As the coins in the crypto world continue to shake out those outfits that were not prepared for the worst, the negative fallout is keeping prices down or stalled. Where Bitcoin tends to loosely follow the Tech loaded NASDAQ fluctuations, that index isn't doing much better these days.
On my end, I continue to watch and hold. No sense in selling for losses. I'll wait for better times ahead.
As the stock market tumbles for several reasons I mentioned in past posts spring getting deeper into the summer 2022, cash dividends continue to come in from company stock and ETF's I purchased although their prices tend to fluctuate a lot during these days of fear in the markets and uncertainty.
Checking in on the Blogs on the right of this page, portfolios are down in general but dividends are increasing as purchasing continues. That's the plus side of dividend paying stocks.
If the Market continues in a funk for longer than expected, some companies have lowered dividends or cut them all together for awhile in the past. Being diversified in sectors can reduce the risk of that happening.
An example is with the BTSX, which is listed on Dividend Strategy. In the downturn starting in March of 2020 and the Covid pandemic, one company that was in that list cut their distribution of their dividend in half but resumed later that year. Suncor or TSE: SU
I continue to hold that stock where it has a high ranking in the top 60 stocks in Canada by dividend yield.
Enjoy Canada Day on July 1st and Independence Day in the US on July 4th.
I'll be back next week with some ETF's and Income Funds that are steady dividend payers I like and own plus some I'll be adding as I continue with what they call ... the accumulation phase.
An example is one of my first picks ... EIT.UN, EIT Income Fund with a steady monthly cash distribution and a decent line-up of Holdings, all featured on the Canoe Financial site.
The Management Fee is a tad higher than I prefer but a tradeoff for being reliable to date.
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