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Weeks like this are exactly why I love diversification. We started the week out strong after Meta Platforms (META) announced earnings, then headed into a Fed meeting where Fed Chair Powell left the door open for a rate cut in
Dividend Harvesting Portfolio Week 179: $17,900 Allocated, $1,638.21 In Projected Dividends
Summary
- The market experienced volatility due to big tech earnings, Fed meeting, and rising unemployment, leading to S&P and Nasdaq declines.
- Dividend Harvesting Portfolio profitability only retraced by 0.81% despite the market downturn, with $61.95 in dividends generated in week 179.
- Portfolio composition includes diverse sectors with a focus on generating recurring income while mitigating downside risk, with REITs under 20%.
I am focused on growth and dividend income. My personal strategy revolves around setting myself up for an easy retirement by creating a portfolio which focuses on compounding dividend income and growth. Dividends are an intricate part of my strategy as I have structured my portfolio to have monthly dividend income which grows through dividend reinvestment and yearly increases. Feel free to reach out to me on Seeking Alpha
Analyst’s Disclosure:I/we have a beneficial long position in the shares of MO, PFE, AIPI, STWD, BTI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Disclaimer: I am not an investment advisor or professional. This article is my own personal opinion and is not meant to be a recommendation of the purchase or sale of stock. The investments and strategies discussed within this article are solely my personal opinions and commentary on the subject. This article has been written for research and educational purposes only. Anything written in this article does not take into account the reader’s particular investment objectives, financial situation, needs, or personal circumstances and is not intended to be specific to you. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters. Just because something may be an enticing investment for myself or someone else, it may not be the correct investment for you.
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