It’s a Sea of Red

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Today can be looked at in, at least, one of two ways. It can be looked at as a buying opportunity for those who have a long framed time horizon, or it can be looked at as the start of a bloodbath. We do mot know yet. One thing, for sure, is that companies that are making money by building and selling quality products will continue to do so.

I actually wish I had more cash available to put towards stocks at the moment. The only cash coming my way will be my dividend payments later this month-I hope the deals last that long. Then again, the deals might be a whole lot better. No one can foresee the future.

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Either way, in order to continue to increase our income stream, we must stay the course and continue to add to our positions as the market flounders.

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* Is it sinking? Maybe it is just listing a bit! 

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I was on the fence with my covered calls yesterday, and I am still there. However, I am leaning towards selling the calls on T because things might get worse from here, and I can get some nice cash added to my dividend payment along the way. I may not see the rise in stock price if I do that (that may never come), but I will get an influx of guaranteed cash added to my account.

Either way, I am going to collect a dividend, so I win one way or another.

Anyone buying now? What are you picking up?

Good luck.

Keep cranking,

Robert the DividendDreamer

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About dividenddreamer

Doing what I can to make the best of today and the most of tomorrow.
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