In recent weeks several clouds of uncertainty have dissipated. We now have a handful of strong vaccine candidates ready to distribute in the near future. These vaccines have upwards of a 90% effective rate, allowing us to end the pandemic in 2021. We also got past the chaotic 2020 election with a deeply divided government. … [Read more...]
Clouds of Uncertainty
It’s been a busy couple of months and more than a month since my last update. I ended off by discussing my recent purchase of Public Storage (PSA). I then followed up by purchasing Realty Income (O). Because of the zero-dollar commissions I was able to average into these two stocks on a daily basis. But again, it has been a … [Read more...]
Apple: King of the Dow
The coronavirus continues to ravage the U.S. economy. Cases are still largely rising in parts of the south and some states have even paused their reopening plans. Needless to say, the economy may take a bit longer to recover. Even so, there are certainly bright spots in the market. Some big tech firms are defying the trend … [Read more...]
Dividend Income Safe – For Now
In my last post I discussed how a large chunk of my personal wealth evaporated in weeks. The virus shut down the economy and ravaged all our stock portfolios. Thankfully, there was a rapid, but partial recovery. The Dow seems to have stabilized in the 23-24,000 point range. This is largely due to a “flattening” of the curve … [Read more...]
Coronavirus Batters Stocks
Sooner or later we were bound to have a nasty correction. I wasn’t sure what the catalyst would be, but I knew it was coming. We discussed, in subsequent posts, how I thought it might have to do with politics. Instead, a novel virus with origins in Wuhan, China has spread across the world. Thankfully, China now appears to … [Read more...]