Whats up fellas, welcome back to the Dividend Mascot blog =)
Man the market has been on a rodeo bull ride "recovery" lately. Dow Jones topping 27,000+, S&P 500 near 3,200 & guess what.........the NASDAQ has fully recovered to 9,800+ since the recent stock market crash ladies and gentlemen.......unbelievable. I might as well get ready for the bull to enter the rodeo ring again. May have to say my sweet goodbye to the grizzly bear that ive had a wonderful time cuddling with in the woods during this crazy red market, now all i see is green. Personally i dont see a bull market until all 3 markets have fully recovered past there previous highs. Lets see what happens for the market during the second half of 2020. Anyways guys, let go over the dividend income.
Roth IRA
Total: $87.70
Taxable Account
Total: $30.77
Grand total: $118.47
YoY: 44.12%
NEW PAYDAY RECORD: $60.64 - 5/1/20 (T/VZ/GIS)
Purchases: 14 shares of ED
Alright fellas so (ED) Consolidated Edison holding in my Taxable account is now valued over $2,000+, everything went as planned. The taxable account is now approaching $10,000 as the market continues to go green. Soon enough the entire portfolio will be valued over $40,000. I think at this point hitting a $100,000 before 30, (as im 25 right now) its a rap folks. The heavier i scale my holdings and not diversify (or at the very least every few years diversify), the faster the wealth compounds. During the crazy red markets i kept repeating over and over again that i stayed focus and strictly dollar cost average my way through the crash (so beginner investors can see). When the market recovers all those purchases you made during the crash will boost your portfolio even higher. All i care about at this point is scaling heavier and heavier like for example like 100 shares of Clorox, Johnson & Johnson, McDonald's, Kellogg's, Coca-cola, Pepsi, Kimberly-Klark, Proctor & Gamble & more. That is my vision for the future with in the next 5 years and obviously 100+ share holdings in my taxable account as well.
Anyway guys this just a short little update nothing special just boring. Hope you all did well for the month of May with your dividends. Stay safe out there, keep stacking that sweet dividend money, and ill see you guys next time =)
Alright fellas so (ED) Consolidated Edison holding in my Taxable account is now valued over $2,000+, everything went as planned. The taxable account is now approaching $10,000 as the market continues to go green. Soon enough the entire portfolio will be valued over $40,000. I think at this point hitting a $100,000 before 30, (as im 25 right now) its a rap folks. The heavier i scale my holdings and not diversify (or at the very least every few years diversify), the faster the wealth compounds. During the crazy red markets i kept repeating over and over again that i stayed focus and strictly dollar cost average my way through the crash (so beginner investors can see). When the market recovers all those purchases you made during the crash will boost your portfolio even higher. All i care about at this point is scaling heavier and heavier like for example like 100 shares of Clorox, Johnson & Johnson, McDonald's, Kellogg's, Coca-cola, Pepsi, Kimberly-Klark, Proctor & Gamble & more. That is my vision for the future with in the next 5 years and obviously 100+ share holdings in my taxable account as well.
Anyway guys this just a short little update nothing special just boring. Hope you all did well for the month of May with your dividends. Stay safe out there, keep stacking that sweet dividend money, and ill see you guys next time =)
