It wasn't quite the reaction the Federal Reserve may have hoped
for as investors didn't take to the usual buying binge following
today's FOMC meeting commentary. As expected, there was no change
in interest rates.
It will be interesting to see how the markets hold up this week
as numerous IPOs are set to debut within the next couple of days.
Quite frankly, it's been a terrible year for most of the IPOs we've
As for names in the news today, shares of Best Buy (
) were trounced following
the company's earnings miss
. Analysts had been bumping up estimates for BBY lately, expecting
good results from "Black Friday" sales, but investors were
certainly disappointed with the results. We continue to stay away
from BBY shares despite the occasional "value play" argument from
some analysts out there.
Meanwhile, oil prices ran higher amid rumblings in Iran that the
country could consider an oil supply shut-off. This rumor comes as
analysts are out pounding the table
on names like Hess Corp (
) and Marathon Oil (
) just to name a few. Bucking today's selling were a couple of
pharma names we follow, Eli Lilly (
) and Pfizer (
), as investors looked for a place to park some capital during
today's market dip.
Complain or Correct?
Growing up, I used to hear the phrase "action speaks louder than
words" from various authority figures. Teachers would recite the
phrase to students who promised to do their homework "next time."
Parents would tell kids to clean up their rooms if they wanted a
snack, all the while the child would plead of their exhaustion
(from playing!) and that they deserved a treat. Later in life, too,
we encounter the phrase. Perhaps you've asked a boss for a
promotion or raise without any real justification besides "time
served" with the company - and not for the higher quality of work
Many people also tend to voice their complaints publicly, which
is a big mistake. You'll rarely get very far by posting a heated
rant about your boss on Facebook (and in some cases, people
actually get fired as a result). In investing, too, we tend to
point to others for our mistakes. "The guy on TV said to buy this
stock," so you did. Now things haven't worked out, and you're
likely to complain to friends and family about it.
Rather than changing strategies and searching for the real
solution, many tend to stick to the same course of little to no
results. Why is that? It's always easier to point the finger at
something or someone else as the reason investing results have been
as poor as they have been.
One of my favorite stories comes from author/motivational
speaker Zig Ziglar, who talked about how caterpillars would have a
habit of following each other. One day the caterpillars formed in a
circle and kept walking round and round. They eventually died from
starvation, with a food supply of pine needles just inches away.
You see, sometimes the solutions are extremely close to us, but
people just can't seem to make that small step. Opening an online
brokerage account and setting up an automated process to sweep
money into that account is a simple process. Buying the
best dividend stocks
on a regular basis is also very easy to do. Stop complaining.
Forget about excuses. Just do it!
Income, Income, Income
At Dividend.com, we maintain our focus on the best
income-producing investments the markets have to offer during time
of heightened volatility. We want to make sure we have only the
most pullback-resistant names on our
Best Dividend Stocks List
. Also, if we see the market putting in what looks like a decent
bottom, we will be prepared to scale up the list of stocks we like.
Stay tuned and be sure to look for
member alerts along the way. Don't count on the government or your
employer to set you up for a remarkable retirement. Take control,
do your own research, and achieve your goals yourself!
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