So I recognize that I’m being too impulsive with my buys. Today was just the worst example. I understand enough not to react much to the market brief term and begin selling too. I can’t say the same for buying. Macy’s wasn’t even on my radar. I had been actually beginning to screen utilities for further diversification and looking of which current positions, I might like to add to.
Next thing I now I bought two shares. This is a wakeup call. From on things will be different now. Yesterday This started. I saw Macy’s, Nordstrom and other consumer stocks took a significant dip. I remember being truly a little shocked that Macy’s would fall so quickly. When I think of Macy’s I believe of the parade.
70.12 in the last year respected in the low 30s. Just how much lower could it go really. The dividend yield was over 4. I get the falling price makes the yield appear high. However, Macy’s has 6 consecutive years of significant dividend increases. AFTER I was looking at the literature encircling Macy’s falling price, most what I was reading was mixed.
That Macy’s is shedding market share to e-commerce companies like Amazon which it could be a change in how business could be achieved. However suits aren’t heading to be ordered exclusively online. People like to try on clothing. Surely Macy’s has enough of brand and is large enough it gets the potential to reinvent itself.
Maybe I’m naive, but I just don’t see department stores disappearing overnight. I decided to wait around and find out what occurred when the marketplaces opened this morning. I saw Macy’s stock decrease almost another four percent almost immediately. Etc impulse I bought 2 stocks for what I believed to be a great price of 31.40 per share. It seems others acquired the same idea I did so.
- You can simply deal with the property
- Unintentional Long-term Investing
- 2017 Funding: $4,250,000
- The inflation rate in america averaged about
- Review the POA regularly
- Unsecured Creditors
I honestly see two major problems with my buy. First I didn’t even look for new information. I saw the price drop and I swooped in because I saw a good valuation and a decent recent dividend background. The second problem was I wasn’t even planning on buying anything. In hindsight I don’t believe I made a terrible buy.
But I don’t believe it was the grab I was thinking in as soon as either. I believe it could go in any event really. The valuation does mitigate a few of the risk. But overall I believe my decision making was both reckless and sloppy. What I realize now could be that I need to better formalize my requirements for screening and buying dividend stocks.
That I also need to be more disciplined and measured about my purchases. Investing with real money isn’t a gaming, today could in the end lose me money in the long term and responding the way I do. This is part of the good reason which i am pleased for the Robinhood App. I’m able to proceed through this learning curve at reasonably low stakes. Disclaimer: This post is perfect for entertainment purposes only. I’m not a financial advisor. I do not even play one on tv. Please do your own research before getting into any investment.