The first month of 2023 is almost history already and I haven't updated here much this month due to family matters with two unexpected passing's in December and keeping up with part-time work that gets to more into the full-time hours depending on the work schedule. Anyway, life goes on and I usually think back to the good times in my family's lives. More to come to cherish in the future.
If your a holder or "hodler" of Bitcoin and/or Ether, you've seen a nice jump in price of these coins with another unpredictable "up" cycle. Is it short term or a lengthy Bull cycle? No one knows of course and the jumps in price are totally unexpected with all the bankruptcies and collapses of some big name Exchangers. Investors look to make money so it seems institutional outfits and Whale investors decided it's time for a boost to start the year.
Personally, I enjoy Trading the Crypto pairs like BTC/USD and ETH/USD so resumed that after a hiatus since November/2022 after the prices dropped and too narrow a gap in high and low prices for awhile. Flat and down ... in other words.
Stocks also began a swing up in 2023 and those investors that bought stocks with depressed prices in 2022 are seeing some decent gains now, depending on sectors. That Warren Buffet thing ... feel greedy when most are in fear and sell.
Taking a Big Bank in Canada ... Bank of Nova Scotia (BNS) for example. Buying BNS on December 16, 2022 for $65.06 per share/unit; Price today is $70.97 CAD each. That's over a $5 jump in each share bought plus the cash dividend of $1.03 each share/unit paid out on the 27th of January.
That can put a smile on an investors face but that's current and only realised if sold but I'm into long term and try to buy low when the opportunity rises
The old investor masters like Buffet and Graham and many more have experienced ups and downs many times during their lives so it can be wise to read and listen to what they have to say about the stock markets.
February will be ex-dividend dates for 2 stocks I build on and they are Enbridge (ENB) and Fortis Inc. (FTS) which fall on Valentines Day. ENB is in the BTSX portfolio for 2023 and both companies pay handsome cash dividends.
MFC, Manulife Financial Corp has a current dividend yield of 5.05% that's also going ex-dividend in the latter part of February.
All 3 stocks have increased their dividends over the last 10 years but I still consider the risk factor and check up on their financials/news every time I decide to buy more.
I always look forward to the next month to size up stocks and crypto along with the good and bad news which makes them swing in price.
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