As the retail investor keeps getting spooked out of investing in stocks (judging by recent equity outflow numbers), we get big up days like today to remind us that sitting in cash can be quite painful for any extended periods of time. Of course, that’s assuming you focus only on quality stocks for your investment portfolio.
Despite some rather cautious comments about guidance, Texas Instruments (TXN) gained nicely on the day. We also had positive Wall Street analyst calls moving stocks like The Gap (GPS) and Occidental Petroleum (OXY) higher. As for other well-known brands seeing upward traction on today’s spike, the list includes 3M (MMM), Goldman Sachs (GS), and Accenture (ACN), just to name a few. If you are looking for the main reason for today’s pop, it isn’t in the headlines yet, but there may have well been some whispers of progress regarding fiscal cliff chatter. I’m not sure what else would be moving the indices as strongly for the moment. One notable loser on the session was Family Dollar Stores (FDO), down in conjunction with rival Dollar General’s (DG) cautious earnings outlook.
New Dividend Stock Recommended Today!
Why I Choose Being an Entrepreneur and Assets (Dividend Stocks) That Produce Income
If you believe in your ability and have the right financial situation (money and family support), there will never be a better opportunity to swing for the fences than working for yourself.
When you work for yourself, you no longer have to worry whether your job will be eliminated. You don’t have to deal with co-workers that may not be too great to be around. You control your own destiny and work with who you want to work with. Are there more responsibilities? Of course, but when you are building out your business, you will already be expecting to work hard. You can make as much money as you want and actually have enough money to invest in other income opportunities.
The vast majority of people today work for others, and the biggest investment they sit on is a single-family residential home. Even for baby boomers, when you look back and crunch the numbers of money it cost to maintain a home (upkeep, property taxes, mortgage, etc.), you will likely be disappointed by what the overall returns really are (unless you bought in a select few lucrative areas in the country, but not many people did).
I understand some people will be hesitant to become an entrepreneur, so the options you have are either to work more so you can earn more, or work as you do now (one full-time job) but keep your expenses razor thin. Those are really the only options if you want to see life get better as you get older (but don’t want to go the entrepreneur route).
I hear way too many regrets from people I speak to about what they could have done better over the years. To the many out there who may be still willing to situate their lives differently in this ever-changing world we live in (where jobs and opportunities are tighter than we have seen in quite some time), I urge you to consider the path of self-reliance. It’s worked very well for me and many others!
Thanks for reading everybody. I’ll see you tomorrow!
FREE Dividend Stock Newsletter
Get the Dividend.com email newsletter to receive:
- A free copy of our acclaimed report, 5 Rules of Winning Dividend Stock Investing
- Free daily investing tips and picks from Dividend.com CEO Paul Rubillo
- Tons of great market analysis and recommendations