Max Dividends portfolio: month 6 - week 3. Goal $12,000 monthly for 120 months
Monthly Dividends $324.51 | Yield on cost 5.21% | Stocks purchased today 👀
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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
Wall Street Hits More Highs as Gold Shines. While the S&P 500 briefly hit an intraday high before pulling back slightly, the Dow Jones managed to notch another record close, bolstered by robust U.S. retail sales data.
U.S. Markets: Record Closes, but Mixed Performance
The S&P 500 and Dow managed to hit fresh highs during the session, with the Dow benefiting from solid retail data, which fueled hopes of continued economic strength.
The S&P 500 saw mixed performance by the close, still buoyed by consumer strength but somewhat tempered by pullbacks in other sectors.
Meanwhile, small-cap stocks saw a resurgence, with companies like Morgan Stanley, Nvidia, and United Airlines leading the pack. Nvidia, which had dipped the previous day, bounced back, gaining nearly 3.1% as investors once again showed confidence in AI-related stocks.
Asia: Positive Sentiment Thanks to China
On the other side of the globe, Asian markets were trading in positive territory, with a boost from strong economic data out of China. The optimism was driven by solid retail numbers, which hinted at an economic rebound. There was also talk of a potential rate cut from the People's Bank of China (PBoC), further boosting sentiment in the region’s stock markets.
Commodities: Gold Hits All-Time High
The standout story in commodities was gold, which reached an all-time high of $2,708.50 per ounce. Investors rushed to the safe-haven asset due to global uncertainties surrounding the U.S. presidential elections and continued tensions in the Middle East. At the same time, monetary policy easing across various global markets also contributed to the rise in gold prices.
Oil Struggles Amid Middle Eastern Calm
Oil, however, wasn’t having a good day. Brent crude fell by 0.54% to $73.82, while WTI dropped by 0.31% to $70.17. Fears of potential supply disruptions in the Middle East eased, leading to a softer oil market. The anticipated surplus in global supply for next year is also casting a shadow over prices.
Bonds and Money Markets
The Treasury bill market saw bearish trends, with continued liquidity pressures pushing yields up across multiple maturities. FGN bonds in Nigeria showed mixed trading sentiment, but there was sustained demand for some bonds like the February 2031 issue.
Eurobonds
Eurobonds showed mixed sentiment, with profit-taking in sovereign bonds from countries like Nigeria, Angola, and Egypt.
Final Thoughts
A mixed close for U.S. markets, as the Dow pushed to another record while tech stocks like Nvidia showed resilience. Asian markets picked up on positive Chinese data, and gold soared to new heights, reflecting global uncertainty. Oil, however, remained soft, and investors will be watching for more signals from the Federal Reserve as they anticipate future rate cuts.
Max Dividends Portfolio Updates
Today is Friday and this week, I made my regular stock purchases for my dividend portfolios. The total amount invested in my dividend portfolios is ~$194,920.90 .
In September, I received my first significant dividends and reinvested the funds by purchasing more shares. Over time and by exercising patience, I create a dividend snowball effect.
During October I already got $420,17 and is expecting $164,47 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 $11,705 which is $409 more than previous week.
For the last two weeks, my dividend income hiked by $1,034, going from $10,671 to $11,705. Since October started, my dividend income already raised by $1,836.
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.
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Month 6. Week 3 - Companies Purchased Today and All Insights
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