Market Wrap-Up for Mar.20 (TIF, DIS, CAT, BHP, JOY, more)

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Headlines about China's economic growth machine slowing down caused a pullback across the global markets today.

The biggest area of the markets to feel those threats was certainly the commodity space. We saw producers and mining equipment plays pulling back, including the likes of BHP Billiton ( BHP ), Caterpillar ( CAT ), and Joy Global ( JOY ). Coal plays were also seeing red as well with Peabody Energy ( BTU ) leading the way lower. Shares of Walt Disney ( DIS ) ended the the day slightly lower following the company's statement it will see a fairly large loss from its box-office flop "John Carter." On the flipside, shares of luxury jewelry retailer Tiffany & Co. ( TIF ) were higher on their earnings results and guidance out this morning.

Who or What is Holding You Back?

When athletes and coaches don't see eye-to-eye, the high-paid athlete can sometimes get their way. Just recently, New York Knicks star Carmelo Anthony expressed his displeasure with the team's current system, which was put in place while Anthony was injured and out of action.

Upon Anthony's return, the team's play deteriorated. Following a series of losses, Coach Mike D'Antoni decided to resign, mid-season. It's highly likely the team was considering a coaching change amid Anthony's criticism, but gave D'Antoni the option to resign.

In the corporate and business world, this scenario almost never happens (although some of us may wish we have the same pull Carmelo Anthony has). Instead, an employee either decides to jump ship or maybe even gets the pink slip if they can't get on the same page with their boss/manager.

There comes a point during these situations where the worker will have to step up and prove they were right all along. In Carmelo's case the answer is simple: if the team starts winning again (they have won their first three games with their interim coach Mike Woodson), he will prove his point. For the rest of us, it comes down to showcasing the skills we believe we have and were maybe being smothered for some reason or another. But it will be on you to eventually prove it, so be ready to "walk the walk" and "talk the talk" as those sayings go.

The Billionaire's Club

Each year Forbes puts out a list of global billionaires. Within this list, we always see changes, but what doesn't change are the traits all billionaires seem to share.

One of the keys to making the elite list is the ability to produce sales. This ability usually stems from a god-given gift of being a natural salesman. Selling is one of the hardest things someone can do to put food on his or her table. These people have made it an art and they know how to keep the sales rolling year after year. They've also got ambition and motivation the succeed in their DNA. I've read plenty of stories on how most of the entrepreneurs came from tougher upbringings and developed a determination to never to go back to those struggles.

These folks are mostly fearless and know that nothing can get sold if one doesn't push a product/service with the same amount of endless energy and enthusiasm each and every day. They study markets that can be improved or develop products/services that make people's lives better. Before they attack a market, they learn it inside and out and are almost always prepared for the curves that are thrown their way.

Most incredibly rich people didn't start out with mega bucks. They achieved their dreams without much capital, let alone VC/Investor money. You'll also notice that very few, if any, traders make this list. If they do, they don't tend to stay on there very long. You can gamble right and catch a good streak, but eventually the trading gods decide to shine down on others and their trading ideas instead.

One last thing: the billionaires who stay on the list year after year are those who continue to invest their money in income-producing assets - including dividend stocks.

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 Dividend.com Premium 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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Go Beyond This Newsletter

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Thanks for reading everybody. I'll see you tomorrow!

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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: BHP , CAT , DIS , JOY , TIF

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