SCHD GOAL! Tech is on FIRE, Weekly Recap Issue #9

Hey guys! I hope everyone had a great week. The market saw some movement through out the week in the $SPY, $QQQ and $IWM. We had some dividends roll in this past week and also made some purchases. Growing the portfolio week by week! That’s how I’ve always done it. I also hit some goals in the portfolio which I will get into later on in this issue.

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!

Thanks for taking a few minutes to read my newsletter. I truly appreciate your support. It keeps me going every day.

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State Of The Market

Looking at the $QQQ on the daily chart.

We usually look at the $SPY under this section of the newsletter, but I wanted to showcase the $QQQ and the technology sector in the current state of the market. We saw the $QQQ continue to push higher, finishing the week up 3.53% at $336.51. The blue line shows the previous level of resistance at $332 and with all the movement, it broke through and kept going and going. The technology sector has been on an incredible run since the start of 2023. Year to date, the $QQQ is up 26.37%. Compared to the $SPY S&P 500 up 9.46%.

By looking at the chart, we see the QQQ is running a hot RSI (71) so I wouldn’t be totally shocked to see the Q’s cool down this coming week. I also wouldn’t be shocked to see it keep going. If you look at the chart, the last time the $QQQ had a hot RSI it started to pull back then took off again, so we will see what happens. Like I always say, no one knows where the market is going or what will happen. The best thing we can do is be ready and react to what we see.

Purchases this week

For the past 3 months I’ve been so focused on building this position in $SCHD. For my first 5 years as an investor, I build out my portfolio with individual companies. I loved the process of reading about the company, knowing the history and researching the products. It really made me feel like I was taking ownership of something. The reason I wanted to add $SCHD into the mix is because I wanted that exposure to ETF’s and be able to have my piece of some of the companies I don’t hold individual shares in that are included in $SCHD. I also enjoy the idea of Schwab having a certain criteria for the companies inside of that fund. It allows me to have a more hand’s off approach to the management of the investment, which I’m definitely not used to.

With these purchases this past week, I was able to hit my goal of 100 shares of $SCHD. Super excited about that! I plan to make this a top 5 holding in my dividend portfolio. Capturing those shares under that $70 mark is awesome! Onward to 150 shares!

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

Let’s talk on this one folks. These are the dividend payments I received last week. Building up your dividend income takes time. It doesn’t happen overnight, that’s for sure! Just like anything else in life, you get out of it whatever you put in. When I first started learning about dividend investing, I couldn’t imagine $300 in a week. After years of focus and dedication, I’m starting to see these numbers. My message to you is that it’s possible and it happens but not without your intention. Keep your wealth building in the front of your mind and it will continue to grow in your life!

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

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