IVT - 9 Stocks I'm Buying In Late May
2024-05-25 08:05:00 ET
Summary
- My natural inclination is to save money and invest in dividend growth stocks, but it pays dividends to remember that the ultimate goal is the financial freedom to enjoy life.
- The article highlights the shift in market narrative from rate cuts to potential rate hikes, and the impact this has on stock prices.
- I maintain that the economy is in disinflationary mode, and the economic drag caused by fiscal largesse and government debt actually reinforces this.
- Gold is not correlated to inflation, but it is strongly correlated to deficit spending as a percentage of GDP.
- I discuss the 9 high-quality dividend growth stocks on my buy list right now.
I'm a natural saver.
I get strong satisfaction and a sense of security from being able to stash away money every month, investing most of it into dividend growth stocks that further my passive income snowball.
That makes spending money hard, even painful at times. Intellectually, though, I know that the purpose of my accumulated wealth and passive income is to be wisely stewarded and enjoyed.
I wrote a lot more on this subject in my New Year's post, " Investing In The Good Life ."
Ample scientific research has shown that money or wealth in itself is not what engenders a happy, fulfilled life. But using one's wealth to invest in the various elements of a good life, such as close relationships and time in nature, does tend to promote the good life.
My wife and I recently did just that, having traversed Scotland from Edinburgh to the Isle of Skye over the last few weeks. We saw 12 castles, ate fantastic food, and hiked through some stunning, otherworldly landscapes in the Highlands....
9 Stocks I'm Buying In Late May