Dividend Portfolio Update for August 2023

What an interesting month! We braced for hurricane Hilary this month but turned out to be a windy drizzle. We also had some interesting company earnings especially with NVDA literally flooring me with its results.

The guidance almost look like some silly joke. I have never seen such a massive revenue growth in such a large company ever.

The economy is quite resilient, more so than I had expected. I’m not too surprised. However, I do believe the effects of interest rates are being undermined by many. Signs of cracks are showing up in the data and I believe the dominos will fall where they may.

Yields on cash have become quite attractive, which lead to the decision to take some profits, de-lever, position for better opportunities and potentially prepare for a large purchase.

I don’t expect crazy gains for the next 2 years, but markets never cease to humble you. I am more than happy with the recovery thus far and I couldn’t ask for more for the remainder of this year!

Anyhow, let’s get this quick update on the books!