Dividend Portfolio Update for September 2023

The thought of another black swan event unfolding in our current environment is indeed unsettling. The potential for devastation in the housing market looms, especially if an event occurs where mass job losses force people out of their homes. The prospect of a significant decline in housing prices seems like a probable risk that should not be ignored, given the substantial number of individuals locked into low mortgage rates while current rates being significantly higher.

Although I hold out hope that the Federal Reserve will be successful in architecting a soft landing, their historical track record does little to instill confidence. Nonetheless, as long as we can steer clear of any major disruptive events that could rock the economy, I anticipate a period of relatively stable sideways movement for the next few years.

This feels like a moment to exercise caution and position ourselves for potential life changing opportunities that may arise once again.

Other than my thoughts related to the markets and the economy, I learned that Birria tacos are not something you make at home. Too much trouble to make!

But wow is it good! We made oxtail and tri-tip Birria Tacos w/ consume.