We managed to end the week on a positive note as investors/traders got set for this long 3-day holiday weekend break.
Volume began to taper off quite dramatically as the afternoon wore on. Back in my trading days, I would very rarely have too much on the books when it came to light-volume holiday trading scenarios. For investors, it doesn't matter what the day is, it is about scouring through your watchlists and putting capital to work in the best names available.
Looking a bit closer at today's action, we saw CVS Caremark ( CVS ) post gains on news it has won a big pharmacy benefits contract away from Medco Health Solutions ( MHS ). Also moving up nicely on the back of Wall Street upgrades are shares of Entergy ( ETR ), Johnson & Johnson ( JNJ ), and Johnson Controls ( JCI ). Also bouncing back today were shares of Polo Ralph Lauren ( RL ), finishing with an $8 gain. We have been seeing high-end retail rallying strongly this week, with Tiffany's ( TIF ) and Coach ( COH ) shares pushing to all-time highs. A rare sell call pushed shares of Weyerhaeuser ( WY ) to close over 5% lower by the close.
I recently came upon a reality TV show called "Extreme Couponing." It really is an amazing show. Essentially, the individuals documented on the show have made it their business to stock up on numerous supermarket items they can buy for pennies on the dollar using a combination of online, print, in-store, and manufacturer's coupons.
Unbelievable, I've seen astute shoppers on there purchase $500 worth of product for less than $30. Fellow shoppers in the store are always baffled at how the "extreme couponers" are able to save so much money. Many probably don't realize how much work the coupon shoppers put into their craft - more than 20 hours per week in some cases. Clearly, the rewards are pretty darn good when all is said and done.
When it comes to dividend investing, the hardest part is consistently committing capital toward buying stocks that will yield amazing returns as the years go by. If you just put in a sliver of the effort into your investing that the extreme coupon shoppers commit to their work, I'm sure you'll see tremendous results. As time goes by, the compound interest dividend stocks provide can build into a huge nest egg.
I receive emails from readers all the time who have done extremely well in their dividend investing. I'm sometimes envious over the the tens of thousands of dollars in dividend checks per month that some of our older subscribers receive!
When I ask these investors how they've been able to stay the course, they almost always credit a responsible lifestyle and living within their means. Also, they sacrificed having some of their vacation time for the freedom of doing more later in life. Some of them like to spend the day watching CNBC (I'm not sure I would out that on the top of my list, but I get it), others travel, and many are active in their family's lives and in their own careers. Many have made mistakes along the way, but since finding Dividend.com, it means a lot to me to know that we help provide then a sense of security when it comes to their investing - and helping them avoid future mistake.
At Dividend.com, we take great pride in being the key source of investment research for tens of thousands of readers. Our daily e-mail newsletter now reaches over 20,000 readers per day and continues to grow. Next week will mark three years since we debuted our industry-leading DARS™ (Dividend Advantage Ratings System), which is the proprietary method we use to evaluate the attractiveness of dividend stocks. We are continuously working to improve every aspect of our service to ensure continued success for all our devoted subscribers. It has been a great ride so far, seeing the growth of our site, publishing my first book , and also being recognized by legendary personal finance guru Suze Orman in her new book, "The Money Class," where she tells readers about our service and the daily newsletter that she reads.
As we enter the holiday weekend, this is a great time to catch up to any loose ends in your investment portfolio. Be sure to review your brokerage account to make sure everything is in order. And remember, don't hesitate to reach out to your broker if you have any questions about your dividends and the payouts you are receiving. Some of our older readers love getting dividend checks in the mail each month, while others have set up automatic dividend reinvestments, which allows them to accumulate more shares using their incoming dividend payouts.
Don't forget to check out this weekend's upcoming newsletter while you enjoy the long holiday weekend. Also, catch up with our latest watchlist updates this weekend on Dividend.com Premium , including reports on earnings/story stocks, analyst upgrades/downgrades, dividend ETFs, and much more. And as always, you can view our current recommendations on our industry-leading Best Dividend Stocks List . And if you haven't already, be sure to check out "What's New on Dividend.com Premium" post we published earlier this month that outlines all the great new enhancements we've made to our service recently.
Thanks for your support everybody, and thanks for reading my newsletter too! Please pass this on to anyone you think we can get inspired and educated about building wealth and using common sense to do so.
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