Today's sell-off was probably not the market reaction many were
expecting when we entered the trading day with flat futures
following President Obama's re-election victory. Market-watchers
that had been hoping for a subdued reaction to the likelihood
capital gain tax hikes are officially in play certainly were not
pleased with the day's action.
Before we take a look at what was down (much of the stocks we
follow), let's focus on stocks like The Buckle (
) which ended higher following the announcement of a generous
special dividend payout. Also, Time Warner (
) closed higher following the media giant's earnings results. As
for stocks trading lower on earnings, there were plenty, including
Wellpoint Inc. (
), Molson Coors (
), Becton Dickinson (
), Agrium (
), RandGold Resources (
), and Devon Energy (
). Lastly, we know it's a tough day when shares of AT&T (
) closed down over 3%, despite announcing a dividend hike this
Election's Over, Now What?
The Election is now over and regardless of whether you are
satisfied with the results (at national or local levels), we must
all prepare to take the next steps to ensure we can build momentum
going forward. Will the gap between the haves and have-nots narrow
much, if at all? That's one of the questions pundits are going to
be focused on. To that point, I firmly believe that everyone
possesses the ability to improve their financial situation. History
is full of rags-to-riches success stories.
The formula is pretty simple, really: target a career in an area
of growth going forward or build a great business or service, take
the money coming in and methodically buy income-producing assets.
Avoid the get-rich quick schemes and the masses who believe
opportunity is going to come knocking on their door. You have to go
and get it.
Couple this process with living within your means, including
keeping a tight lid on your living expenses. Select a place you can
afford to live and forgo some of the material possessions you don't
yet need. That's called sacrifice, and almost anyone who has built
themselves a fortune will point to many sacrifices along the way as
key factors in their success. Whether you're forgoing some of the
latest fashions or gadgets, or simply working extra long hours, the
road to success is paved with sacrifice.
Finding the right strategy for investing is also essential. Of
course, we feel that dividend investing remains one of the best
possible avenues (albeit being much more selective with the
likelihood of higher tax rates on dividends/cap gains) for the vast
majority of all people out there. Once you've come up with an
investing game plan, putting what you've learned into practice is
the second step. We advocate investors develop a monthly system of
putting money to work in their brokerage accounts. Automate this
process as best you can, so you remove any mental barriers. Embrace
investing as a constant learning process. Be willing to keep an eye
on what your investments are doing. Staying in the loop is an
integral part of growing your money.
Just dabbling in the markets will not get you to where you need
to be. Develop a routine and stick with it! If you have a habit of
jumping in and out of the markets, dividend investing is the best
remedy for that affliction. You'll gain a new perspective on
long-term investing and the power of compound interest.
Dividend investing does not require a special talent, education
level, years of experience, luck, or much money either. It simply
requires a commitment from you as an investor that to keep
consistently put money to work in the best ideas available (that
would be from our Best Dividend Stocks List). It's that simple!
An Important Note Regarding the Best Dividend Stocks List
We want to make sure everyone understands that the stocks on our
Best Dividend Stocks List
are the names we currently like for new investor capital,
regardless of what date the stock was first recommended on. If and
when a stock is removed from the list, we will clearly state
whether the stock should be sold (which is rare but occasionally
will happen), or simply held in one's account until we see a better
entry point or catalyst.
And here's one last thing to remember about what we do here at
Dividend.com: it's not just the names that we recommend that can
help you build wealth, but also the things we try to steer you away
from that are just as important. Forget about speculative or penny
stocks, chasing unprofitable IPOs, and listening to the manic
talking heads in the business media!
A Dividend Capture Strategy for Active Investors
We now offer complete U.S. dividend data for all
members, so anyone that focuses on "Dividend Capture" trading
strategies should have plenty of good stuff to research each day.
Just check our enhanced
, which is the best in the business, to search for upcoming
Speaking of dividend capture, Dividend.com Premium members can
also access a 9-page report we published on the essential elements
to any successful dividend capture strategy. Be sure to check it
out here on the
Thanks for reading everybody. 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
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