Markets bounce back, SOLD 3 positions! Weekly Recap Issue #12

Hey guys! Happy summer vacation to all the educators out there! As many of you know, I’m a Physical Education teacher and we just wrapped up the 2022-2023 school year WOO HOO! I hope everyone had a great week in the markets. The past 5 trading days we saw the markets regain the ground they had lost the week prior and more. The S&P 500 and the Nasdaq both gained about 6% in the month of June, which is the 4th consecutive positive month. 

If you are new here, my goal is to reach financial freedom through dividend investing and rental real estate. I started sharing my journey to help educate and inspire others to do the same. Join me!

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State Of The Market

Looking at the $SPY on the daily chart.

What a beautiful run! It was exciting to see the markets bounce right back the past 5 trading days. As we see on the chart, the RSI (Relative Strength Index) is worked off the 70 RSI we saw the past 2 weeks and continued to push in the positive direction. Last week, the market regained some strength and kept pushing up. We will keep a close eye on the indexes as we get into the month and see what direction of movement is presented to us. We can only react to what the market gives us. The SPY and the QQQ are the two major stock market indexes that I consider when I’m looking for the state of the current market.

Purchases this week

In the past two weeks, I’ve done some spring/summer cleaning in the portfolio that I wanted to share. Recently, I’ve been trying to decide what positions just don’t fit in the portfolio anymore. I’ve been carrying a lot of positions for a long time, so I don’t really feel too bad about letting some go for better opportunities. Here are the moves I made this past week in the portfolio.

SOLD

Honeywell

DOW Inc

VTRS

BOUGHT

Realty Income

I now have 385 shares of Realty Income. I was able to grab a good amount of shares under that $60 mark. VERY happy with this purchase. This has become the largest position in my dividend portfolio. I also decided to stash $4,000 on the side for the next SCHD buying opportunity. Let’s go!

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

And the best part is, it's accessible to anyone - no matter who you are or what your financial background is.

Weekly Tweet Corner

Dividend investing takes time, it’s the get wealthy SLOW game. I’ve been investing in dividend stocks for going on 6 years. I can honestly say, dividend income starts slow but with attention and love it starts to move rather quickly. I remember when I first started, my dividend payments were very small. It was really hard to exercise patience and project the future but I had to. As time went on, my payments became bigger and bigger! before I knew it, years have gone by and those small $7.38 dividends grew to over $100 a quarter. The moral of this story is to inspire you to KEEP GOING! you will find yourself second guessing what you are doing and question if it is even worth your time. I’m telling now, it is worth it! Most importantly, you will thank yourself down the road for the decisions you make now.

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

Until next week. 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.