The first month of 2015 has flown by – a volatile month compared to the last few years for sure but just resuming to more ‘normal’ trading ranges. The market is interesting, seems it is trying to cling onto 2000. With all the negativity that suddenly came out the last few weeks, the market still has 2 huge things going for it. Super low interest rates and low energy. I think we’ll grind up once we get through March and looking for a 2200 handle all other things being equal. I am keeping an eye on the USD though, this bad boy looks like he wants to climb higher, it could potentially tip the balance later if it keeps trending higher, we’ll see.
Anyway dividends, so for Jan i brought in a healthy $469.63. This time last year i brought in $463.78. Not a massive difference but there are several reasons for this. First, many of the companies i own actually don’t deliver dividends on January and secondly, my portfolio is quite a bit different to January last year. I also took a hit on ARCP which i am expecting to be rectified sometime. Finally, i bought into a few energy companies where they are either extremely undervalued, very well-run and have been dragged down massively with everything else. Some will likely suspend their dividend in the short-term but these are multi-year plays for me. I’m playing them for capital gains so my dividend income for the 1H ’15 is probably going to be a little on the light side. I’m still targeting $13,000 for the end of this year so we’ll see how this plays out.
Hope you all had a great weekend, more posts on stocks and the market coming up in a few day.