New Dividend Position! Financial Sector Opportunities? Weekly Recap Issue #4

Hey guys! I hope you all had a great week in the market. For me, I was on the road traveling to North Carolina to visit family on my week off from work for spring recess. We saw the markets pretty much stay flat, closing slightly positive for the week. I was able to find some pretty good purchases zones and actually started a new dividend position for my portfolio! Keep reading, you will discover what I’m referring to later on in this issue.

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State Of The Market

Looking at the $SPY on the daily chart.

Pretty similar to where we closed last week, moving up just a tad into that $409 mark. As I stated in previous issues, I use the $SPY to understand the direction of the market. The circled indicator is called the RSI (Relative Strength Index). This indicator will tell us if a company is oversold or overbought at the moment. The closer this indicator gets to 70, the less attractive it is to me as a buyer. I look to buy shares on an extreme cold or close to cold RSI (30 or under). The $SPY has more room to move before hitting that extreme hot RSI (70 or higher). The blue line (over head resistance) is there to show us where the index has been and stopped before. If the $SPY continues to push up this week, we could see it get hung up around that $415 range.

We saw the $SPY finish the week +1.36%. Closing above the 20 day moving and continuing to climb higher.

Sector Highlight

Looking at the $XLF Financial Sector Index Fund

There is still opportunity presenting itself in the financial sector. Price for the $XLF which is the financial sector index fund is still hanging around a good zone, in my opinion. I been patiently watching this sector, I do want to gain more exposure to some financials on a regional level but I feel like I still have plenty of time. When you are building out a solid dividend portfolio, don’t rush. Always be willing to exercise patiently and the opportunities will naturally flow in your direction.

Purchases this week

This will be the section that I share my weekly purchases throughout my investment portfolios. I purposely tend not to share my weekly purchases through my social media because I want to make it exclusive for you as a loyal subscriber to this newsletter. I hope this brings alot of value into your investing journey.

Here are my purchases this past week.

This was an exciting week for me, as I started a new position in my dividend portfolio. $VICI VICI Properties has been a company I’ve been researching for 6 months. I will do a highlight section on this company for next week’s issue, so get ready for that. I only add 1-2 new positions a year into my dividend portfolio so this is really great! Additionally, I continued to add to my position in $SCHD. I’m hoping to build my position in $SCHD to 100 shares by the end of the year!

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

25K FOLLOWERS! HOLY COW!

This week I am dedicating this section to YOU! I am to give a special shout out to all my followers and supporters. We have officially crossed the 25,000 follower mark! This has been just a great experience for me so far and it’s an absolute pleasure to be able to be a point of reference for you and your investing. It makes me extremely thankful and happy to be able to help others become better with their financial situations and start building wealth for themselves and the people around them. THANK YOU ALL!

Thanks so much for reading!

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