It looks like the "earnings cliff" we've referenced recently may
be taking precedent over the government's "fiscal cliff" as
investors continue to watch stock prices come in.
Looking at today's action, several earnings results did help
stocks like Home Depot (
), Dicks Sporting Goods (
), and TJX Companies (
) buck the overall downtrend. Microsoft (
) shares were in the news, but the news wasn't good for
shareholders as long-time employee and head of the windows'
division Steven Sinofsky resigned. He had been mentioned in the
circles as potentially the software giant's next CEO. The stock
reacted negatively on the news, falling over 3% by the close. We
did have positive Wall Street commentary helping shares of
) and Qualcomm (
) gain ground.
As always, check out
The Dividend Daily
for our hard-hitting coverage on the latest earnings reports,
analyst moves, and much more.
Dying with $800K in the Bank
I recently read some tidbits about how different people handle
the wealth they accumulated in life. One of the interesting and not
so uncommon ones was someone describing their hard-working parents
who passed away in their 60s, having accumulated $800K in savings.
They wished their parents would have enjoyed their money more,
having driven old cars and not really doing much traveling or
I can relate to this person's feeling as I have seen many in my
family live similar lives, working a long time, living in the same
house for decades, and doing the same routine week after week,
month after month, and on and on. The thing is they were happy (or
maybe I should say "content") with what they accomplished. Being
able to stay in their house, paying their bills, and knowing they
could leave their kids something significant when they were gone -
all these things made them feel like a million bucks. Of course,
that was a different generation.
Fast forward to today, and it's a totally different story. You
won't find nearly as many folks in their 60s these days with big
savings accounts. I ask myself how would the older generations
handle this situation, and my first inclination is they would
simply get by with whatever they had. There would be no fuss about
having the latest technological gadgets, fashions, or newest cars.
If they could do enough to have a roof over their heads and food on
the table, then what's to complain about?
If you think about the time period we live in now, one would
think accumulating wealth should not be much of a problem if one
has a job/income source. After all, all the knowledge you need
about investing is at your fingertips. Decades back, many shied
away from investing in the markets as they didn't pursue the effort
needed to learn about it. Before the internet, the library was the
main source for one to develop a knowledge required to get
comfortable with investing in various assets. That't not an issue
today, but yet, a good number of the most recent generations have
struggled much more than those generations of decades past.
In a way, it all comes down to going back to the basics. Work,
save, pay your bills on time, invest, and use whatever else on
things you'd like to enjoy in the here and now. Not satisfied with
the discretionary monies you have to buy "goodies"? Then you just
have to work more (maybe get a second job) or seek out a new job
that pays more. In order to get a job that pays more, you need to
develop the skills required to reach the next level. That likely
means using some of your free time to get further education in
order to move up.
At the end, it all boils down to the sacrifice you're willing to
make to get all the bases covered in your life. If you want it all,
and there's nothing wrong with that, be ready to pay your dues that
is required in the process. Older generations were able to call
their own shots later in life because they made those sacrifices,
and though we may wonder about their happiness in the end, there's
no question they understood the end game better than many think
they do today.
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
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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