETF's but as I learn more about investing I want more control of my investments. I've been checking stock quotes on the Robinhood app for awhile and I decided to try it out. I was extremely pleased that I could make an immediate trade after putting in an order to transfer money from my bank. Today I watched AWR trade and I placed a buy order for 1 share at $37.99. I was very pleased with the no commission trade execution from Robinhood.

A little about why I chose to invest in American States Water Company (AWR)

Right now the purpose of my investing is to build my savings over the long term. I don't want to take severe risks. I want to invest in companies that provide necessities because I'm bearish on the US economy in the short term. American States Water Company provides water which is a necessity. This stock offers a quarterly dividend with annual dividend raises. American States Water Company is one of only 18 Dividend Kings. A Dividend King is a company that has offered and raised its dividend distribution each year for 50+ consecutive years. American States Water Company has the longest active dividend streak at 61 consecutive years of raises! The stock currently has a dividend yield of 2.354%. The company is committed to raising the dividend distribution by 5% a year. However, you shouldn't buy a dividend stock just because it has an excellent dividend history. I've thoroughly read the SEC filings and investor presentations on aswater.com and I'm convinced that this company is competently run and will reward me over the long term. I plan on adding more shares to my growing portfolio and will cover news related to this company on my blog.

Disclosure: I am long AWR. I am not a financial advisor. I am not responsible for any investment losses you may incur.