Well this past week was just grinding away in the blistering heat down here in south Texas. Luckily I don't actually work outside but man it was extremely hot. We should be able to finish this well up sometime this weekend and I can't wait to get back home and spend some more time with my wife. I'm not sure what all we'll be up to but I want to take advantage of her last few free days before the next school year really starts kicking into gear. I'm also glad to report no big expenses this past week so that is very good.
What a difference a week makes. The S&P 500 was down 2% on the last day of July and the DJIA retreated about 1.8%. That makes for a happy investor especially since both indices were already a few percentage points off their recent highs. I was quite busy over the last week or so by adding to my position in Realty Income (O) and then adding to 3 positions on Thursday, write up on those coming early next week. I just tallied it up and I invested over $9k in July which was quite surprising to me because I didn't think it was anywhere near that. I've still got a lot of capital to put to work though so hopefully the markets continue to sour. I'm very happy to announce that with dividend increases and the new purchases I made in July my forward 12-month dividends are now up over $4,800. I've got my eye on a few more companies to purchase during August, of course there's no telling what Mr. Market will do. I actually had to log out of my brokerage account because all of that red on Thursday. Not because there was so much red but there were lots of companies moving into the high ends of my buy ranges and I had to keep from going through my whole stash. Got to keep some powder ready, right?
I'm still looking for a rental property although that might be on hold. I need to sit down with my wife and have a serious discussion about it. I like the possibilities and cash flow that the right property can provide but I think given my current work situation it might be a bit too much to handle. I guess I'll have to try and meet up with some real estate investors near where I live this next time I'm home to get their feel on it.
I'd just like to say thanks again to everyone that visited, commented, or shared posts from Passive-Income-Pursuit this past week. I truly appreciate it more than I can ever put into words. If you want to get real time updates of companies I'm buying then make sure to follow me on Twitter@JC_PIP. Also make sure you don't miss any posts by signing up to receive them in your inbox.
Now on to the links!
Dividend investing over the past seven years was never easy by Dividend Growth Investor - Hindsight is always 20/20 and everyone saw the last crash coming. But in real-time no one knows what's in store. There's never going to be a perfect time to buy a company and you'll always have at least some doubts in the back of your mind.
Why overpaying for stocks can still beat bonds by The Conservative Income Investor - The beauty of stocks and the underlying companies is that they can in fact grow. Fixed income can't give you that. But growth can help make up for overvaluation of a stock purchase.
Are you just treading water? by Dividend Mantra - I won't fault anyone for wanting to be in the rat race forever so they can always afford the luxury cars every few years and have a house or two and maybe a boat. But what's interesting is that in most cases that doesn't add to your overall happiness level. Sure, I don't think I've seen someone frowning on a boat but I'll take my shot at freedom first.
Why aren't we getting better with money? by Done by Forty - Education isn't the be all end all to getting people to be better with their money or to change any kind of bad habits. The behavioral and psychological aspects have to be addressed to truly make a change.
Three new stocks in my no-fee portfolio by Retire Before Dad - I've spoken before about Loyal3 and I think this is a great way to get started with investing. No fees and only $10 minimum purchases is absolutely awesome for the small investor and I'll probably be starting up my own account with them later this year.
6 signs of a good investment process by Clear Eyes Investing - Too often we equate the short term price movements of the companies we buy as justification for the underlying process. It's much more important to have a solid process that you can follow and in the long term the process is what will lead to better investing results.
Benefits of dividend investing by DivHut - I can't speak enough about the pros of dividend growth investing and this is a great list for anyone thinking of following this strategy.
Why I've quit my "dream job" by Cashville Skyline - Quitting your job is definitely a big decision, especially since the economy for the most part isn't exactly booming. But we all have our limits and dreams change. Best of luck Addison!
7 reasons to give your ideas a try even if they might not work by Create My Independence - Trying out something new is a very difficult idea especially when it comes to striking it out on your own as an entrepreneur. But just look at what Craig has done in the short time that he's been at it and it's truly inspiring. He very well could crash and burn in his current venture, although I doubt he will, but he'll still have so much more knowledge and come back swinging.
Coca-Cola and modern slavery by Joshua Kennon - It's always interesting to see the backlash that some companies take. Coca-Cola did a great thing but is receiving a bunch of flak for the way they did it. I just don't understand some people's criticisms.
Initial experiences as a landlord by Financially Integrated - Since I'm still looking for rental properties, at least every now and then, this is definitely something I've thought about. There's a big difference between owning pieces of established companies and embarking into rental properties.
I hope you all have a great weekend!