Wealth: January Dividend Income

Part of investing in dividend growth stocks is trusting in the process. There are going to be some good months and there are going to be some bad months. The trick is to try to align for dividend payments to be about equal every month. This is a trick that I have not yet mastered. As one can see from last years dividend payments, I might be a little off as far as consistency goes.

I can't give up though. The dividend snowball is a slow moving process at the start as you try to build up a good enough roll to get it moving. While months like this January may have felt small in comparison to some other months or small in comparison to where I thought it might be by now, it is still an amount of money that I wouldn't otherwise have.

It's good to keep this lesson at the forefront of my mind as I don't want to start straying from this path. If I think too much about other "get rich quick" schemes, I may find myself potentially falling for them and that just simply will not do! It simply will not do at all - not one bit! One has to remember the other types of dividends that have been given through the month.

Recent Buy: Royal Caribbean

There comes a point in the history of a portfolio where it has to move past the safer bets and move on to picks that are outside of the normal channel or realm. We move to a point where bets are on and the market and humanity will guide our next move forward. That being the case, I’ve differed to the judgment of my grandparents.

I know this isn’t always the immediate gut reaction when it comes to investing but sometimes it’s a great move when you’re stuck on what to dip your portfolio into next. I have been feeling a bit jaded lately and that has spilled over into having very little to write about. This has also made it tough to think of companies to evaluate. That’s why I moved to the preference of a generation that is removed from my own to see from a different angle what I may not be seeing.

One could argue that I should have seen their answer coming but it was an immediate gut response from them that I should look at cruise lines. In the past I have hurried past these stocks as they seemed all to cyclical and as we are in an upswing, overpriced. Regardless, I paid them a look – Carnival, Royal, and Norwegian. All three stocks actually showed way more promise than I had initially thought. One clear winner however emerged from the pack. That winner was Royal Caribbean. Let me share why.