Everything Else Falls; Dividends Rise
Dividend Investing, Dividend Growth Investing
Contributor Since 2010
I retired in November 2016 at age 60.
My personal investing goal is to own a portfolio of dividend growth companies such that:
1) The overall portfolio dividend income is sufficient to pay for all of my routine retirement expenses. I do not ever want to be forced to sell something to produce cash, especially when my asset prices are down. [I have no objection to occasionally choosing to sell something to pay for a one-time expense such as a vacation or a gift.]
and
2) The overall portfolio dividend income rises each year by more than the rate of inflation, so that my purchasing power does not erode over time.
I invest primarily in David Fish's lists of Dividend Champions, Dividend Contenders, and Dividend Challengers. See http://www.dripinvesting.org/tools for those lists.
I do not invest in MLP's or BDC's or CEF's or preferreds.
I maintain a free web site that contains dividend histories for all of David Fish's Dividend Champions, Contenders and Challengers: http://www.tessellation.com/dividends
Summary
- S&P 500 falls.
- NASDAQ falls.
- Dividends rise.
The Wall Street Journal reported the following in the Thursday October 11 issue:
Netflix falls by 8.4%.
Amazon.com falls by 6.2%.
Tech stocks in the S&P 500 falls by 4.8%.
Apple falls by 4.6%.
NASDAQ Composite falls by 4.1%.
Communications sector falls by 3.9%.
Consumer discretionary sector falls by 3.7%.
Industrial sector falls by 3.5%.
S&P 500 falls by 3.3%.
Dow Jones Industrial Average falls by 3.1%.
The Wall Street Journal didn't report:
Dividends rise.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.