June 2020 - Monthly Dividend Portfolio Update
Value: $7,305 | Gain: +$84 | Return: ▲1.5% | Dividends: $8
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Hello, dividend investors👋
I hope you are all doing well and had a wonderful 4th of July.
Month of June
For the month, the S&P 500 was up 1.8%, the Dow was up 1.7% and the Nasdaq was up 6%.
The benchmark index for dividend investors, the S&P 500, is up 39% since the market bottomed on March 23, 2020. But it’s still down 4% year-to-date.
S&P 500 closed up 20%, its best quarter since Q4 1998 when the index gained 21%. The Dow closed up 18%, its best quarter since Q1 1987 when it gained 22%. The tech-heavy Nasdaq closed up 31% for the second quarter, its best quarter since Q4 1999 when it gained 48% during the peak of the dot com bubble.
Even though many working adults are now unemployed, the stock market is having a record streak. So what gives?
It’s a combination of stimulus, reopenings, and an expectation that a vaccine will be available soon. Not to mention, the speculators are driving up the stock market as zero-cost apps like Robinhood have made it too easy for dumb money to flow in.
However, the latest unemployment numbers look encouraging. The unemployment rate fell again in June, now down to 11%, from a peak of 15% back in April. As states reopen, this number will get better. As long as the net number - people losing their jobs minus people getting jobs - keeps improving, the unemployment rate will keep trending down.
My June 2020 - Monthly Dividend Portfolio Update
Link to portfolio: M1 Finance
Projected Dividend Income
As you already know, I invest in lists (or pies) of stocks using M1 Finance.
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Disclaimer: Dividend.Fun is an informational publication and by reading it, you understand that you are not receiving investment advice. Unless otherwise noted, all data is as of the date the newsletter was published. M1 Finance link above is a an affiliate link. I recommend using M1 Finance because I personally use it.