In a recent DailyFinance.com article, it was reported the top
20% of the American populace holds roughly 93% of the country's
financial wealth, and the top 1% of the country holds approximately
43% of the money in the U.S. Meanwhile, the middle class (middle
20% of population) holds only 6% of the country's total assets.
It's time for the middle class to start getting money to work
for them, instead of the other way around. Lots of things need to
change, especially when it comes to consumption, spending, and
especially money education. I am hoping readers out there can
spread the word about Dividend.com and what we are trying to push
for individual investors to get started generating new income and
put themselves in a position to have a much, much richer
retirement. Forget about getting mad with Wall Street. It's time to
generate some wealth for yourself, and it doesn't take a fortune to
get started.
Getting back to today's action, we saw a bounceback in the
recently beaten-up financials, with Wells Fargo(
WFC
) , PNC Financial(
PNC
) , and JP Morgan(
JPM
) all finishing higher. Hasbro(
HAS
) had a solid day following the company's Q results. Much of the
focus will be on earnings in the near term, with numerous reports
due out the next three weeks. Many are focusing on Apple (
AAPL
), which is reporting after the bell today, as the momentum crowd
is hoping for the shares to replicate the spike Google (
GOOG
) had on Friday. I just want to caution investors that the action
in momentum names can turn quickly. Don't lose sight of the
terrific year it has been with scores of our Dividend.com
recommended names. Don't blindly gamble away your returns unless
you are willing to become a trader and abandon what has been
working well.
I have seen the ups and downs of being a trader. The traders'
cemetery is littered with brokerage accounts that get torched
following the hot action, and the "never-wrong" stock pundits. Slow
and steady wins the long-term race. Now, there's nothing wrong with
rolling the dice if you are limiting the action to a very small
part of your portfolio if you need to participate, but still, I
would prefer someone to have some traits (discipline, focus,
ability to accept small losses) that can avoid even losing a small
amount of capital.
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
.