While a rough week overall, I'm pleased with the Dividend Town portfolio this week. While down -1.54%, compared to the broader indexes the portfolio performed better than the Nasdaq & S&P 500.
I believe as the market will continue to take gains on excessive growth valuations and the threat of taping and higher interest rates continue, we'll see a return to value. Notice the spiciness on the charts below? It's a perfect storm of future risk and past trends pointing towards an unsustainable trajectory.
So yes, I'm a bit bearish in the short-term, but I do believe that time in the market beats timing the market. In the last month, I've been actively working to rebalance to more quality & value oriented stocks, and since the companies I'm buying are long term purchases I do not care too much about the up and down fluctuations as long as I'm receiving dividend income.
A good week for dividend income this week to help offset some of the losses.
- Rebalance a few sectors per DT screener guidelines
- Publish selection criteria
- Delineate non-screener selected stocks in the tracker.