Couple weeks ago, I decided that It was time to get my money out of the bank and invest it somewhere. After lots of thinking, I came to the conclusion that the best investment for my personal profile and risk tolerance, was to invest in long lasting stocks with a history of +20 years that were paying growing dividends.
That's it, a dividend portfolio
After lots of trouble, I got my first brokerage account at Interactive Brokers and yesterday, I deposited my first 500$ to try the waters a little bit.
So today, I started to see what stock I could buy. I've been watching lots of videos this past weeks about it, so I had a rough idea of what stocks I would be buying.
My first pick was CocaCola, that at today's date, has a 3.20% dividend yield paid quarterly, and with the stock price being 9% down on the year.
I was just about to buy it since I noticed something:
Every stock on my list was falling.
Main Street Capital Corp ✔️
Realty Income Corporation ✔️
Coca Cola ✔️
Pepsi ✔️
JP Morgan ✔️
And so on.
Reading online, I saw that the economy is likely to suffer a recession, and that scared the heck out of me.
So with all of this, I think I'm gonna back off for now for a week to learn a little bit more about the general panorama of the economic global situation, to make a better and educated buy🧐
If you have any suggestions, I'll be happy to read you on the comment section.
Let's see how this unfolds from here 😄
Thanks for reading.
Posted Using LeoFinance Alpha
Congratulations @johndeeback! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 300 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts: