Why I’m BUYING Dividend Stocks Now - ($178k Dividend Portfolio)
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So far in 2024 the stock market is booming with the S&P 500 up 16% year to date. Since the fall 2022 crash, the market has rallied over 50%. There is a massive bull run. So what have I been doing? I took advantage of market hype, specifically around AI, and sold a stock at a 200% gain. This gave me over $18k of cash to redeploy and buy new stocks. I used that, along with new capital, to buy over $20k worth of investments. This was in a high quality dividend growth stock which I plan to own well into the future. In today’s video, I’m going to explain why I sold, what I bought, and the overarching logic which helped me reach that decision. This will include some wisdom from investing legends Warren Buffett and Charlie Munger. Of course, I’ll give you a full update on the progress of my long-term dividend stock portfolio. If you stick around to the end of the video, then I’ll share another growth stock I bought in my Roth IRA which was an additional $3.5k.
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Timestamps:
Overview of Bull Market: 0:00
Overall Portfolio Update: 3:23
What I Sold: 6:24
Everything I Bought: 8:29
Opportunity Cost & When to Sell (Buffett/Munger): 10:26
My $3.5k Roth IRA Buy: 13:30
Special Offer: 14:34
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Dividend Growth Investing provides the ability to create cash flow, without selling your position in a stock. This type of investing has a strong compounding effect when dividends are being reinvested back into your holdings. Over time, Dividend Investing can be your pathway to financial freedom!
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Watch video Why I’m BUYING Dividend Stocks Now - ($178k Dividend Portfolio) online without registration, duration hours minute second in high quality. This video was added by user Dividend Data 28 June 2024, don't forget to share it with your friends and acquaintances, it has been viewed on our site 16,241 once and liked it 717 people.