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I'm adding shares to three existing positions and opening two brand-new ones.
Every month, I allocate the cash in my brokerage account to a handful of stocks, and August is no exception. I'm adding to three of my existing positions where I see excellent value right now, and am opening two brand-new positions that I'm particularly excited about. Here's a rundown of all five, and why I'm a buyer of each one.
*Stock prices used were the afternoon prices of Aug. 1, 2023. The video was published on Aug. 1, 2023.
Bank of America is an advertising partner of The Ascent, a Motley Fool company. Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. Matthew Frankel, CFP® has positions in Bank of America, Brookfield Corporation, Dream Finders Homes, General Motors, and Wells Fargo. The Motley Fool has positions in and recommends Bank of America, Brookfield Corporation, Dream Finders Homes, PayPal, and Tesla. The Motley Fool recommends Brookfield, General Motors, and Truist Financial and recommends the following options: long January 2025 $25 calls on General Motors and short September 2023 $67.50 puts on PayPal. The Motley Fool has a disclosure policy.
Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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