BRT - February's Dividend Portfolio Update Sets New Record - 100 Holdings 19 Strategic Buys

2024-03-13 08:10:58 ET

Summary

• US stocks climbed higher in February with the DJIA adding 0.4% and the S&P closing in on the 5,000-point mark.
• Interest rates were kept steady again in a range of 5.25% to 5.5%, with the market now projecting fewer hikes this year as the economy remains stronger than expected.
• Net investments reached around $1,700 in February, primarily targeting high-yielding BDCs.
• Dividend income hit a new February record of $643 - up 4% annually and down 14% quarterly, with the goal of adding at least $100 in forward dividend income every month hit again.
• Gifted Working Time 2024: Around 31 hours, or 3.9 days, of active work have been replaced with passive income in 2024, which is basically equivalent to almost an entire working week funded with dividends.

February 2024 in Review

The year 2024 continued its bullish stride into February, marked by an earnings season that exceeded expectations. Buoyed by contained inflation and stable interest rates, investors continued to buy into the resilient market.

The DJIA maintained its upward trajectory, recording a modest uptick of 0.4%. Closing the month at 38,467 points, it edged ever closer to the significant milestone of 40,000 points. This is another psychological barrier with easily captures attention, but at the end of the day, the significance of such numbers remains negligible. The S&P 500, which remained relatively flat in January, closed February at 4,925 points. It positioned itself nicely to breach the 5,000-point mark, another level that resonates with market enthusiasts....

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