Dividend Portfolio Update for July 2024

Once again, volatility has returned to the markets, prompting many investors to sell their stocks in fear. We’re probably due for a correction. The Fed’s efforts to orchestrate a soft landing will likely be challenging, given that their decisions are heavily based on lagging indicators. However, quick adjustments outside of scheduled meetings might mitigate this concern. So bad that investors are conditioned to think this way..

The streets are scrutinizing if the Fed is late in cutting rates, potentially leading us into a recession. Some even argue we may already be in one. I think a mild recession may be necessary to cleanse the markets of speculative excesses that could cause more significant problems in the future.

Inflation has spiraled out of control, and a modest retracement in prices could be beneficial. Perhaps in the coming months, we may find good opportunities to invest in high-quality businesses at more reasonable valuations. Fingers crossed!

Buys and Sells

• Net contributions to portfolio this month: $3,701.81
• Purchased 3 shares of the QQQ’s this month standing at 110/500.

Pass Go Collect Dividends!

• Total divies received for the month: $1,696.21
• Yoy change: 80.4%

Portfolio Snapshot

• Projected annual dividend is up 27.3% yoy.
• YTD Dividend income: $10,018.18

And that’s a wrap! 🤺