There’s no sleep for the investor on the road to financial freedom! Dividend stock purchase activity was much better in June than May, as the stock market provided better opportunities. We were able to add triple digit dividend income, increasing our passive income source this past month!
May was another fascinating month in the market. The number of green days significantly outnumbered the red days. For our portfolio market values, it was exciting to see. However, from a stock purchase standpoint, it was a little frustrating. As prices appreciated, the number of purchase opportunities slowly faded. Still, as you saw in Lanny’s May purchase article and you’ll see in mine, there were still opportunities to purchase strong, quality dividend growth stocks. Let’s dive right in and view my May dividend stock purchase summary.
May finished off another positive month in the stock market. My dividend stock purchase activity was not as significant, given most companies I want have been rising in price! The market is unpredictable, to say the least. Time to look at my dividend stock purchase activity in May!
April was overall another positive month for the market, after a wild ride down in the mid-to-end of March. There were dividend suspensions across the retail industry and even dividend cuts, including one from a major oil player that did not cut their dividend since the World War days. Time to dive into April’s dividend stock purchase activity!
March was the most interesting month, in quite some time, to say the least. We witnessed many down and up days of over 5%. As I am typing this, the market has had their best 4 day run since 1974, literally 46 years ago. This just goes to show you how low the market hit and even with this, the market is still undervalued. Could this be a teaser upswing, to set us up for the next bear drop? Who knows. What I do know is that the dividend stock purchases continued through the month of March!
I thought the end of February was insane for the market. During that time, I took advantage of some great deals in the stock market. But if March has proven anything to me, it is the importance of why you cannot try to time the market. Each day presents a new set of twists and turns, as more information and details come to light about the coronavirus and those impacted. The most important thing is we all do our best to stay healthy. Like Lanny this week, who wrote about how his family added $230 in dividend income from purchases in February, I also wanted to take some time and summarize my stock purchases from February.
On your journey to financial freedom or financial independence, you have to stay hungry out there. The stock market volatility from the extreme news & outbreak of the Coronavirus (COVID-19) displayed opportunity and one has to be ready to strike on a dividend stock when the price is right. Time to check out my February activity!