Well, let’s get this dividend portfolio update out of the way. As you probably know, and maybe experienced, September was an awful month for investment holdings. Pretty much everything was down with the only exception maybe being oil and refinery stocks. On the bright side that means it was also a great time to buy and build up some positions.
There wasn’t much in terms of news in September. This put the focus squarely on the federal reserve and that’s never a good thing. There is no better market killer than that band of bumbling idiots. While they didn’t increase the funds rate this time around they opened their mouths which is usually just as bad. As expected, in the aftermath of the fed meeting and the J. Powell news conference, brought to you by Apple iPad, the markets tanked.
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