I like to track my investments in a visually fun and appealing manner instead of just plain boring spreadsheets. Don't get me wrong, I like spreadsheets, but creating visualizations of my investments is more fun and it keeps me motivated and engaged while providing useful data about my investments.
The "Heat Map", which I've implemented as part of my stock watchlist system, identifies stocks that are cheap or expensive based on their 52-week trading range. I call it a Heat Map because stocks with lots of red indicate stocks that are likely expensive or in high demand vs. green bar which indicates stocks that are not so hot, but are trading cheap.
In this blog post, I'm going to talk about my dividend paradise, which is built on high quality dividend paying stocks. I'll also shed some light on how I track and ensure high credit quality across all my stocks. Below is an illustration of my paradise with its foundation supported by dividend paying stocks.
Today most Americans (about 143 million people) are waking up to the news of their personal information such as Social Security numbers, names, date-of-births, and in many instances driver's license numbers stolen from Equifax.
Equifax is one of the three credit information provider companies that collect and provide credit information to lenders such as credit card companies and banks. They are the ones who maintain our credit scores which then along with other personal information such as credit history is used to determine if we are worthy of a new loan or a credit card.
Stock watchlist is simply a list of stocks that one wants to buy when the conditions are right. Buy conditions can be triggered by a short-term company issue or industry specific downturn, but many times they can also be triggered by a broader market correction.
My watchlist contains stocks that I've already researched and interested in buying at sometime in the future when they are trading at the right valuation or price.
Investors often gripe with what to do with the uninvested cash sitting in their brokerage accounts earning next to nothing interest rate while waiting for a market correction. I've been feeling the similar blues as I do have some cash from recent sales of a few overvalued stocks that I would like to reinvest.
However, the market is quite overvalued and it's hard to find bargains. Therefore, I would like to find a good place to park my cash while I wait for a bargain or a correction to show up.
So what are the choices for parking cash and earning some interest?
I don't mind rain, especially when it's my favorite type of rain "The Dividend Rain".
The dividend rainy season starts each quarter when most companies announce quarterly reports and dividend payouts. The dividend rain increases in intensity and volume as more and more companies, announces their dividends, with many increasing their dividend payments.
The season normally ends with one or two lightning bolts of a few big dividend increases and payments. In this post, I will show you what my dividend rain is made of.