5-Bullet Sunday – #10

It was a very interesting week again. The start of the year has been great for me and I am very happy that I defined my goals for 2020 not only based on Financial drivers.

I am just 2 months out and I can already feel the improvement in my quality of life. More about that in one of my upcoming posts.

For now, enjoy the read and don’t forget to offer the women around you a delicious coffee or a nice glass of wine. They deserve it today.

Happy Sunday!

#InternationalWomensDay #IWD2020 #TimingTheMarket #MarketSellOff #DeadCatBounce #Novartis #EuropeanStocks #MarkYusko #WarrenBuffett #PeterLynch

5-Bullet Sunday is a weekly blog post with 5 topics that were on my mind this week related to Financial Independence and Dividend Growth Investing or something that just fed my curiosity. An overview of other earlier posts can be found here

👩 International Women’s Day

Happy international women’s day to all the female readers and bloggers out there! 💪✨🎉

If you haven’t read it yet, check out this morning’s post about 3 female investors that I typically take inspiration from.

Also have a look at today’s post from Kari (money in your tea) with a list of our female colleagues in the DGI community. Very interesting!

🌟 Timing the market

5 AM Joel posted a nice link to a game that allows you to test how good you are at timing the market. This is how I did:

As you can see, I didn’t do too bad, but I second all the observations that 5 AM Joel had! It just confirms to me that time in the market is more important than timing the market, especially under current market turbulence.

🌟 Dead Cat Bounce

Last week the market had a steep rebound from the low’s of the week before, but at the end of the week it went quite a bit down again. Is this the typical dead cat bounce? Have a look at the chart below from the S&P500

I am not a trader, but I do keep an eye on the technical charts. In my opinion the most likely way is down, because I think that the news has not yet been priced in enough. The corona virus is still at the beginning of its spread in many western countries and at the same time we are coming from pretty high recent market multiples.

My advise is to just keep dollar cost averaging in and if you do have a war chest like me for these kind of times: don’t spend it all at once. Just increase your monthly contribution so that you spread out the additional spending over several months. In my case 12.

🌟 Recent purchase

Last week I shared with you my March watchlist and I didn’t need to wait too long for the first stock to get triggered.

Therefore I am now the happy owner of some Novartis AG ($SWX:NOVN) shares which I was able to pick up for 80 CHF. It’s just an initial position and I hope to add more if it drops further.

I purchased the stock with a yield on cost of 3.69% which is a pretty decent yield for a high quality stock like Novartis AG.

If you want to know more about why I purchased Novartis AG, then have a look at my analysis of the stock.

🌟 Famous quotes

This week I was reading up a bit and had a look at some of my classic dividend investment books and some of those epic quotes came to my mind again. I thought it would be just fun to share them with you in this 5-bullet Sunday as they are very timely.

Probably most of them are already known by you, but here you go:

Only in the stock market do people run out of the store when things go on sale

Mark Yusko

Only when the tide goes out do you discover who’s been swimming naked.

Warren Buffett

The stock market is a device to transfer money from the impatient to the patient

Warren Buffett

The function of economic forecasting is to make astrology look respectable

John Kenneth Galbraith

Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves

Peter Lynch

This was it for the week and I hope that you enjoyed this week’s 5-Bullet Sunday. I am personally very much looking forward for the upcoming week. I just hope that some of my purchase orders get triggered so that I keep investing for income.

For now, have a great remainder of the Sunday!

Yours Truly,

— European Dividend Growth Investor

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I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. I’m a person who believes and takes pride in a sense of freedom, satisfaction, fulfillment and empowerment that I get from being financially competent and being conscious managing my personal money. The contents on this blog are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my blog is appropriate for you or anyone else. By reading this blog, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information provided on this blog.

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