Tuesday, September 19, 12:58 pm EST. I haven’t posted since 9/5. I don’t post regularly when the market is rallying. I just go along and enjoy the ride! I titled my posts of 7/10 “It Appears to be That Time,” and 7/11, “It’s Still Looking Like That Time.” What was I talking about back then? I was saying it looked like the time to be a buyer, and so it was! I did some buying at that time. I’m not a buyer now.
I buy when stock market risk is low, which comes after the market has been selling off for a while. I do not buy into an old rally, when the technical indicators are signaling to me risk is high, which is where this market is at now. I’ve participated in this rally. I’ve profited well, but, then, again, I’m not even in this game for capital appreciation. I invest for the purpose of steadily and safely growing our portfolio dividend income, and our portfolio dividend income is doing just that.
Do I like stock market rallies? I do, but they get in the way of what I am always trying to accomplish, as rising stock prices decrease the dividend yield of any issue I am considering buying. Only as stock prices decline, do stock dividend yields rise, and that is when I want to identify the best among the safe-dividend growers, and accumulate more shares of them.
I’m not in a contest to “beat the market.” That is a fool’s errand! I have a retirement income goal I need to meet. If by my strategy, I attain unto our own personal retirement income goal, what difference would it mean to have “beaten the market”? Are you crazy? Determine what your own retirement income goal is, and invest for the purposes of meeting your own personal retirement income goal, and let the rest do whatever it is they think they need to do to “beat the market.” The heck with that!
Here’s to your successful investing!
Harold F Crowell