Revealing the true power of dividends
WARNING: You might get addicted to dividend investing
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Tweet of the Week
Coming up on a massive milestone in my financial career. The big $100,000.
I don’t count pension & crypto investments as part of the money I have invested in the market.
At this pace, I should hit $100,000 by the end of September. Then the next $100,000 will come even quicker.
Onwards and upwards.
Weekly Market Update 🗒️💡
Indexes
The S&P 500 finished this past week down 0.3% while the Nasdaq also fell losing 1.9%. This marks the 2nd straight losing week for both indexes and the first time we’ve seen the Nasdaq fall 2 weeks in a row this year.
In other news, the Dow lead the way, adding 0.6% this past week.
Are blue chips the new tech?
Stock Sentiment
Stock market optimism forecasted over the next 6 months dipped to 44.7% from 49%, according to the latest weekly survey from the American Association of Individual Investors.
Should investors be worried? Well, market sentiment is still above the historical average of 37.5% for a 10th straight week, marking the largest stretch of above-average optimism since we saw a 13 week long streak from February-May 2021. Remember those days?
Up up and away!
Bearish sentiment on the other hand rose to 25.5% from 21.3% last week, still remaining below the historical average of 31%.
Investor pessimism remains below average for a 10th consecutive week, marking the longest streak since the 23 week long streak we saw from February-July 2021.
Energy - The S&P Beast
What is going on with energy? It’s pumping, hard.
The best performing sector in the S&P 500, this past week, this entire month and throughout the entire quarter.
In fact, energy is outperforming both technology and the rest of the S&P 500 since June 30th.
There’s tons of opportunity within this sector and I believe it will continue on a magical run throughout the next decade.
Do you own any energy stocks?
Why Dividends Matter
“Dividends are just monthly, quarterly, or annual payments for owning stocks, right?”
WRONG.
Dividends are much more than that.
They’re the sharpest sword you can use in your fight to become the best version of yourself.
While protecting you and your family from any financial hazard.
PLUS:
Never stress about the lack of money ever again. (You’ll have a steady flow of passive income)
Never wish for a wage increase again. (You’ll be the one giving it to yourself)
Never worry that your employer will replace you. (You’ll be the one replacing him)
But to achieve all this?
You need to understand…
The 6 major hidden-in-plain-sight benefits of dividend investing: