As I pen this article, the market is experiencing a notable downturn, with a roughly 300-point decline. This correction may present an attractive entry point for income-focused investors seeking quality dividend payers. While the S&P’s recent performance has been lackluster, making it challenging to find compelling deals, certain headwinds such as legal battles, economic slowdown, and credit downgrades have created opportunities for discerning investors.
As a seasoned dividend enthusiast and Navy veteran, I focus on building a portfolio of high-quality, blue-chip companies, business development companies (BDCs), and real estate investment trusts (REITs). My investment approach emphasizes buy-and-hold strategies, prioritizing quality over quantity, with the goal of supplementing my retirement income and living off dividends within the next 5-7 years.
I aim to empower hardworking, lower- and middle-class individuals to create investment portfolios comprising reliable, dividend-paying companies. By sharing my insights, I hope to provide a fresh perspective, helping investors achieve financial independence.
Please note that I hold a beneficial long position in shares of V and PEP through stock ownership, options, or derivatives. This article reflects my personal opinions and is not influenced by any external compensation or business relationships. As with any investment, it’s essential to conduct thorough due diligence and consult with a financial advisor before making any decisions.
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