We woke up to the news this morning that our largest stock
market operator, NYSE Euronext (
) will no longer by owned by an American corporation. The
German-based Deutsche Boerse, which will merge with the NYSE, will
own 60% of the combined group and the former NYSE Euronext
shareholders will own 40% of the combined group. The transaction is
expected to close at the end of 2011.
Clearly, the globalization trend continues, and as many famous
business people have said time and time again, "Everything is for
sale." Whether it's because of a company's inability to execute its
vision or a country that can't control its debt, there is always a
price to pay and unfortunately jobs usually go with it. Things are
changing rapidly in many areas, so my advice is to pay attention
and be ready to act. This is no time to be complacent!
The early action in the overall markets today is negative, but
there are some standouts on the tape on the plus side too. Gap Inc.
) moved higher on news of famous investor Eddie Lampert taking a
stake in the company. Remember, Mr. Lampert was the force behind
the acquisition of Sears Holding (
) that has not actually worked out as well as many had expected.
) closed higher despite the company trimming its forecast due to
inclement weather taking a toll on profits. Marriott International
) and March & McLennan (
) were up following earnings results. Moving lower today were
shares of Annaly Capital (
) after the company announced a secondary offering to sell shares.
Also lower were shares of Omnicom Group (
) following the company's earnings results and news it was lifting
its dividend payout. Shares of Masco (
) were also down 10% following a Wall Street analyst reiterating a
sell rating on the stock.
I had a lot of fun on Gabriel Wisdom's radio show last night,
talking about my new Be a Dividend Millionaire book, several
economic issues, and much more. You can listen to the archive
version of my appearance
(select the "Mon Feb 14 Hour 1″ show). You can skip to the 7-minute
mark for my appearance.
Once of the issues we addressed last night regarded baby
boomers. A recent note from the American Enterprise Institute says
there will be an average of 10,000 baby boomers retiring every day
for the next 20 years. The strain on Social Security will be
intense! The gradual phasing out of the program has already begun,
as we have not seen Social Security increases the last couple of
years. This fact again brings up the need for additional sources of
income for your retirement years. I can't stress enough the
importance for everyone to be proactive, whether you're approaching
retirement now or 30 years from now. Compounding interest is your
biggest friend and dividend stocks can get you results if you get
going and start taking action. Fortunately Dividend.com has been
delivering results since our inception and we continue on our
mission for above-average performance and consistent income
regardless of what type of market we are in.
It's never too early or too late to become a dividend investor.
The key is once you start, you need to stay consistent and keep
money available to put to work for you. Our
"Best Dividend Stocks" List
is there for when you need to spend a few minutes to go shopping
for your next dividend workhorse. Don't count on the government or
your employer to set you up for a remarkable retirement. Take
control, do your own research, and create a comfortable retirement.
It's great to hear from subscribers that have said they are seeing
superb results and for the first time feel like they have an actual
game plan to building wealth. Look around and you will see plenty
of reasons to motivate yourself to invest successfully!
And if you have children, the earlier you can get them to start
saving, the better. A Roth IRA plan is a great way to get started
with them. Your child can tap their Roth contributions to pay for
college, without any federal income tax or penalty. If they can
work their way through school or get some tuition help
(scholarships), they can leave their money in the Roth to grow and
take it out tax-free after they reach 59-1/2. I know it's easier
said than done, but if they invested just $5000 by the time they
turn 19 years of age, and did nothing else but use those funds to
buy dividend stocks and re-invest the dividends, they could end up
with a $325K nest egg by the time they reach retirement age, based
on historical 11% returns for dividend-paying stocks.
Thanks for reading, and I'll see you tomorrow! P.S. Please pass
this post on to someone you think can use some financial
motivation. Thanks again!
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here