The market was a bit all over the place, but traders managed to
get the indices to close in the green by the end of the day.
Buyers showed up in the luxury part of the market, with Polo
Ralph Lauren (
) and Coach (
) rallying. That went hand-in-hand with the rally we saw in credit
card plays, Visa (
) and MasterCard (
). Casino play Wynn Resorts (
) also ran higher. These are super low-yielding dividend plays that
are quite volatile and are not the best candidates for an investor
looking to add dividend yield/income in one's investment portfolio.
They are better suited for the active investor/trader who is
looking for bigger price swings.
Bucking the rally were shares of Boeing (
), which was down on an analyst downgrade. Interesting action in
shares of Tyco International (
) today as the rumored buyer for the company denied serious
interest, but the stock did come off the lows of the day. This will
be an interesting name to watch in the weeks ahead. The potential
buyer certainly doesn't want competitors joining the bidding as
well. That's the funny thing about rumors sometimes. Stories
sometimes leak, but investment bankers seriously don't mind it as
their job to find a seller as many interested parties as possible.
Leaks can sometimes backfire as well if the interested party
decides they will walk. M&A is far from a sure thing and
investors need to pay attention to these situations closely,
especially if you own the shares.
Have you ever considered writing down what your system should be
when it comes to building wealth? One of the biggest things that is
hard for many to do when it comes to reaching a goal is remaining
accountable. The hunt for the "solution" is always exciting when
you are searching for the "secret" to becoming rich. There are
scores of programs in the marketplace today that are designed to
get one started on building wealth, but the thrill is usually gone
when the books and DVDs arrive. The world is full of starters, but
the prize goes to those who are finishers. If you are stuck at the
start (I would equate that to not having an online brokerage
account opened yet), you need to put together a checklist of what
your routine needs to be to make the "magic" start to happen.
The simple task of writing your routine down is what can get you
beyond just staring at the screen and watching the stock ticker and
reading through our
Best Dividend Stocks List
. Put a checklist together of things that need to be put in place.
Many of the processes are one-time events, like opening a brokerage
account or automating how much money will go from your weekly
salary or savings account into your investing account. You should
then pick a day where you will go to Dividend.com and target the
dividend names stocks you will be buying for that particular month.
Put them in your custom watchlist and add your portfolio holdings
in there as well. The goal at a minimum should be to buy one stock
per month. Within a year you can have the 10-12 dividend stocks
that can make up the initial core of your holdings. I'll have more
to discuss about what else can be added to a checklist and we'll
dig further into what should become part of your wealth-building
I have to share a comical and super-ironic moment I had on a
recent radio interview. The host of the show asked me about my
notes regarding the "day-to-day" noise of the media and how that
affects one's approach to investing. Just as I was digging into the
meat of the matter, the music started up in the background and the
host quickly told me it was time to wrap. We all know the drill
when it comes to the media - gotta wrap, thanks for coming on, when
we come back - "Are commodities in for a crash - we'll have two
guests on that will debate this hot topic". Talk about comical and
ironic! It's all about traders now, while real investors take a
backseat. All these issues are certainly things I am thinking about
as we continue to make Dividend.com a highly-trusted brand in
investment research. Our team is doing lots of improvements in the
data we have and are listening to all the suggestions from our
readers on what they would like to see.
Thanks for reading, and I'll see you tomorrow! P.S. Please pass
this e-mail on to someone you think can use some financial
motivation as well as being kept in the financial news loop that
could affect them. Thanks again! And thanks for supporting my
"Be a Dividend Millionaire"
book - be sure to pick up your copy on Amazon today!
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here