I got curious today, and I asked myself a question… How many of my concentrated holdings are in a bear market? How many are not?
Of my 22 concentrated, safe-dividend growing holdings, I was utterly amazed to learn that even while the major market indexes have all gone into a technically appearing bear market; where their price has declined thru their 50-day and 200-day moving averages, and their 50-day moving averages have turned down and pierced the index’s 200-day moving average in a ‘Death-Cross,’ and the 200-day moving average has turned down… this is not the case with more than one half of my selected issues!
Of my holdings that are in a their own bear market, I would have to include the following 9: AAPL, ABC, AMGN, BLK, DG, GILD, IBM and UNP.
But of these 13, I’d have to say that they are still in their own bull market. Chart these, so as to take a look at how they have been doing: CHD, CMCSA, CNI, COST, CVS, ECL, FDS, HRL, NKE, ROL, ROST, TJX, TSCO and VFC.
It probably should be asked, but I pay so little attention to such a thing, but… does this mean my portfolio is still outperforming the market? Most likely so. It’s not what I pay attention to… I’m all about growing our portfolio dividend income as rapidly and as safely as possible. And that is what I have been able to do.
Now, I’m even more curious… it’s been awhile, but how many of my concentrated holdings are among this market’s leaders? I’ll note that next.
As of 8:00 a.m. EST, the stock futures trading overseas are off by only about 1/10th of 1%, signifying just about nothing really…. keep your powder dry!
Here’s to your successful investing!
Harold F Crowell