It’s scary I know. Watching your hard earned money fluctuate so much every month. But if there is anything I learned over the years is to embrace market corrections to buy quality assets! Market corrections are windows of opportunities to build long term wealth!

Thanks to this market turmoil $10,000 in annual dividend goal is right around the corner!

If it wasn’t for the unexpected invasion of Ukraine that caused energy and food prices to spike, I think deceleration of inflation would have been much quicker. However, the world is riddled with conflicts and unexpecting surprises.

I am optimistic that China will fully re-open and get back to business. War in Ukraine will faze out in time (hopefully soon) as the world continues to work to strengthen and diversify supply chains across the world. I am not worried about Russian oil because I believe it can easily be replaced in 1-2 years. Germany is a trouble spot with dependency on Russian nat gas. However, Germany’s energy crisis can be a positive catalyst for the US. Much needed improvements will come of this moment. It’s quite hard to see things worse 2-3 years from now.

I think many new investors have learned a valuable lesson this year. That high quality assets can be priced so high that it’s risky. Risk is not a function of asset quality.

With that said, lets get this update in the books!

 

Notes

• Markets are doing a lot of the work for the FED’s.
• Looks like consumers are tapped out. Savings rate rapidly dropped to 4.4% as the household credit card debt continues to hit the highs. The last time savings rate was this low was back in September 2008.

• We are finally beginning to see more home listings with price cuts.
• The rise in home prices we have experienced in the last 2 years reminds me of how quickly home prices climbed prior to the financial crisis of 08’. Whatever the reasons that cause such rapid price movements are often never sustainable.
• I expect inflation to moderate towards the latter half of this year.
• I expect fed funds rate to end the year at about 2%-2.5%.

 

Buys and Sells

• Net contributions to portfolio this month: $5,045.67

 

Pass Go Collect Dividends!

• Total dividends generated for the month: $1,127.32

 

Dividend Announcements

None!

 

Portfolio Snapshot

• Monthly dividend is up 21.9% yoy.
• Projected annual dividend is up 49% yoy.
• YTD Dividend income: $4,499.24

Progress is progress however small it may be folks! So long as the direction trends upwards I am a happy camper! It looks like I am slowly breaking more into that $1000 mark! 🎉🎉🎉

And that’s a wrap for the month!