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.
What has happened in the last 30 days? Interest rate cut of 0.25, trade tariffs and Target showing the stock market and dividend community that retail is not dead. As we all know, the market can be a very, very volatile ride and each month brings potentially new opportunities. Industries are hot or cold, depending on the place and time of the year, or an earnings beat here or there. Time for us to dive in and see what I’m cooking for my September Dividend Stock Watch List!
Well, I’ll start by addressing the elephant in the room for dividend investors. There isn’t much value out there. Especially as interest rates continue to fall (thanks for the detailed analysis on the impact of interest rates Lanny) . Still, after talking to Lanny on the phone Saturday night about our portfolios, I realized there still are a few companies trading at a discount. So I decided to dust off the Dividend Diplomats Stock Screener and put a watch list together. Here are the three companies on my Dividend Stock Watch List for June and July.
The month of May was absolutely WILD. You could not even tell what was going to happen each day, let alone each hour. Is the new saying – April Rises, brings May Surprises? It does this time around, that’s for sure. The trade tariff discussions, inverted yield curves, interest rate pressure & sensitivity, really have have created opportunities in the stock market. Therefore, as a dividend investor must do, I went on a slight dividend stock purchase spree!
Here we are, sitting a few months into the calendar year and investment opportunities are difficult to come by. However, we are all living and breathing, right? We are all drinking water, eating food and have items in our life to reduce risk of loss, correct? Have you considered that if all else fails and dividend stock opportunities are tough to come by, to invest into an industry that will be around, as long as we are simply, living? That’s the focus of my article today. I really want to get down to basics of what one could invest in if you are afraid of the next pop, the fizzle out of the latest start-up tech company or fall of a once-was retail giant?
I believe it is rally time for the dividend portfolio! The weather is warming up and the appetite is getting anxious to scoop up dividend stocks for the cupboard, that is my portfolio. The goals are high and the dividend income forward projection is begging to be pushed, just a little bit further. I say bring on April and let’s see what’s currently on the radar!