KMI - DGI For The DIY: 2023 Dividend Portfolio Review

2024-04-08 03:22:22 ET

Summary

• The stock market shrugged off rising interest rates and global unrest to produce strong gains during 2023.
• The DGI for the DIY portfolio also managed double-digit gains for the year.
• Dividend income grew by 7.9%, lagging the double-digit portfolio growth target.

2023 Stock Market Review

The market in 2023 was a tough one to figure out as the "Magnificent 7" of big tech marched higher while the rest of the market spun its wheels waiting for the recession that still hasn't come. The debt ceiling drama turned into a nothing burger and rising interest rates and the ongoing war in Europe have done little to slow tech down.

All three major indices finished with double-digit gains for the year, but the 43%+ gains for the Nasdaq ( COMP.IND ) are a clear indication of which stocks were driving the market....

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