Happy Monday!

We have a great week of investing in front of us!

The stock market is off to a roaring start in 2024, with the S&P 500 up 16% year to date. This surge follows a remarkable 50% rally since the fall 2022 crash. While these gains are impressive, such market exuberance can be a warning sign for investors. However, avoiding the market entirely is often not a wise strategy. Today, I share my current investing strategy along with other news from the week.

Let’s do this!

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THE KEY STORY

Why I’m BUYING Dividend Stocks Now - ($178k Dividend Portfolio)

Monthly Portfolio Update

My dividend portfolio, now valued at $178,176, continues to grow. This account is heavily concentrated in top holdings such as Microsoft and Visa. It is projected to pay $4,625 in annual dividends, with July expected to be the largest month of dividend income ever.

Key Transactions

• Sold Broadcom (AVGO): Despite being a high-quality business, I felt Broadcom had become overvalued after a 200% surge. This decision was driven by opportunity cost, allowing me to invest in more attractive opportunities.

• Bought Visa (V): Purchased 75 shares. Visa, now a core position in my portfolio, is a high-quality business trading at a fair valuation with strong growth prospects.

Insights from Investment Legends

Reflecting on wisdom from Warren Buffett and Charlie Munger, the decision to rebalance was rooted in evaluating opportunity cost. I explain this and share clips of Buffett & Munger in the video linked above.

THE VIDEO

CNBC on Travelers, Caterpillar, Citi

Want a quick watch on a few dividend stocks? In this less than a minute video, CNBC contributors share thoughts on a few names including Travelers, Caterpillar, and Citi.

THE NEWS

General Mills, McCormick, Nike

1. Nike Stock Tanks 20% To 4-Year Low: Why The Sneaker Giant’s Struggling (Barron’s)

2. 'Value-seeking' shoppers are an 'opportunity' for McCormick: CEO (Yahoo)

3. General Mills' stock falls after revenue miss and soft guidance (MSN)

NOTABLE DIVIDEND INCREASES

General Mills, Kroger, Levi Strauss

• Kroger declared $0.32/share quarterly dividend, 10.3% increase from prior dividend of $0.29.

• Levi Strauss declared $0.13/share quarterly dividend, 8.3% increase from prior dividend of $0.12.

• General Mills declares $0.60/share quarterly dividend, 1.7% increase from prior dividend of $0.59.

Source: Dividend Data

SUMMER SALE: 50% OFF!

You can now get 50% off both our monthly and annual plans at DividendData.com! This special offer is only available through July 4th weekend, so act quickly to secure your savings. Lock in that price for life!

How to Get the Discount:

1. Visit DividendData.com: Go to our website and select either the monthly or annual plan.

2. Enter Promo Code: At checkout, enter the coupon code SUMMER.

3. Apply and Save: Hit apply, and enjoy 50% off the regular price.

Benefits of Membership:

• Stock Screener: Easily find and analyze the best dividend stocks.

• Dividend Screener: Access curated lists of high-growth and high-yield dividend stocks.

• Access To My Portfolio & Watchlist: Get my buys as they happen. View the live changes in my portfolio and watchlist.

• Watchlist and Portfolio Tracking: Seamlessly track your own investments and keep informed on new opportunities.

• Exclusive Insights: Get access to detailed research and analysis on top dividend stocks.

SOMETHING FUN

Apple… We Might Need This!

Thanks for the read! Let me know what you thought by replying back to this email.

— Zach

Disclaimer: Dividend Dividend Weekly (Dividend Data) is not a professional financial service. All materials released from Dividend Data Weekly (Dividend Data) are for educational and entertainment purposes. Dividend Data Weekly (Dividend Data) is not a replacement for a professional's opinion. Contributors to the Dividend Data Weekly (Dividend Data) might have equities mentioned in the newsletter