From $21,000 in savings to a $22 million dividend portfolio
PLUS 10 principles you can apply yourself
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Tweet of the Week
Weekly Market Update 🗒️💡
Indexes
The Dow Jones finished the week 0.7% higher this past week, while the S&P 500 also gained 0.7%. The Nasdaq led the way advancing 0.9%.
The optimism in the market is in part due to Jerome Powell’s increased confidence in the continued growth of the US.
Mentioning the words “especially robust” consumer spending, Powell says he sees signs of a recovery in the housing market and restated that the central bank is committed to pulling inflation back down to its target of 2%.
The data supports the goal of bringing inflation down, however, the question remains…
“How much suffering is the Fed willing to inflict on the economy in order to do this?”
Only time will tell.
Treasuries
The yield on the 10-year Treasury rose 4 basis points to 4.275%, while the 30-year Treasury rose by more than 1 basis point to 4.319%.
The 2-year Treasury yield hiked more than 6 basis points to 5.08%, which is the highest level since July 6, when it hit 5.12%.
For reference, yields move inversely to prices.
Is energy coming back down?
The energy sector has been on quite some run this year, however as of Thursday of last week, the sector lost 2.4%.
7 of 11 sectors in the S&P 500 were down last week, but technology led the way up 1.7% as of Thursday.
A Snapshot of Nvidia’s Earnings Report
Record revenue of $13.51 billion, up 88% from Q1, up 101% from a year ago
Record Data Center revenue of $10.32 billion, up 141% from Q1, up 171% from a year ago
Nvidia enters back into the trillion-dollar club with a market cap of $1.14 trillion.
From $21 thousand in savings to a $22 million portfolio.
Not only is that possible.
But it’s proven.
Let me tell you the story from the very beginning.
In the early 20th century, a woman named Anne Scheiber embarked on an extraordinary financial journey that would inspire generations of investors to come.
Born in 1893, Anne lived a modest life in New York City. She worked diligently as an auditor for the IRS (Internal Revenue Service), earning a modest income throughout her career.
But Anne's story took an unexpected turn when she retired in 1944 at the age of 51 with just $21 thousand in savings.
While this may sound like a decent sum…
It was hardly enough to live comfortably on for decades.
However, Anne was not an ordinary retiree.
Why?
Because she had a unique vision and a strong determination.
Those set her apart in the world of investing.
But…
Anne's secret to success lies in her unwavering commitment to dividend growth stocks.
She understood that the key to building long-term wealth was not just investing in companies that paid dividends…
But also in those that consistently increased their payouts over time.
With a keen eye for financial analysis…
Anne began her journey by meticulously researching and selecting companies with strong fundamentals and a history of dividend growth.
Year after year, Anne remained persistent in her approach.
She kept investing consistently.
Not even the worst market conditions could stop her.
Because instead of being swayed by the market's ups and downs…
Anne focused on the steady income stream provided by her dividend stocks.
Anne's strategy allowed her portfolio to grow steadily over the years.
As time passed, Anne's investment portfolio began to snowball.
By the time she reached the age of 101?
Her $21 thousand initial investment had grown into a stunning $22 million.
But let me tell you something even more impressive.
Anne’s portfolio generated over $750 thousand in annual dividend income at the time of her passing.
Now, what's most inspiring about Anne's story is her resilience and long-term vision.
She didn't succumb to the temptation of quick riches.
She didn’t panic during market crashes.
Instead, she stuck with her strategy.
Which allowed her wealth to compound over several decades.
Anne is undoubtedly one of the most successful dividend investors of all time.
Now…
Anne’s not around anymore.
But her principles are.
And if you think they’re too old and they’re not working nowadays…
Then you have to realize that investing didn’t change that much since Anne was around.
So…
Let’s see how you can apply the same investing principles to build generational wealth: