Welcome to 2016, quite the ride so far right? I’m not expecting anything different for the 1st quarter. To me, the market is looking interesting in various sectors – gold? commodities? dollar weakening a bit? emotional investors? yes.. bottom? No way to tell. As for dividends, several of my stocks sadly cut their dividend but i still brought in $551.04. Last year i brought in $469.63 so i am happy with my highest january monthly income ever.
I’m taking advantage of the volatility and buying into oversold conditions for a trade then continuing to funnel the profits back into dividend stocks. Unfortunately, many dividend stocks are selling off and cutting their dividend, not ideal, but i’ve seen worse ( 2000, 2008 to name a few ). The market is interesting and unusual right now, i’m an optimist and don’t think we’re going to hell in a hand basket, i’m keeping an eye on the dollar, if the it sells off more and steadies, i think things will chill a bit. Anyway, let’s see how the 1st quarter treats us.
Stay frosty, T.