It’s Friday, and a llloooonnnngggg weekend ahead of us here in the US. Thursday was another one of those ‘pop’ opens that sold off most of the day to pretty much give it all back. That’s a negative. Being invested over a long holiday weekend with so much uncertainty in the world… that’s another negative. And, now this: Our pre-openers are off 1% overseas as of 8:00 a.m. EST.
Our next opportunity may soon be coming up. But, that’s precisely what we want to be hoping for!
Did you read my previous post, and the portfolio dividend income increase we registered for each quarter over the past year? That was due to the twin factors of safe-dividend growers increasing our pay over the past 12 months… the average increase of all being 18%, which doubles our income in 4 years time, but also due to any new shares we acquired whenever the market sold down and afforded us an opportunity to grab some more.
We accumulated more shares in our favorite safe-dividend growers one year ago in August, then in October in a big way… and here again, expending nearly all our cash, in just the past 2 weeks. We have harnessed compounding, and our income is on its way to approaching ‘escape velocity,’ as we lift-off toward our first-year retirement income goal!
Here’s to your successful investing!
Harold F Crowell