This week started off very hectic. My phone started alarming Sunday night/Monday morning because of a tornado warning luckily though we were spared of that. However, we couldn't escape the rain which was bad enough to essentially shut down the city of Houston on Monday. Our area was spared from the flooding, but there's so many areas that were hit extremely hard. Some spots were estimated to have received 20 inches of rain in about 8 hours which is absolutely ridiculous. The devastation is eye opening.
There were a couple things that really shocked me about everything that's gone on this past week. For starters I knew they were expecting rain but I hadn't heard of any forecasts calling for anything quite like this until after the rain started. The other thing that I don't understand is why some areas weren't evacuated on Tuesday/Wednesday/Thursday prior to the flooding getting downstream. I've seen several reports of people that escaped the initial flooding on Monday just to end up getting flooded out later in the week. The flood control districts have plenty of computer models and I can only hope that the reason for that was a lack of accurate information and not that someone just completely dropped the ball.
On top of all the rain we received my body finally decided to do its semi-annual sickness recharged. I don't get sick often and thankfully when I do it's not too bad and this time was no different. Just lethargy, congestion, some sinus pressure and on and off head aches. It didn't make for a fun week, but a few days of laying around have gotten me back on track. So unfortunately I didn't get much writing done.
Now that I'm home again I can get back to sharing some of the definitions from The Devil's Financial Dictionary by Jason Zweig (affiliate link). For those that don't know the book is a nice little time killer that gives brutally honest and often humorous definitions of finance and investing terminology.
Today's word/definition is:
"Herding, n. - The tendency of investors to ignore what's cheap and act like sheep, moving together in a flock rather than thinking for themselves. There is safety in numbers, so investors buy assets not because they are undervalued but merely because 'everyone else' is buying them, and sell not because something fundamental has changed but because 'everyone else' is selling."The herd mentality is something that all investors need to watch out for. Don't make changes to your portfolio because everyone else is doing so; rather focus on the fundamentals of the companies you own and ignore what everyone else is doing.
On to the Roundup
In case you missed them, here's the posts from Passive-Income-Pursuit this past week.
via email and to follow me on Twitter@JC_PIP so you don't miss anything. I also started a Facebook page to give people another option for keeping up to date on posts and happenings with the blog.
Once again I'd like to say thanks to each and every one of you that read, commented, and shared posts from here this past week. I think this dividend growth investing and financial independence community is amazing and the openness from everyone is awesome. Thanks again!
Now on to the links!
Dividend Portfolio Sector Allocation April 2016 by DivHut
Make Sure Your Vision Includes Joyful Generosity by Our Next Life
When You Have That Epiphany by Tawcan
Not In Our Portfolio! by Income Surfer
107 Profound Warren Buffett Quotes: Learn to Build Wealth by Sure Dividend
Recent Sell by Roadmap2Retire
Dividend Aristocrats for Dividend Growth and Total Returns by Dividend Growth Investor
How Investors can Benefit from the Millenial Generation by Cash Flow Diaries
Deere (DE): Warren Buffett is Buying More of this High Quality Dividend Stock by Simply Safe Dividends
Lithium: I Missed This Gold Train by FI Fighter
Johnson & Johnson Dividends: The Spring Back Effect by The Conservative Income Investor
Mean Reversion From The Lost Decade by A Wealth of Common Sense
Also, if you're looking for investment ideas, A Frugal Family's Journey keeps a list of stock analyses and recent buys from fellow bloggers.
I hope you all have a great weekend!
Image courtesy of Gubgib on FreeDigitalPhotos.net.