This morning's CPI numbers, which showed that the cost of living
fell 0.3% last month, gave skeptics some fresh ammunition to
question the validity of governmental statistics. I know that gas
prices have been dropping, but the costs of many other goods have
clearly not been. Can it be that it's actually cheaper to get by
now than it was a couple of months ago? I can tell you that most of
my personal expenses continued on their merry up-ticking ways, but
the data must know something we all don't.
Best Buy (
) gave back much of yesterday's rally, as the company extended the
date for its former founder to make a bid. This move has inspired
many investors to head for the exits, as the hope for a buyout seem
to be fading.
) shares finished nearly unchanged after the biotech giant updated
the investment community with news of a hefty dividend hike
(bringing it above 2%). Wall Street analyst calls that moved stocks
included positive commentary on Marathon Petroleum (
) and Deere & Co. (
), while cautious commentary moved stocks like Apple (
) and Ethan Allen (
The Skill Set Needed to Thrive in Investing
If you have ever watched any skilled professional up close to
see how focused they are in their craft regardless of what is going
on around them (think athletes, actors, musicians, trades people,
etc.), you will see the amazing ability they have in being able to
perform under pretty much any circumstances. Now they weren't
necessarily born with such a skill. Unquestionably they worked hard
on it to excel above their peers.
At Dividend.com we go about our day with the same approach.
There are so many events happening on a daily basis that can easily
fluster any market veteran if they lose sight of the big picture.
For individual investors, the distractions are constant. Unless an
individual investor can dedicate themselves to just the markets,
they will likely need to rely on sources they can trust to stay
grounded in their market approach. The problem for the markets,
especially in how the media tackles the daily events, is that they
make for too many swings in emotion.
If you and I are truly to succeed over the long term, we can not
be distracted by every little news blip that is portrayed as
another monumental market-shifting event. The idea is not to ignore
the blips, but to factor how they will really effect the outcome in
the months and years ahead. The market does an admirable job of
pricing in future events sooner than most new investors realize.
Stay focused and let's take it one day at a time. The trip to
building wealth will simply take as long as it takes.
On a separate note, our prayers go out to the families of those
affected in today's tragic news coming out of Newton, Connecticut.
As a parent myself, I can't even imagine what is going through
those families' lives at this moment. All we can do is just
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!
Looking Toward Next Week
Looking ahead to the next week for stocks, we will see earnings
results from the likes of Oracle (
), General Mills (
), FedEx (
), and Nike (
), just to name a few. Throw in the latest economic data and fiscal
cliff updates, and investors will have plenty of news to absorb as
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here