Saturday, July 2, 2022

Nice pullback, but for dumb reasons

Q1 earnings caused quite a ruckus in the market, and Q2 earnings might as well.  Thankfully, dividend
stocks, especially consumer staples, don't get hit as hard.  Regardless, my (limited selection) 401k has lost a lot, and if I had that money in hand, it would not be the case.  My net worth has been about the same as November of last year!  And that is with me adding money to my account, and my house going up up up, and me adding just enough to my 401k for my work to match.  

The market is pretty boring these days, and a debbie downer.  I appreciate the great yields, but the depressed market is quite a change from the Trump economy market.  I know Biden has been quoted as saying the stock market is for rich people, but that is such a small view.  It is for companies that employ all classes, and holds retirement for all classes as well.  This drop may cause some senior citizens to come out of retirement to work, and might require me to delay my retirement.  I have been holding cash for the most part, with some big purchases here and there to take advantage of good yields from quality companies.

The feds need to raise rates.  If you didn't get a loan or mortgage with a low rate, you missed the boat.  It's only going up from here.  A lot of this is oil related, and we need to get back to using our own oil, at least to keep strong during this depressed economy.  We should get a bounce back as money slowly re-enters the market, but if Q2 is as bad as Q1, we might have another drop.  Companies are a lot more agile now than back in the Sears or Marshall Fields days.  They may be able to take care of the increased price of oil, and in turn, everything else.

SCOTUS rulings should be highly ineffective on the market.  One possible contradiction to this was the giving of Roe vs Wade to the states (and I wish more things were given to the states).  That kind of news in this economy is great as we may be able to increase workers, reason to work, and also more consumers into the economy, the market reflected that following the news.  Considering the severe drop in family sizes in the U.S., we definitely need a larger work population.


Not much else to say.  We finished remodeling our last room in our condo for retirement - and just need to buy some patio furniture with a few minor changes here and there to the inside.  It is very exciting to be close to finished with that goal.  Our first child is going off to university with one year+ of credits under her belt, and our son is going to college full time while in high school to reduce his tuition costs as well.  I have been living my pre-retirement in my hot tub, and playing games with my friends.

    Dividend Increases & Special Payouts Apr/May/June


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