Thu. Nov 7th, 2024

It’s time to start bringing it all together. Since the inception of this blog our strategy was simple and straight forward. We positioned ourselves into key dividend stocks that meet our basic defensive portfolio.

Source: Econonaut.com Defensive Stocks

Our stocks such as Verizon and Comcast have dropped a bit since we bought them so while we collected dividends on those stocks we also have been accumulating more by re-investing the dividend in stocks then buying more through either selling of naked puts and collecting premium and if assigned add more stocks or outright buying more shares and selling calls against them to collect premium.

The covered calls & naked put strategy, in our opinion, is the best strategy for growing a dividend stock portfolio. Today, we executed a few trades to add to our positions but we will now wait until December to make any further decisions.

The Federal Reserve has an upcoming meeting in early November and in December and it may raise rates at one or both of those meetings. If the Fed does hike it will likely negatively impact the stock market and potentially cause more panic selling.

We’ll wait and see to what happens but while we wait it out for signs of normalcy we have been laddering T-Bills in 4, 8, and 13 week rotations. We have now accumulated approximately $100k of T-bills and will continue to add more until we get market clarity.

Stay tuned and stay solvent…