Another month down, literally, and we are heading into the 4th quarter of what has been a miserable year for the markets. The questions is, when will this pain end?
Since our last update we have relocated from our beautiful spot in Tennessee to an amazing lake front spot in Oklahoma. This location has quickly become one of our favorite destinations since hitting the road. We have a pull-in spot and everyday when we open the shades we look out at the lake and enjoy the views and the wildlife. This year has been a disaster financially, but being able to live this life and wake up to these views and scenery almost everywhere we go has made these tough times much more bearable.
Continue reading “September 2022 Financial Update”
It’s been a little over two months since we last provided an update on our dividend portfolio and there have been some interesting, and not so good, developments since then.
Obviously the markets have been going through quite a rough patch, to put it mildly, over the last two months. The result is that our portfolio has taken a little bit of a hit on the top line number. On the bright side it represents chance to add some shares to our holdings at a lower price. It can be hard to watch and difficult to stomach some of these roller coaster days, but we have to keep the big picture in mind.
Continue reading “Dividend Portfolio Update”
In this edition of our campground review series we will be reviewing Cummins Ferry RV Resort located in Salvisa, Kentucky.
This was our first visit to Cummins Ferry and it was one of those places that we hoped would live up to what we saw in the photos while we were researching places to visit. Unfortunately, it is all too common for amazing photos to be posted online that are not always representative of the reality on the ground when you arrive for your stay. And when you are booking for an entire month arriving at some RV resorts and campgrounds can be very stressful because you are not always sure of what you are getting into until you get there and get settled.
To say we were relieved when we came around the bend and saw the resort for the first time, after driving down a long and narrow road towards an uncertain destination, would be an understatement.
Continue reading “Campground Review – Cummins Ferry RV Resort”
That didn’t last long!
In our last update we said it was nice to see a positive month. But we also cautioned that we should not get ahead of ourselves and expect it to continue. This turned out to be a good call as one can never underestimate the power of incompetent government lifers to further screw things up and cause more turmoil.
Additionally, in our last update we questioned Mr. Fed Chairman’s rational for saying that he believes interest rates, currently at 2.5%, are now at neutral and neither helping or hurting the economy when their own preferred inflation gauge clocked in at 4.8%. And that’s after stripping out food and energy which puts inflation at a disturbing 6.8%. As has become customary with our esteemed and incompetent fed chairman he and his cronies had to spend a lot of time walking back that idiotic comment over the last month. Much like they had to do with the transitory inflation hoax they perpetuated for over a year to justify not doing their job.
Continue reading “August 2022 Financial Update”
Don’t call it a comeback…………………
Another month in the books and market conditions improved, but let’s not get ahead of ourselves and start celebrating the return of the bulls. Sure, it was nice to see the markets move up for once. And they moved up in a significant manner as well. However, we are not even close to being out of the woods on inflation and our economy is slowing down.
Continue reading “July 2022 Financial Update”
Since our last dividend portfolio update the markets have continued their roller coaster ride. I won’t go into my opinion on the current state of our government as I aired my frustrations in our last blog. You can find my take here if you’re curious or want a recap.
While there isn’t anything we can do about the economy, there are things we can do to set ourselves up for long term success. Now is not the time to panic and sell your positions as that will only turn paper losses into realized losses. It can be hard to stomach this type of volatility, but having been through this several times before we know things will turn around eventually. So while we wait for the pendulum to swing back the other way we can take advantage of this opportunity to dollar cost average current positions and/or add new positions at a nice discount.
Continue reading “Dividend Portfolio Update”
Well, here we go again! It seems that there is no end in sight for the market volatility that has plagued us this year. And rightfully so, as this is the result of the fed failing to do it’s job and our government leadership being grossly incompetent.
This isn’t to say we are not long overdue for a correction or even a recession, because we are. However the runaway inflation freight train, which is the worst part of this whole economic disaster, was 1) mostly avoidable and 2) could have been tempered with an economic strategy based on facts and data followed by doing what’s best for our country and our economy.
Continue reading “June 2022 Financial Update”