We woke up to the news this morning that our largest stock market operator, NYSE Euronext ( NYX ) will no longer by owned by an American corporation. The German-based Deutsche Boerse, which will merge with the NYSE, will own 60% of the combined group and the former NYSE Euronext shareholders will own 40% of the combined group. The transaction is expected to close at the end of 2011.
Clearly, the globalization trend continues, and as many famous business people have said time and time again, "Everything is for sale." Whether it's because of a company's inability to execute its vision or a country that can't control its debt, there is always a price to pay and unfortunately jobs usually go with it. Things are changing rapidly in many areas, so my advice is to pay attention and be ready to act. This is no time to be complacent!
The early action in the overall markets today is negative, but there are some standouts on the tape on the plus side too. Gap Inc. ( GPS ) moved higher on news of famous investor Eddie Lampert taking a stake in the company. Remember, Mr. Lampert was the force behind the acquisition of Sears Holding ( SHLD ) that has not actually worked out as well as many had expected. FedEx ( FDX ) closed higher despite the company trimming its forecast due to inclement weather taking a toll on profits. Marriott International ( MAR ) and March & McLennan ( MMC ) were up following earnings results. Moving lower today were shares of Annaly Capital ( NLY ) after the company announced a secondary offering to sell shares. Also lower were shares of Omnicom Group ( OMC ) following the company's earnings results and news it was lifting its dividend payout. Shares of Masco ( MAS ) were also down 10% following a Wall Street analyst reiterating a sell rating on the stock.
I had a lot of fun on Gabriel Wisdom's radio show last night, talking about my new Be a Dividend Millionaire book, several economic issues, and much more. You can listen to the archive version of my appearance here (select the "Mon Feb 14 Hour 1″ show). You can skip to the 7-minute mark for my appearance.
Once of the issues we addressed last night regarded baby boomers. A recent note from the American Enterprise Institute says there will be an average of 10,000 baby boomers retiring every day for the next 20 years. The strain on Social Security will be intense! The gradual phasing out of the program has already begun, as we have not seen Social Security increases the last couple of years. This fact again brings up the need for additional sources of income for your retirement years. I can't stress enough the importance for everyone to be proactive, whether you're approaching retirement now or 30 years from now. Compounding interest is your biggest friend and dividend stocks can get you results if you get going and start taking action. Fortunately Dividend.com has been delivering results since our inception and we continue on our mission for above-average performance and consistent income regardless of what type of market we are in.
It's never too early or too late to become a dividend investor. The key is once you start, you need to stay consistent and keep money available to put to work for you. Our "Best Dividend Stocks" List is there for when you need to spend a few minutes to go shopping for your next dividend workhorse. Don't count on the government or your employer to set you up for a remarkable retirement. Take control, do your own research, and create a comfortable retirement. It's great to hear from subscribers that have said they are seeing superb results and for the first time feel like they have an actual game plan to building wealth. Look around and you will see plenty of reasons to motivate yourself to invest successfully!
And if you have children, the earlier you can get them to start saving, the better. A Roth IRA plan is a great way to get started with them. Your child can tap their Roth contributions to pay for college, without any federal income tax or penalty. If they can work their way through school or get some tuition help (scholarships), they can leave their money in the Roth to grow and take it out tax-free after they reach 59-1/2. I know it's easier said than done, but if they invested just $5000 by the time they turn 19 years of age, and did nothing else but use those funds to buy dividend stocks and re-invest the dividends, they could end up with a $325K nest egg by the time they reach retirement age, based on historical 11% returns for dividend-paying stocks.
Thanks for reading, and I'll see you tomorrow! P.S. Please pass this post on to someone you think can use some financial motivation. Thanks again!
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