Max Dividends Portfolio: Month 6 - Week 4. Goal $12,000 Monthly for 120 Months
Dividends $4,025.52 | Yield on cost 5.18% | Stocks purchased today 👀
MaxDividends Mission: Help & Support Everyone on the way Retire Early and Live off Dividends
Every Friday, I share with MaxDividends Members my weekly buys in real-time to show my journey toward living off dividends. I focus on high-yield and dividend growth companies to build a solid and growing passive income stream. My goal is $12,000 a month over the next 120 months, and anyone can start doing the same.
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Markets
Tesla stole the show, surging 22% after better-than-expected earnings and an uptick in profit margins, marking its biggest rally since May 2013.
The jump brought Tesla’s market cap to a hefty $836 billion. But it wasn’t all sunny in the tech world – IBM fell 6% after weaker sales in consulting and infrastructure segments.
Macro News
The U.S. PMI data showed resilience, with manufacturing contracting slightly at 47.8, while services were up at 55.3. Over in the UK, PMIs dipped below expectations, hitting 50.3 in manufacturing and 51.8 in services, signaling a possible Q4 slowdown.
Across the Eurozone, it was a mixed bag, with French metrics coming in soft but German numbers looking more robust. U.S. jobless claims for the week ending October 19 fell to 227,000 from 242,000, suggesting the labor market is still holding its own.
Fixed Income
The 10-year Treasury yield hovered around 4.20%, driven by lower crude prices and robust demand in Eurozone bonds. Longer-term yields dropped by more than 5 basis points due to option flows and a large futures trade. This market movement hints at traders hedging and unwinding positions as they wait for the Fed's next move.
Commodities: Oil, Gold, and Iron Ore
Oil slipped by 1%, with Brent crude trading around $74.22 and WTI at $70.01. Oversupply concerns, a bump in U.S. inventories, and weaker Chinese demand kept prices in check despite eased tensions in the Middle East.
Gold, on the other hand, rose by 1% to approximately $2,747.80 per ounce, as safe-haven demand stayed strong due to geopolitical risks. Iron ore hovered around $100 per ton on strong supply from major miners like Fortescue and BHP, despite cost pressures.
Final Thoughts
The day’s activity showed a market grappling with multiple influences: resilient PMIs, fluctuating Treasury yields, and mixed earnings from big players like Tesla and IBM.
With bond yields pushing higher and the USD slipping, there’s potential for continued volatility, especially with global economic uncertainties and upcoming Fed guidance on rate policy. Commodities are also in the spotlight as oil supply concerns persist, while gold attracts safe-haven interest amid geopolitical tensions.
Max Dividends Portfolio Updates
Today is Friday and this week, as usual, I made my regular stock purchases for my dividend portfolios.
My strategy based on MaxDividends concept and is a very lazy one. Most part of the time I just do nothing, watching my dividend income growing.
My dream - live off dividends and share my way to others, because everyone can do the same.
My personal goal - 12,000 monthly as a start point for my family in a 120 months. In this section I share the stocks I bought and concept I follow.
25/10/2024
The total amount invested in my dividend portfolios is ~$203,934.21
Over time and by exercising patience, I create a dividend snowball effect.
During October I already got $484.11 and is expecting $175.72 more. With every dividend that I receive, I am building a nest egg that won't leave. These money will be invested back in November.
My dividend income for today is $12,164.18 which is $459 more than previous week.
For the last three weeks, my dividend income hiked by $1,493, going from $10,671 to $12,164. Since October started, my dividend income already raised by $2,295.
By investing in strong stocks that increase their dividend rates frequently, I enjoy a dividend-compounding effect. Dividends are like a steady stream, of income that helps me fulfill our dreams and every of you know that 😎 .
Each week, I add new purchases to my dividend portfolios, choosing reliable companies that increase dividends over time and grow in value. This way, I benefit from capital appreciation and a constantly growing passive income.
With MaxDividends Top Stocks, Ideas and Tools it is a great way to build your compounding dividend portfolio to produce a growing passive income stream in community of like-minded.
Here’s a breakdown of the stocks I bought today, my plan, and the latest updates on my portfolios. Upgrade to Premium and follow my purchases.
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Month 6. Week 4 - Companies Purchased Today and All Insights
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