Markets rescinded in September and I went on a buying spree. More on that later.
For the month of September, the S&P 500 was down 4%, the Dow was down 2% and the Nasdaq was down 5%.
The benchmark index for dividend investors, the S&P 500, is up 42% since the market bottomed on March 23, 2020, and up 8% year-to-date.
One word, TECHNOLOGY.
The tech companies we have all come to love dragged the market down after having a fantastic August. Last month, I mentioned there was no reason for the rally and long behold, the markets corrected itself.
2020 isn’t over until you file 2020 taxes, sorry.
If you’re like me, you probably don’t want to think about 2020 anymore. But before you can truly move on from 2020, you must deal with your 2020 taxes.
For the 2021 tax season, many things have changed thanks to (among others) the COVID-19 pandemic.
In this post, I will help you understand what’s new for this tax season and what’s staying the same.
But first, let’s take care of the basics of the 2021 tax season:
For the month of August, the S&P 500 was up 7%, the Dow was up 7.6% and the Nasdaq was up 9.6%.
Some records were set:
It’s like the 80s and 90s all over again. Remember what happened in 1987 and 2001? Okay, let’s not go there. Hint: *POP*
The benchmark index for dividend investors, the S&P 500, is up 56% since the market bottomed on March 23, 2020, and up 6% year-to-date.
Actually, nothing significant happened in…
For the month, the S&P 500 was up 5%, the Dow was up 3% and the Nasdaq was up 6%.
The benchmark index for dividend investors, the S&P 500, is up 50% since the market bottomed on March 23, 2020, and up 4% year-to-date.
Despite the resurgence of coronavirus in as many as 24 states, forcing them to close parts of their economy, Wall Street rallied for its 4th consecutive month in July.
Two reasons why that happened:
300+ companies on the S&P…
Value: $7,305 | Gain: +$84 | Return: ▲1.5% | Dividends: $8
For the month, the S&P 500 was up 1.8%, the Dow was up 1.7% and the Nasdaq was up 6%.
The benchmark index for dividend investors, the S&P 500, is up 39% since the market bottomed on March 23, 2020. But it’s still down 4% year-to-date.
S&P 500 closed up 20%, its best quarter since Q4 1998 when the index gained 21%. The Dow closed up 18%, its best quarter since Q1 1987 when it gained 22%. …
Another year, another record.
In 2020, Pakistani tech startups raised a record $56 million across 28 deals. Compared to 2019, the amount of funding increased 50% whereas deals were up 47%.
💰 $56,435,000 — Total amount raised by 27 startups.
#️⃣ 28 — Number of deals during the year.
📊 50% — Year over year growth in funding.
📈 $2,015,536 — Average deal.
🛒 E-Commerce — Most funded category.
The year started strong with 4 startups raising $1.2 million to end Q1 with positive momentum. That was followed by an even…
So apparently, Sell in May and Go Away was a fad this year. Because the stock market went up in May.
For the month, the S&P 500 was up 4.8%, the DOW was up 4.26% and the Nasdaq was up 6.75%.
The benchmark index for dividend investors, the S&P 500, is up 40% since the market bottomed on March 23, 2020.
May stock market gains pale in comparison to April but are significant nonetheless. …
Value: $2,710 | Gain: +$295 | Return: ▲15%
After a brutal March, April was positive for the markets as all major indices bounced back. For the month, the S&P 500 was up 12.7%, the DOW was up 11.1% and the Nasdaq was up 15.4%.
April was good for me too. Not only because my portfolio is up. It’s also the month I was born and I got to experience the joy of celebrating my birthday in quarantine. It was not that bad actually.
Let’s do the numbers.
Dividend Income: $4.12
I was born in Karachi. The last time I was there, Musharraf was in power; 2006 to be specific. Since then, there have been two instances when I felt like going back for a visit. One, after I discovered Irfan Junejo’s vlogs and two, after witnessing last year’s 021 Disrupt — Pakistan’s leading tech conference with an entrepreneurial zeal.
Before the pandemic, yearly starting in 2017, the who’s who of tech converged in Karachi for this premier tech conference. This year, the conference was virtual due to the pandemic allowing me, and many others all over the world, to attend…
Welcome to the first monthly dividend portfolio update — March 2020.
Yes, it was brutal. But believe it or not, it wasn’t the worst month ever for the stock market. I know, it sure felt like that.
Historically speaking, March 2020 wasn’t the worst-performing month for the stock market. In September 1931, the Dow lost 30.7%, making it the worst-performing month for the stock market.
Now you know.
Mostly caffeinated. Always introverted. Unquestionably polymath.