A pullback in several overseas markets had the U.S. market catching a bit of the bug as well. Higher stock prices in and of themselves are not the long-term anecdote for solving the economic ills of various countries.
Looking at the markets, Yum Brands (YUM) reported some softness Chinese sales and the market pushed the company’s stock price lower on the news. Competitor McDonald’s (MCD) ended fairly unchanged on that news. Steelmaker Schnitzer Steel (SCHN) got hit following the company’s earnings release. A Wall Street downgrade on oil service plays has stocks like Halliburton (HAL) and Baker Hughes (BHI) trading in the red. Finally, shares of Boeing (BA) were down on an analyst’s cautionary note following an electrical fire on board the company’s new 787 Dreamliner yesterday in Boston’s Logan National Airport.
Pro football fans who have been following the sport for the last couple of decades may remember the tirade Hall-of-Fame Quarterback Terry Bradshaw (former Pittsburgh Steeler and 4-Time Super Bowl Champ) made following the Broncos getting destroyed 55-10 vs. the San Francisco 49ers back in 1990. Bradshaw felt Broncos quarterback John Elway was coddled way too much and didn’t have the emotional toughness to ever win a ring. Fast forward eight years later and at the ripe age of 38 and again at 39, John Elway led the Denver Broncos to back-to-back Super Bowl titles.
You see, even successful individuals can misjudge others’ success (and often the route that one takes to achieve success). Often time our parents want us to follow a familiar path in our lives, but more often than not, a child chooses a different path than his or her parents. Sometimes we’ll even be surprised by people’s success. Mr. Elway never gave up the dream and certainly didn’t let age stop him from achieving his goals. This same concept applies in investing.
Older investors may feel they can no longer improve their financial well-being, but there is hope — as long as you have the fortitude to push harder and are willing to learn the right formula. You must not only buying quality dividend stocks, but must work to improve other aspects of your financial life as well: how you spend, how you save, and how you earn. Embrace the process of examining your finances closely, bearing in mind that everyone makes mistakes along the way. If you let your age impact your motivation, you will surely bow out much sooner than you should. Play strong until the final bell rings and you will not look back in regret, ever!Our 2013 Dividend Stock Guide Has Arrived!
Our new members-only eBook has just been released! This 250-page guide to investing in 2013 contains a concise economic forecast for next year, including full previews for 60 big-name stocks! Be sure to head over to Dividend.com Premium and download it and get your game plan in place for all good things dividend-related in 2013!Income, Income, Income
At Dividend.com, we maintain our focus on the best income-producing investments the markets have to offer during time of heightened volatility. We want to make sure we have only the most pullback-resistant names on our Best Dividend Stocks List. Also, if we see the market putting in what looks like a decent bottom, we will be prepared to scale up the list of stocks we like. Stay tuned and be sure to look for Dividend.com Premium member alerts along the way. Don’t count on the government or your employer to set you up for a remarkable retirement. Take control, do your own research, and achieve your goals yourself!Go Beyond This Newsletter
We know many of you enjoy reading the daily newsletter, but remember that with our Dividend.com Premium service, the newsletter is just one small component of what we offer. Here are the “Big Three” benefits of our Premium service:
- The Best Dividend Stocks List is used by tens of thousands of investors to help build their own portfolios.
- Creating your own Watchlist allows you to track the performance, news, and upcoming dividend payouts of the particular stocks you care about.
- Finally, we offer the most complete and easy-to-use dividend data on the web. Many subscribers use this data as part of a “Dividend Capture” trading strategy, but long-term investors can use it to keep track of impending payouts. Just visit our Ex-Dividend Calendar for a complete outlook on which companies will be paying out soon.
We don’t ask for a credit card to use our free trial, and we don’t bill you when your trial ends. No obligation whatsoever! So keep enjoying the newsletter, but please give Dividend.com Premium a shot if you haven’t already subscribed!
Thanks for reading everybody. I’ll see you tomorrow!