Mid-September Bounces

 

Mid-September, 2022 and inflation along with interest rate hikes are the top headlines in the financial world.

So far, the Feds are not winning the battle of beating down inflation. In the US, it actually rose in the latest update, which sent the stock world spiralling down for now and being correlated to S&P 500 plus NASDAQ, Bitcoin remains flat around the 20 grand range.

Where I'm into dividend paying stocks, I'm not worried about the lower values and keeping an eye on my portfolio with the maintaining/growth of the dividend payments. 

Eventually, the stocks will head north in price again but looks like it will be awhile as higher and climbing interesting rates are slowing spending as mortgage payments, etc climb. That eventually effects economy growth or lack of. Looks like that will come more to a head in 2023.

In the meantime, my plan is to continue buying dividend stocks at the lower prices. Some day when the Bulls take over from the Bears again (like in the last half of 2020), I'll benefit with a boost in my portfolio worth.

                                               Image Credit: Forextime (Flickr)

Ether (ETH), 2nd overall in crypto with market cap, has introduced the Merge with no issues and business as per normal going ahead. Holders such as myself won't see much change. Behind the completing of transactions are Validators now instead of Miners.

Not great news so far in 2022 with the stocks but history has shown it's all about up and down cycles over the years. Better days ahead as lows come to a point that there's always what they call, short term 'Bounces off the Lows' like the TSX index in September, when stocks show a lot of green instead of red on those days but that doesn't matter much to the long term holders such as myself.

That saying applies ... plan for the best, prepare for the worst.