The trading floor held it’s breath today as the minutes winded down and the votes were tallied on the $700 billion dollar bailout that failed to pass in the House today, marking the largest drop in the stock market since the terrorist attacks of 9/11. I’ve never personally witnessed a larger drop in my brokerage account, and investors everywhere are feeling the pain.
With this in mind, it’s time to do some damage control. Take a list of your portfolio and start doing some research into whether your dividend stream is safe. A steep recession often leads to cuts in dividend
Since leaving the corporate world, I made the decision that I didn’t really want to go back. I didn’t like being stuck in an office all day. I hated having to drag myself out of bed to do work that had long since worn at me, day in and day out, for 40 hours a week. The problem I immediately ran into was well that’s all well and good, but how will you pay for anything? I had to move fast. I did enough in emergency funds to keep myself running, and I signed up for COBRA benefits to keep
About Me
My name's Frank and I'm a life long seeker of passive income and dividends. I work in Financial Services and invite you to join me in my search for the holy grail of finance: passive income. My methods tend to be unorthodox but effective. Whether it's through investing or other means, I believe in creating many sources of income to give me the flexibility to live the life I want, when I want it.
Recent Posts
- Adsense Earnings Update: September
- Dow Falls Another Couple Hundred Points: Yield Hunting Time
- Playing it Safe: Seek Other Income Sources
- BAC Cuts Dividend, Gets Clocked
- Dividend Stock Ideas
- Bailout Fails: Keep an Eye on Your Dividends
- Working for Yourself: Challenges and Stress
- Considering Berkshire
- Who Doesn’t Need to Borrow These Days?
- Cashing in on Green Technology
