Welcome to the MAY edition of my DivGro 2.0 newsletter!
April was a tumultuous month, instigated by the Trump Administration's
so-called Liberation Day tariff announcement on 2 April. President Trump
slapped reciprocal tariffs on 185 countries, with the new levies ranging from
a 10% baseline tariff to additional duties for nations considered to be the
"worst offenders."
The announcement caused widespread panic selling and a significant increase in
market volatility. Some estimates place the global stock market loss at $8.56
trillion between 2-8 April.
My DivGro portfolio wasn't spared from the turmoil. I closed five positions,
including two of my largest closed-end fund holdings, so DivGro now contains
87 positions. Of these, 71 are dividend growth [DG] stocks, one is a
dividend-paying stock, five are closed-end funds, and ten are small
investments in high-growth stocks. By convention, I label stocks with dividend
increase streaks of five or more years DG stocks.
More than 1,500 members have joined DivGro 2.0 since its soft launch in
February 2023. I have decided to delay the formal launch of DivGro 2.0, allowing members
to continue with complimentary access to all content on DivGro 2.0,
including my
DivGro Portfolio.
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