For my July purchase I added to my portfolio core. Some of my favorite companies were facing challenging short-term headlines, presenting buying opportunities. JNJ is facing criminal allegations on whether or not they knew about the toxicity of their baby powder. At the same time, 3M is threatened by a trade war with China and a possible … [Read more...]
About me
Current Yield vs. Yield on Cost
Dividend yields in my portfolio range from a low of 1.26% to a high of 6.1%. 6.1% is great, but just because a company only pays out 1.26% doesn’t mean it’s a bad company. The two positions I’m referring to are AT&T and Disney. Disney is only yielding 1.26%, but recently increased its dividend payment by 4.76%. In contrast, AT&T only … [Read more...]
Bear Market
The bear market is almost here! The Nasdaq is nearing "bear" territory; when an index falls over 20% from its high. It has been an absolute bloodbath out there with tech, industrials, and financials leading the collapse. In some cases, growth stocks are facing upwards of 50% in losses. This activity is largely in response to … [Read more...]
Recent Buy: MMM & GSK
Now that the midterms are over, investors have a bit more clarity over what’s coming. The United States now faces a divided government. For investors this means nothing, literally nothing. Because Democrats control the House and Republicans hold the Senate, there’s total gridlock. When nothing gets done businesses can plan strategically for 2 … [Read more...]
2018 Midterm Jitters
In the past few weeks we’ve seem the market become increasingly volatile. At the same time, we had the worst month since 2011. Tech and industrials led the decline. There have been varying reasons for this volatility and turmoil. I’ve heard rising interest rates, weak corporate guidance, and trade to name a few. In my opinion we are … [Read more...]
Trade War?
For the past month we’ve experienced a roller coaster ride of volatility because of a potential trade war. The Trump administration recently slapped broad based 25% tariffs on steel and 10% tariffs on aluminum. Even though most countries are exempt, large trading partners like China are not. China has since responded by adding tariffs to a … [Read more...]