As ours reader are probably aware of by now, we have been looking a location to find or build our forever home. Over the last few months our search has taken us from Montana down to Texas and everything in between. While our forever home search started out very wide, and across several states, it has since narrowed. As much as we love Montana and our temporary home state of South Dakota the winters are too large of a negative to overcome. After considering states like Utah and Nevada we have narrowed our search to parts of Texas. This however still feels like half the country anyway.
Over the last few weeks a lot has transpired and eventually reached a crescendo late last week. Honestly we were hoping this would be the blog where we expressed our excitement about entering a new phase of our lives. But despite giving it our best effort and even going out on a limb financially it wasn’t meant to be.
Wow, it’s been a whirlwind as of late! It’s also been very tough to get any spare time to write our October 2023 financial update blog! As such we are going to try and keep it relatively short this month so we can move things along.
After spending a little over a week in the Dallas area we moved south to start our winter work-camping positions. Since arriving here we haven’t had much down time. We had a meeting the day after we arrived and then we started working the very next day. It helps that we are already experienced with the system and familiar with most of the procedures. We just have to get to know the nuances of this particular campground which only comes with time.
It’s time for our October 2023 dividend portfolio update and unfortunately there aren’t many positives to report. The markets continued to sell off for the third straight month and our dividend portfolio continued to take hits on all fronts. If there is a silver lining for investors it’s that there are buying opportunities everywhere as we have entered correction territory.
We arrived at our new location and started our winter work-camping gigs. This has made it hard to keep up with the markets and any news. Additionally, our investable income has really slowed which has limited our ability to add to positions. The timing couldn’t be worse in that respect because now is the time to take advantage of opportunities.
We are back with our September 2023 financial update! The months are flying by and before you know it we will be heading to the great state of Texas for the winter. We have enjoyed our time on the lake in Oklahoma, but like all great things it will soon come to an end.
As much as we love lake life we are getting to the point where we are ready to move on. The downside to being in this area is that there just isn’t much to do. Aside from walking around the campground or sitting outside looking at the water not much is going on. As such, we have been pretty stagnant for that last month. After a rough couple of months camping in a remote area was a relaxing change. Now we are itching to get somewhere we can be more active and do some sight seeing.
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.
Welcome to our August 2023 financial update! In last months financial update we had just been upended from our camping spot in South Dakota. The quick exit had us moving southeast and settling in Nebraska before getting back on track with our regular schedule in Kansas.
Once we arrived in Kansas in early August life seemed to get back on track. It was nice to get back into our normal morning routine. It was also great to start taking more day trips to various locations. Kansas isn’t glamorous, but it has a lot of history to learn about. We also made the journey to Kansas City, MO to see the Federal Reserve Money Museum and then checked off another ballpark from our bucket list.
Another month in the books and that means it’s time for another dividend portfolio update! After two solid months of gains our dividend portfolio took a small step back in August.
For most of the month it looked like the pullback would be sizable. However, after the fed summit in Wyoming and chairman nimrod’s speech the markets brushed off the worry and moved backup. While we didn’t recover all of the downside it was good to see the markets holding strong once again.
There were a couple of events that impacted our dividend portfolio in August. The biggest by far was J&J completing the spin off of Kenvue. The deal was very enticing with the opportunity to receive 8 shares of Kenvue in exchange for each share of J&J. That would have created a nice position for us in the new company. But in the end we decided to stick with our J&J shares as the company is just a machine. It is also our third largest holding and more importantly they are not adjusting the dividend after the transaction. We will probably look to add Kenvue into or portfolio down the line.