03-13-2015, 12:26 PM
Looks like we're going to end up down for the week. I'm beginning to like these.
Sure, it's no fun watching the market value of your portfolio plummet but this is still mild. Maybe we'll actually get a correction finally which, in the olden days, was a 10-20% market drop. Yet, at these levels, I'm still not gaga (not the Lady) over pricing just yet. It was so much more comfortable to step into positions with a 10ish P/E and yield hovering in the high-3% range like the 2010-12 period. Every shiny object caught my eye and then it really was work narrowing my choices.
On the bright side, my income stream is still up over last year. My wife's is too despite ESV cutting the hell out of their dividend.
What I'm trying to say is don't be nervous with this tiny volatility. Stay calm, buy quality companies and get back to work.
Speaking of which . . . . . . . . .
Sure, it's no fun watching the market value of your portfolio plummet but this is still mild. Maybe we'll actually get a correction finally which, in the olden days, was a 10-20% market drop. Yet, at these levels, I'm still not gaga (not the Lady) over pricing just yet. It was so much more comfortable to step into positions with a 10ish P/E and yield hovering in the high-3% range like the 2010-12 period. Every shiny object caught my eye and then it really was work narrowing my choices.
On the bright side, my income stream is still up over last year. My wife's is too despite ESV cutting the hell out of their dividend.
What I'm trying to say is don't be nervous with this tiny volatility. Stay calm, buy quality companies and get back to work.
Speaking of which . . . . . . . . .
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan