July, oh my..where did you go? I made a few big decisions this month in regards to my current trajectory with dividends. I think i spot an opportunity with a few stocks and have taken some risk to attempt to capitalize on this but…as with everything, the timing is very unpredictable…what i thought would happen hasn’t happened, yet i still feel it will happen. As a result i’ve sold some dividend stocks and bought some options, rolled them out another year or two to try and see where it goes. My dividend income will come down a bit but i should still finish the year up.
I hope that makes some sense ;), anyway July’s dividend tally came in at $605.22, still good but less than July 2015. This takes my annual income to around $8000 right now, with 5 months left i am comfortable i will be around 11-12k$ in dividends by the end of the year and that is a 30% increase over 2015.
The market is churning, media is yelling it is all wrong yet we’re still at the highs. Maybe everything goes to hell in a hand basket later this year, maybe the accustomed rapid moves up are just gone and we’re now in a treacle-like climb to the upside.
Earnings were mixed but not terrible, whether the market should be trading at this level or not is anyone’s guess.
I think tech still looks good especially online FB, GOOG, AMZN and related stocks. Commodities are still getting killed but at some point that will turn – looks like it will probably take longer than anyone may expect. Another one of my commodity stocks finally caved in on dividend payments and slashed which was frustrating but what can you do?
I am thinking about getting back into futures trading again, the volatility makes it significantly easier to work with.
On an unrelated note, I stopped drinking completely since December ’15 after 20 years and to be honest, i’ve never felt better. The first few months were tough but now i don’t even give it a second thought, sleep better, feel better, think better, nothing but positive. Give it a try.