What another crazy week in the stock market. The price of crude oil continues to slide, causing the price of many great dividend growth stocks to continue to slide. Both Diplomats had extra capital to spend (one much more than the other) to take advantage of the discounts the market has provided us. Which stocks did we buy this week? A few markets, outside of the market as a whole, took a little more of a “goodfellas” beating than others – Canadian Banks, Oil, Mineral/Resource realm.
How crazy is it to think that we are already 5 months in to 2014? We are nearly approaching the halfway mark and I still feel like I was just watching the ball drop. Anyways, as May closes it is time to review my month and to see assess my progress towards my 2014 portfolio goals. The month started out slow for me, but then things took an interesting turn as I made two purchases at the end of the month. With these purchases and some appreciation, I now see my portfolio sitting north of $37,750 with a yield of 4.03%. I am inching closer and closer to $40,000!
Boom! Watch out and get out of the way!! Do you see what’s coming? That’s the dividend income stream picking up more speed and size, each and every step of the way. Today, for our investment topic, I want to talk about Dividend Reinvestment or Dividend ReInvesting Plans.
