‘May You Live in Interesting Times’
I do not pretend to know what to do (for sure) in this market. The only thing I am sure about is that you are being lied to and COVID19 is Airborne.
As far as the markets, I am in this for the long haul. It would have been nice to bail out early and buy back in later, but I rode it all the way down. However I did make some significant March Moves.
I did feel that at DOW 20,000, it was time to put some capital back into the markets. At that point I had taken about a $374,000 hit, but still put $57,000 back in. That represents about 50% of my available market fodder. I will sit on the second half to see what shakes out over the next couple of weeks.
I did sell off enough to get my $3,000 in tax loses next year. And I do buy dividend stocks whenever my dividends pile up. Lots of seemingly good looking deals out there on blue chips.
Here is my March Moves Dividend Scorecard. By that I mean my New Dividend Gains, Stock Action, and Market Moves for your voyeuristic viewing pleasure.
Compared to last year;
My Dividend tally is slowly creeping toward that Epic Milestone of $1,000/month. My plan is to not stop until I am replacing $1,500/month of paycheck income with passive income from a Dividend Portfolio.
Without further teasing,
I DO NOT buy stocks to have them go up in value and then sell at a profit. That kind of stock market game is not to my taste. It is too hard to try and beat the market, I learned my lessons long ago.
One of the great things about this type of Portfolio is that I am not living and dying with the swings of the market. I do not care much about the day to day ups and downs of the DOW because I am interested in the Dividends, not the market value of the individual stock.
I am a little worried to do my April Net Worth Numbers with the recent bloodbath on Wall Street over Corona Virus fears, but either you believe in the markets long term or you don’t right?
I usually sell off a stock when I am down either more than $400 or 12%. I hoard up these losses to take as a deduction on my taxes. The IRS allows a deduction of up to a $3,000 loss of stock transactions in a given year. What I don’t use, I roll over for future years.
It also turns blood red Bear Markets into nothing other than buying opportunities for New Dividends.
Have faith in the markets, at least for a percentage of your capital.
Last Year, I plowed a total of $42,648 in new money into this portfolio. So far, for 2020 I am at $ 4,267.00
January – I put in $500 cash to my account and accumulated $700.85 in dividends.
February – I put in $500 cash plus $ 370.47 back in.
March – I put in $500 cash plus $1,695.68 in dividends into some new stocks.
My 2020 automatic deposits to this account have been bumped up from $250 to $500/month. Plus all dividends accumulated are used to buy additional shares. I also stuff random amounts of cash into buying more shares whenever the opportunity arises because I am more than a little obsessed. Are you a dividend junkie?