The month of May was pretty brutal for our little dividend portfolio. It seemed that everything we own was going in the wrong direction. As such, we took the biggest monthly hit we have ever had for this account. That’s how it goes sometimes. Maybe the month of June will be kind and give us a nice rebound. Looks like it’s off to a good start, but will it hold?
Looking at the performance of our dividend portfolio we see that our largest holdings like ABBV, JNJ, FRT and, our own personal anchor, MMM all suffered significant losses for the month. The good news is this gives us a nice buying opportunity for some stocks positions we haven’t added to in a long time. The bad news is we need cash in order to take advantage of this opportunity.
After being on the road and seeing the country it’s only natural to start asking questions. The biggest question that comes to mind is…. What’s our end game? We love being on the road, but it would be naive to think we can do this forever. Our family would certainly like to know the answer to this question. Some of them think we are crazy for living this way to begin with.
In hindsight, this is probably something we should have considered during the planning phase. But back then we were focused on getting to a better place in life. We have always known that our end game didn’t include staying in a high tax state like California. It was always just a matter of time before we moved somewhere else regardless.
In a way we are just doing what we do best, winging it!
April went by in a flash and it feels like May is shaping up to do the same. It’s hard to believe we are already publishing another financial update! Ever since we left Mesa we have been busy trying to get caught up on projects and hobbies while at the same time getting back to enjoying the things we love like hiking and sightseeing. And since we have family that lives close by we have to make sure we find time to visit and catch up while we can.
Over the last month it has been great to be out in the open air and enjoying nature again and we have tried to get out for a nice size hike at least once a week. The great part about being full-time in our RV is we get to enjoy things while everyone else is busy working and the kids are in school. Often times when we go on hike we are the only people around which allows us to enjoy the views and our surroundings undisturbed. That will begin to change over the next few months so we are trying to take advantage of it while we can. We are hoping to hit Zion National Park before it gets too crowded and we have to leave. It’s been awhile since we have been there and it has some of the best hiking!
Time flies when you are having fun and feels like April was over before we could even get ourselves completely settled in and back on track.
As the markets struggled for direction so too did our dividend portfolio. At times it seemed like April was going to be a banner month as earnings overall were turning out somewhat better than expected. Then our account took a hit with the earnings release for Abbvie (ABBV) which is the largest position in our portfolio. The subsequent drop in the stock price was a bit odd as the numbers were actually pretty good, but the erosion in the sales of their flagship drug after losing patent protection was just too much and the stock sold off.
Over the last couple of trading days the markets rallied and ABBV recovered a small portion of the drop. Our portfolios roller coaster ride ended slightly in the positive for the month which we are always happy to see. Of concern going forward is the continued volatility, continued fed incompetence and yet another bank failure which could have further negative impact on the economy and the markets.
Free at last! As we mentioned in our March Dividend Portfolio Update we are finally back on the road and settled in Utah once again. Most importantly, we are free from the work-camping hell we found ourselves in for the last five plus months.
We will be doing another blog on the experience, but in short there were many issues we, and every other work-camper, had with our time in Mesa as it turned out to be a terrible experience.
Yay, March is over and we are back on the road! I’ll save the details for our larger financial update and we apologize in advance for this hastily thrown together dividend portfolio update.
We just left our winter quarters and have relocated in Utah and because of the work schedule we had in Arizona there are a lot of things we need take care of and a lot of things we need to catch up on before we can get back to our regular lives. So in this update we are going to cut right to the chase and dive into the details.
Another month in the books and I don’t know about you, but it seams like February went by at a lightning fast pace! Didn’t we just publish our January update?
But you won’t hear any complaining about time passing quickly from us. At this point we are itching to get the heck out of this place and move on to our next destination in Utah. We desperately need to get back on the road! Even more so, we need to put all of the negativity that has consumed our time here and pretty much ruined our work-camping experience behind us!
I have to admit, this months blog has been very difficult to write as there is so much we want to say about our current situation and the experience here. Not only would it be therapeutic to vent a little, it would also provide some food for thought to those of you that are looking at work-camping opportunities. We detailed some of our frustrations in last months blog mostly about how we were misled about the job responsibilities as the actual job we are doing is not what was sold to us during our interview. But there is so much more going on that we would like to express. We just can’t detail this stuff at the moment as we need to wait until we are either gone or closer to leaving this place.