Hello my dear followers,
Here is my update for August 2022. After a gain in the stock market for about 20%, September started very bad and the markets are continuing to go lower. The reason is that the jobs report was very strong and this give the FED the possibility to raise the interest rates more aggressively to take control over the inflation.
They said that they will do everything to get the inflation back to the 2% range even if this would hurt the economy and the households.
Next to that, we are still in an energy crisis due to the Ukraine war which is causing the high inflation to begin with. The last few weeks we saw that crude oil was dropping to the 80 range which is not bad and it will bring the inflation numbers down (hopefully).
The high energy prices is really killing businesses and the fear that this all will lead to a recession is as well another fear that is keeping the markets down because when the business is not doing well, the companies won't make enough profit and will need to leave people go or they won't give good guidance for the upcoming months and won't reach the target set.
But for my portfolio that I'm building today, I really don't care about all of this as long as I can keep putting the same amount (or more) into my portfolio to let it grow and take big advantage on these low prices for very good stocks. In the long run, it will go up again, no matter what.
Therefore I took an extra position in BNS as this had the lowest amount of invested money in it.
I bought another 12 stocks, putting my position at 23 stock an making almost $73 on yearly basis for this position (ofc some taxes need to be deduced from it as well). I think I will keep 52% at the end in my pocket of that $73. That is also the reason why I keep these positions as last. I will keep investing as the dividend growth for BNS is super good and they have an excellent payout ratio.
Hope you had a great vacation and see you next time!
Br,
TT
Here is my update for August 2022. After a gain in the stock market for about 20%, September started very bad and the markets are continuing to go lower. The reason is that the jobs report was very strong and this give the FED the possibility to raise the interest rates more aggressively to take control over the inflation.
They said that they will do everything to get the inflation back to the 2% range even if this would hurt the economy and the households.
Next to that, we are still in an energy crisis due to the Ukraine war which is causing the high inflation to begin with. The last few weeks we saw that crude oil was dropping to the 80 range which is not bad and it will bring the inflation numbers down (hopefully).
The high energy prices is really killing businesses and the fear that this all will lead to a recession is as well another fear that is keeping the markets down because when the business is not doing well, the companies won't make enough profit and will need to leave people go or they won't give good guidance for the upcoming months and won't reach the target set.
But for my portfolio that I'm building today, I really don't care about all of this as long as I can keep putting the same amount (or more) into my portfolio to let it grow and take big advantage on these low prices for very good stocks. In the long run, it will go up again, no matter what.
Therefore I took an extra position in BNS as this had the lowest amount of invested money in it.
I bought another 12 stocks, putting my position at 23 stock an making almost $73 on yearly basis for this position (ofc some taxes need to be deduced from it as well). I think I will keep 52% at the end in my pocket of that $73. That is also the reason why I keep these positions as last. I will keep investing as the dividend growth for BNS is super good and they have an excellent payout ratio.
Hope you had a great vacation and see you next time!
Br,
TT
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