Saturday, September 20, 2008

Update on the Financial Experiment

Well, it has been a remarkable two weeks in Wall Street.  Fannie and Freddie taken over, Lehman's going bankrupt, Merril snatched up by BofA, AIG taken over, and finally the Treasury proposing a 700 billion (that's billion with a b) fund to begin removing the bad paper from the financial industry.  The Dow this week has been down 5%, then up 3%, then down, and finally finishing the week on an up note on the news from the treasury.  My dividend porfolio is actually up by quite an amount from when a wrote in August.  I am still at a loss since the inception of the portfolio earlier this year, but only by about 1%.

And I sort of don't really care.  The only thing I'm focussed on is whether or not my companies are making their quarterly dividends, and so far they have.  The only companies I'm worried about are BofA and GE, but even they are holding in there so far.  Other continuing to monitor dividends, I'm not planning any major changes.  Steady as she goes.

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