Road To Financial Independence: New Dividend Record In March
We all love records, and March was a record month, as for the very first time I was able to hit $400 in dividend income, the next milestone reached on my long journey towards financial independence.
Markets were rallying strongly in March and posting one of their best performances ever since the financial crisis. With stocks having not only recovered from the lows set on Christmas Eve, but also many having set new all-time highs, this naturally reduces the number of attractive buying opportunities.
However, in a stock market consisting of thousands of equities, there are always some stocks that are appealing. Following some strong income in the first quarter from dividends and my writing, I was able to deploy more than expected fresh capital.
Portfolio Changes | 9 repurchases, 1 trim
I deployed net capital of around $1,300 in March, but did not buy any new holding. Instead I deployed capital into existing holdings and took some profits with Momo (Nasdaq: MOMO), however, too early as it turned out.
Given that transaction fees are no real issue, I made a couple of smaller purchases, broken down as follows:
Wirecard (OTCPK: WRCDF): Following a very positive interim fraud report, the stock initially rallied 30% only to be dragged down by another Financial Times article, which, I have to admit, looks to have more substance than the previous ones. However, in total, even if fraud will be found, which I highly doubt, the only thing which matters is the magnitude. So... Read more