Market Wrap-Up for Jan.18 (CMA, PNC, MCD, CAT, DE, QCOM, LMT, more)

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I was reading an interesting article on SmartonMoney.com that listed some common money excuses people use.

Let's go over some of them each day this week.

Excuse #1 - "If I earn interest, I have to pay more taxes."
My Answer: Don't get preoccupied with taxes when it comes to investment returns. For many of us, making more money with our investments should be the goal, not avoiding paying more in taxes by possibly foregoing better investment opportunities.


Excuse #2 - "At my age, it's too late anyway."
My Answer: Don't ever start thinking in this negative way. Remember my dad's barber friend who bought his first house at age 77. That's the right mentality! Compound interest from dividend stocks kicks in sooner than you think, so don't ever tap out.

Excuse #3 - "Why save money? You can't take it with you when you die!"
My Answer: This is normally the rationale for those around us that have racked up the most debt. I personally would rather create a positive legacy rather than one where you burden your loved ones with all your poor financial habits.

Excuse #4 - "We're only young once!"
My Answer: I never stop believing I'm young, and there's no reason to waste money just because you want to stand by an "only young once" mantra. Ask anyone that is in their 30′s and 40′s and they will tell you about being a bit too foolish with money in their early earning days.

Excuse #5 - "But it's only zero percent interest!"
My Answer: Yes, the "free money" myth is super popular when it comes to borrowing these days. But what about the obligation of making monthly payments once you make a big purchase you likely don't need? There's no such thing as free money, regardless of interest rates.

We'll do more of these as the week rolls on. Getting back to the markets, Apple ( AAPL ) shares opened about $20 lower this morning on the Steve Jobs health concerns (as we discussed in yesterday's e-mail). The stock has bounced back a bit following the lower open. Emotions are always high on the first day of the stock's reaction to potentially bad news. As an investor, it pays to remember how stocks react to different news and how best it would be if you just remained on the sidelines for a couple of days, rather than throwing yourself in the middle of tremendous trading volatility.

Shares of Comerica ( CMA ) were lower today following the company's earnings results and news of the company's small bank acquisition, Sterling Bancshares ( SBIB ). Other financials went lower as well, including BlackRock ( BLK ) and PNC Financial ( PNC ). On the flipside, the farming and mininq equipment space continued to propel higher. Caterpillar ( CAT ), Deere ( DE ), and Joy Global ( JOYG ) all lead the way higher. Elsewhere, we saw a bounce in fast-food restaurant plays McDonald's ( MCD ) and Yum Brands ( YUM ). Lastly, Wall Street upgrades helped lift shares of Qualcomm ( QCOM ) and Lockheed Martin ( LMT ).

Please check out DividendMillionaire.com if you are interested in pre-ordering my book "Be a Dividend Millionaire." The e-book is due out in mid-February and the print version will be out May 12. And as always, check out our industry-leading Best Dividend Stocks List for the top dividend names to put money into right now.

Thanks for reading, 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 .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: AAPL , BLK , CAT , CMA , DE

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