The Silent Voice Telling You It's Going To Be Okay - September Dividend Income Report

Seeking AlphaDividend StrategyThe Silent Voice Telling You It's Going To Be Okay - September Dividend Income ReportOct. 15, 2020 9:26 AM ET|| Includes: AAPL, ADWPF, ANCUF, BLK, CAE, DIS, ENB, FTS, GNTX, HAS, ITPOF, LAZ, LSDAF, MGA, MSFT, NTIOF, RY, SBUX, SYZLF, TXN, UPS, V, VFCby: The Dividend GuyThe Dividend Guy Dividend Growth RocksA service focused on stocks doubling their payouts within 10 years.SummaryWhen the market started to tumble, I looked at each of my holdings and classified them into three categories.
This simple classification helped me assess the overall risk of my portfolio in the event the lockdown might last for several more months.
My core holdings did very well this year.
In September of 2017, I received slightly over $100K from my former employer, which represented the commuted value of my pension plan. I decided to invest 100% of this money into dividend growth stocks.
Each month, I publish my results. I don't do this to brag. I do this to show you it is possible to build a lasting portfolio during an all-time highly valued market. The market will inevitably go down... as it has lately. But I continue to enjoy cashing consistent and growing dividends despite that negative market action!
During my latest portfolio update, I mentioned the stock market was on a slippery slope after seeing the Nasdaq go down by 5% on September 3rd and futures were heading down on September 4th. I was excited to write that update as I celebrated three years of portfolio updates. Even after a severe market drop the day before I wrote my update, my portfolio was at its highest value ever (considering the value published in my update of course).
As it has been the 2020 main narrative, many uncertainties have been flooding the market. What changed in early October? Not much to be honest. The narrative of an uncertain economy continues to exist in our imagination. The latest news was that COVID-19 has done a pretty strong "back-to-school" comeback and... Read more