July Inflation, Buying My Largest REIT, Weekly Recap Issue #15

Hey guys! I hope everyone had a great week in the market! It’s been a busy past 10 days for myself and the family. We just got back from spending 10 days in wonderful Houston Texas! Oh I love the south so much! This past week, we saw the markets close in the red. Marking the second week in a row that the markets are coming down. The inflation report for July came back at 3.2% which is lower than expected. This could be a positive sign of pausing interest rates to be considered sooner than later. Overall, the market has been on a great run for the past several months, It’s nice to see a cool down period, maybe just maybe we get a shot at some discounted share prices.

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State Of The Market

Looking at the $SPY on the daily chart.

The SPY is pretty much doing what I’ve expected it to do in the past few weeks. We saw the RSI run hot (70+) a few times in the month of July. The pull back that you see happening in August is the market working off that extreme RSI level. I’m not totally shocked by this. As you can see, the S&P 500 has been on a beautiful run since March. It’s really been great to ride the wave up, but we have to understand that the market is going to move as a cycle and the best approach I believe I can take is to just be ready when the opportunity comes. As a buy and hold investor, I always make it a priority to have some cash ready for when the market decides it wants to pull back. It should be interesting to see what the market wants to do this week, no one knows but like I always say, keep yourself in the game and be ready for the opportunity.

Purchases this week

This week I kept it nice and easy. Adding to my assets that I feel are undervalued and sitting at great prices. All of these positions are long term buy and holds for me and have been trying to make them larger positions in the portfolio. $UPS has been one that I am really focusing on. I know its a large piece of $SCHD which I have many shares, but I just love building my individual positions as well. $O has become my largest real estate position but I’m still adding under $60 a share, I feel that range is a good point of opportunity for the portfolio.

Dividend investing is a great way to build wealth and generate passive income just by owning a share of a company's stock.

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Weekly Tweet Corner

This the concept of this tweet is something I really try to nail home to people. Your daily mindset as an investor is SUPER important. I’m constantly reminding myself that I’m playing this game for the long term, it’s for me for understand that the short term ups and downs of the stock market isn’t a concern. Years and decades from now, everything will be more valuable and more expensive, I truly believe that. Have that conversation with yourself, keep calm knowing this investing thing is a long term commitment. Keep yourself in the game.

I’m super excited to provide this newsletter to you so THANK YOU all for being subscribers.

Until next time. Keep the focus and stay consistent!

-Nick Dividend Investor and Educator

Friendly Disclaimer: This is NOT financial advice. This newsletter and the information included is for fun and entertainment purposes only. Always consult with a professional before making any investments.