May has been quite the month for dividends. My tally this month was $3911.24, around a 250% increase over the same month last year. The bulk is attributable to dividends paid out by foreign companies twice a year, for me, some of this came from buying into the panic that was brexit. It pays to watch the herd when things go south. We’ll see how this turns out over the next few years. In the meantime, i sit and wait patiently. My aim right now is to get to $25,000 in dividends asap. I maybe close to it this year but if not, definitely in 2018 then the journey to $50,000 begins – i’ll need to find some swing trades to accelerate the journey.
I’ve focused on keeping the daily trading to a minimum as it eats commission, it’s also hard right now with the way stocks are reacting. The temptation is to think things have run too far and short but you can see how the market violently reverses any down swings, until this changes, i’m sticking with the upside. The upside however ‘feels’ stretched but that is just my gut rather than hard facts. Sticking to the rules rather than emotions.
Focus is still on banks, ags and of course tech. My Alibaba trade last year paid out great but i am out of the position, it could just do an Amazon and keep running but i am waiting to see if a summer dip comes or not. If i miss the next ride up, it isn’t the end of the world, there are always other opportunities.
I hope your investing is treating you well, stick to the plan and be patient.