BMO:CC - March's Dividend Portfolio Update Sets New All-Time Record - 100 Holdings 21 Buys

2024-04-25 08:10:00 ET

Summary

• Global stock indices continued an upward trend in March, with both U.S. and non-U.S. stocks rising by 3%.
• Nvidia unveils groundbreaking Blackwell chip at GTC 2024, CEO predicts AI's influence will expand across all facets of life.
• Portfolio changes in March focus on BDCs, aiming to increase dividend income by at least $100 each month.
• Dividend income hit a new all-time record of $1,214 - up 27% annually and up 32% quarterly.
• Gifted Working Time 2024: Around 64 hours, or 6 days, of active work have been replaced with passive income in 2024, which is equivalent to more than one entire work week.

The upward market trajectory continued in March, with global stock indices recording their longest positive monthly streak since 2021. Both U.S. and non-U.S. stocks rose by 3% in March, and the S&P 500 index notched its best start to a year since 2019, positioning itself for further gains. Closing the month at 5,137 points, it confidently surpassed the psychologically significant 5,000-point mark. The DJIA maintained its mediocre stride, recording a modest uptick of 0.1%. It tantalizingly approached the 40,000-point milestone, capturing attention across trading floors.

The Federal Reserve remained on the sidelines, again opting not to make any moves in March. Inflation data continues to paint a sticky picture as price levels remained elevated compared to pre-pandemic levels, leaving investors wary. Personally, I see no reason for any interest rate cuts whatsoever, and I personally also don't expect any anytime soon, and I embrace that if that were to become reality....

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