![]() ![]() Actually, some of my largest positions are non-dividend paying growth stocks. ![]() There will be a time to buy the best-in-class dividend growth stocks again.but right now, I'm looking to allocate cash elsewhere.īecause of my focus on my passive income stream, non-dividend paying stocks have to clear a very high bar to make it into my portfolio.īut, that doesn't mean that I don't own them. Ideally, every purchase that I make in the stock market would add reliably increasing dividends to my passive income stream.īut, I'm not willing to chase yields in a market where valuations have become stretched. This is a bummer because it makes it difficult to bolster my passive income stream. Since multiple expansion is not likely in the cards for many of the stocks on my watch list, I'm forced to rely on fundamental growth to drive returns on new purchases (at least, until we experience a correction that supplies more attractive buying opportunities). The S&P 500 has risen by 14% since the end of October and this rally has erased a lot of the attractive bargains that I used to see in the market.įrankly, these days there are very few bargains available.Īnd now that multiples have expanded up and down my dividend growth watch list, resulting in poor margins of safety, I've pivoted towards a focus on secular growth as a way to generate alpha moving forward. ![]() For outsized returns during 2024, I don't think there's any need to look beyond the "magnificent seven".īig-tech stocks have driven the market's double-digit rally in 2023 and I don't think that's going to change moving forward. ![]()
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