We're very happy to see that our subscribers are increasingly
purchasing Dividend.com Premium subscriptions for their friends and
loved ones in the form of gifts. A gift subscription to our service
is a great idea, but I don't want it to just stop there.
As my kids get older, my goal is to set up time each week to
teach them in easily digestible ways what they need to learn about
money. I'm going to draw the lessons from the
"Learn to be Rich"
section of our site, as well as from our
Of course, I could tell them to just watch the videos, but there
is something to be said when it comes to engaging in a dialogue
directly with your children. I know I'll need some patience, as it
can sometimes take a little time to absorb the rationale for how
money works and what it is spent on and why. Whether you have
children, younger relatives, or anyone that you want to help mentor
about money, the idea is to consistently make time each week or
month and go over one topic at a time.
Growing up as a kid, talking about money never really happened
at my kitchen table. My dad would talk about his day at the barber
shop and if it was busy or slow, but we never got into details on
how much money he made, and how the bills got paid. I had no clue
what our status was financially until my dad bought his first house
at age 36 - that was when we felt like we'd "made it." I don't want
my own kids to be in the dark for most of their early lives about
money, as I was. Please think about doing the same, and you can
start by going through a lot of the material on Dividend.com.
Also, when my book
Be a Dividend Millionaire
comes out (eBook this February, hardcover in May), I'm sure you'll
find it a simple and easy-to-understand read. I purposely made it
that way so almost anyone can get their arms around what it takes
to find ways to save money, then take that money and put it to work
for you. You can go to
for further details on my book.
Looking at today's action, the markets are reacting quite calmly
so far to this morning's monthly jobs number. There were some
modest gains in job growth - certainly less than what some
economists had been predicting. The job market has become
increasingly difficult to navigate, and young people need to
realize that sacrifices will need to be made in order to land a
dream job. Those that excel in their academics will certainly have
a leg up on their competition.
Early on the gold-mining plays had a bit of an uptick on the
somewhat disappointing jobs numbers. Newmont Mining (
) and Agnico-Eagle Mines (
) attempted to regain some of the ground the stocks recently, but
both finished off the morning's highs.
Clearly, the gold trade is a hot area of discussion these days.
Tom (our Editor-in-Chief) and I were talking about the markets
recently, and how for many years commodities were ever rarely
talked about, as gold prices were essentially flat for the better
part of two decades (from the mid-80s to mid-2000s). Back then, it
was much more difficult to participate in the commodity market,
unless you had a deep understanding of how the commodity markets
worked. Traders would rely a tremendous amount on technical data
and most people would rarely spend time in a coin shop to actually
buy gold or silver coins. But with the advent of ETFs, which are
funds that trade like regular stocks, the ability to get acquainted
to commodities has gotten so much easier.
We are now seeing an entire generation of investors that are not
intimidated by the commodity markets. Accessibility is a good thing
and a bad thing, however, as I have been mentioning of late when it
comes to the horde of retail investors that have continued to buy
gold and silver on any pullbacks. Like trading any other security,
investors need to be aware that there will be corrections along the
way. Without any sort of sell discipline, recent buyers could stand
to get a bit of rude welcoming if we get a decent-sized pullback.
If and when it comes, there will be some that abandon the commodity
space for good, but for the long-term that may not be the smartest
strategy. The current investing generation has warmed to
commodities and I can't see that breaking away and going back to
the dormant stage that had been gold and silver for decades.
Getting back to the equities markets, retailers felt the most
pain from the jobs number. Shares of Phillips Van-Heusen (
), Guess (
), and J.C. Penney (
) all led the way lower. Schnitzer Steel (
) took a hit following the company's earnings results. Wall Street
calls are having an impact today as well. CME Group (
) is getting hit hard on some negative comments. Meanwhile, some
positive comments on the transports helped lift shares of Union
) and CSX Corp (
Looking ahead to next week, earnings will still continue to be
light, with notables such as JP Morgan (
), Intel (
) and Lennar (
) set to report. Be sure to catch up with our latest watchlist
updates, including reports on earnings/story stocks, analyst
upgrades/downgrades, dividend ETFs and how all those particular
plays performed on the week. All that will be available this
weekend on Dividend.com Premium, and as always, you can view our
current recommendations on our industry-leading
Best Dividend Stocks List
Have a great weekend everybody and I'll see you on Monday!
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here
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