The markets had a tough day following the news Standard &
Poor's lowered its outlook for U.S. long-term debt.
Well it should not come as a big shock to investors that the
U.S. is risking this sort of move by a ratings agency. Ben Bernanke
and the Federal Reserve have not been shy about the ability to
print as much money as it takes to kickstart the economy. Look no
further than what we have seen for gold and silver prices leading
up to today's announcement. The inevitable news was never certainly
going to be well-received and I would imagine that we will see
further risk being priced into the markets over the near term. We
made some recommendation changes today,
removing three dividend stocks
we told investors to ring the register on. We will continue to
monitor the markets closely and keep subscribers updated to any
further changes that may be coming.
Earnings reports are going to be heavy this week. M&T Bank (
) and W.W. Grainger (
), bucked the downtrend and finished higher following their
results. On the flipside, we saw some selling in stocks like Eli
) and TD Ameritrade (
) following their earnings numbers. Wall Street downgrades on this
weak market day took a toll on shares of Total (
) and Gap Inc. (
It was quite a weekend for us at Dividend.com as we had a major
server meltdown we had to overcome on Sunday, which had us frantic
for 12 hours working with our hosting company to get us back up on
line as quickly as we could. The hosting company called it an
uncommon hardware glitch on their end, but it made for a tough day.
We are fortunately back and running on a brand new server and
hopefully this will never happen again.
I was checking my
Be a Dividend Millionaire
book status last night and up came a 1-star review from someone who
described me as having a huge ego and being a fraud. "Momma said
they'll be days like this" was so appropriate for yesterday's
theme. You know it can sometimes be a tough thing to get everyone
to understand the investing philosophy of generating income with
dividend-paying stocks. There are going to be individuals that will
fight tooth and nail about what the right investing strategy is and
for this one reader, I must have let him down when it comes to the
idea investing needs to be more complicated than how I paint it.
You can choose to make anything you do in your life more
complicated than it has to be.
My philosophy is beyond just simply buying and selling stocks.
It is to further develop the mindset so you can embrace the
possibility we all can build wealth and have that spill over into
other areas of our lives. People with money don't always
necessarily live the happiest lives, but it sure helps alleviate
the stress of worrying what happens when you don't have money saved
up and invested properly. Everyone thinks about stress and how it
affects those who may have money, but I can tell you it is much
harder for people that are in dire financial situations. People
look at a welfare situation at times and feel like those people
have it made because they don't have to work and can simply
collect. Think of the mindset someone is in when they have to rely
on that check each month to keep their lives from getting any
worse. We all have pride and I know if I was in a bad financial
situation, I would be worried about what direction my life and that
of my family's is going in. Everything is worse when you are poor,
you live in tougher neighborhoods, you don't eat as well, you worry
about the fact you are unable to find work, you are likely to be
less educated, you begin to lose motivation, and eventually hope.
Getting back to my book, could it have been better? It's hard to
say since it was my first book and the vast majority of people that
have bought it and e-mailed me have been happy with it. That said,
everything can be better.
My goal is to have everyone understand investing is more about
just the X's and O's. It's about developing the right mindset and
attitude as well. You have to become persistent and you have to
want to follow through and take action. The results will be there.
I trust we will continue to make the best moves possible to
outperform any other investing strategies over the long term. What
I can't do is make someone take action. Without action, you will
never be able to understand what works and what doesn't. All I can
tell you is that Dividend.com will continue to dig through all the
data and muffle out all the noise to bring you the best results we
I will have two media appearances tomorrow discussing my book as
well as other pertinent investing topics. Here are the details:
WSCL/WSDL-FM (NPR) "2 BOOMER BABES RADIO SHOW" (BALTIMORE) -
This is a 15 minute, taped interview. The interview will be about
investing for the boomers that have never invested and have no
retirement. 2BoomerBabes is about boomer issues and topics such as
coping with aging parents or adult children living in our
basements, romance in mid-life, health, and of course,
WGVU-AM/FM (NPR) "Morning Show with Shelley Irwin" - (Michigan)
- This will be a 15-minute taped interview about my "Be a Dividend
Millionaire Book" and how it relates to the baby boomers. WGVU is
an NPR-affiliate is located in Grand Rapids, MI and reaches over
1.3 million radio listeners from Grand Rapids to the Lakeshore.
I hope everyone had a chance to check out our
members-only weekend articles (while the site was up of course),
including the new features that highlight some of the biggest
winners and losers from the week that was, in regards to analyst
upgrades, downgrades, as well as earnings/story stocks. We also had
a rundown of how various Dividend ETFs performed on the week. Our
expanded dividend data is pretty much all in place so anyone that
focuses on "Dividend Capture" strategies should have plenty of good
stuff to research each day.
Speaking of dividend capture, premium members can now access a
new 9 page report we just released on things an active investor
needs to know when it comes to a dividend capture strategy. Be sure
to check it out!
Thanks for reaching everybody, and I'll see you tomorrow!
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here