The markets were fairly subdued ahead of Federal Reserve
commentary, which by the way focused on further Fed intervention.
Market watchers basically labeled the initiatives as QE4.
Looking at some of today's movers, we saw shares of Aetna (
) move higher following the company's guidance for the year ahead.
) also gave some commentary about 2013, but the stock ended lower
following the update. W.W. Grainger (
) shares finished lower following the company's monthly sales
On the earnings side, Joy Global (
) gained 4% on their latest earnings results, while shares of
) ended in the red on their earnings numbers. Finally, bearish
commentary had shares of Seagate Technology (
) and CF Industries (
) pulling lower by the close.
Will Someone Buy My Home When the Time Comes?
I was in CVS the other day and while waiting on line, I
overheard two older gentlemen speaking. Apparently, one of them
just closed on a home in an active adult community. The gentleman
still owns his previous home, which is on the market but hasn't
The fellow went on to mention how he and his wife took a lot of
money out of the home while real estate values were shooting
higher, and if it doesn't sell soon, he will likely try for a short
sale with the bank. There was little concern in his voice and I
found that a bit unusual, as older folks tend to worry a lot more
about their financial situation. Not this guy!
The gentleman had no hesitation about what would happen (his
home selling for far less than he paid for it via short sale, with
the bank taking a big hit). This conversation got me thinking about
others who may be in the same situation: older in age and looking
to downsize, as well as taking some chips off the table when it
comes to money tied up in their home (as many count their home as
their biggest single investment).
I also recently saw a report from the National Association of
Realtors showing the median age of first-time home buyers is 31.
The median income for the average home buyer is $62,400, slightly
above the average mark for older Millennials. In the 1970s, first
time buyers averaged 25 years of age, though unfortunately their
incomes were not detailed. As much as the media pushes the
"American Dream" of owning a home, the financial situation (student
debt, other debts, low salaries, etc.) for a good number of younger
people is quite sketchy.
As we all assess our financial well-being, it is important to
understand the reality of the numbers and not just the message of
what the media is hyping. No one knows your financial situation
better than you, and therefore you must make decisions based on
what your prospects will be in the years ahead, and not what they
have been in years past. Having a bit of liquidity to help you make
financial decisions is essential if you don't want your wealth
building opportunities capped. The next step is putting your money
to work wisely. Sitting in cash or having it tied up in a single
family home that may not rise in value (when you include the true
cost of home ownership) is not the recipe for building wealth in
these current times.
Our 2013 Dividend Stock Guide Has Arrived!
Our new members-only eBook has just been released! This 250-page
guide to investing in 2013 contains a concise economic forecast for
next year, including full previews for 60 big-name stocks! Be sure
to head over to
and download it and get your game plan in place for all good things
dividend-related in 2013!
An Important Note Regarding the Best Dividend Stocks List
We want to make sure everyone understands that the stocks on our
Best Dividend Stocks List
are the names we currently like for new investor capital,
regardless of what date the stock was first recommended on. If and
when a stock is removed from the list, we will clearly state
whether the stock should be sold (which is rare but occasionally
will happen), or simply held in one's account until we see a better
entry point or catalyst.
And here's one last thing to remember about what we do here at
Dividend.com: it's not just the names that we recommend that can
help you build wealth, but also the things we try to steer you away
from that are just as important. Forget about speculative or penny
stocks, chasing unprofitable IPOs, and listening to the manic
talking heads in the business media!
A Dividend Capture Strategy for Active Investors
We now offer complete U.S. dividend data for all
members, so anyone that focuses on "Dividend Capture" trading
strategies should have plenty of good stuff to research each day.
Just check our enhanced
, which is the best in the business, to search for upcoming
Speaking of dividend capture, Dividend.com Premium members can
also access a 9-page report we published on the essential elements
to any successful dividend capture strategy. Be sure to check it
out here on the
Thanks for reading everybody. 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
Created by Dividend.com