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- Nourish Your Roots Newsletter Issue #8
Nourish Your Roots Newsletter Issue #8
Happy New Year and Let's Get Nourishing
Dividend Roots
January 20, 2024
Let’s Get Nourishing
ISSUE #8
Happy New Year!
Welcome Back! Thank you for coming back to read through another issue of the Nourish Your Roots Newsletter.
I hope the holidays were filled with joy, relaxation, making of new memories, time with family and more!
After this month off, a lot has happened so let us dive right into it!
First and a major change was I switched Brokerages from Charles Schwab over to Fidelity. This was done for a few reasons but a glaring one was due to Schwab not having easy to access fractional shares, as well ZERO fractional shares for ETFs (exchange traded funds) but Fidelity did offer this option. While learning a new platform brokerage has been interesting I feel more confident in the direction I am heading. Another reason was I have started to take a much larger role in managing my personal finance. I moved my ROTH IRA retirement fund into fidelity, my daughters account is in fidelity. I did not want to have so many accounts floating around in so many places so I moved my Dividend Roots Portfolio over and now have everything in one place.
I also entered a challenge with a friend of mine to buy in cash the week of the year equivalent of V (Visa). Currently this is 3 weeks into the year and we have not missed a week yet. Sweet. But I feel for goal tracking or participating in challenges making it spicy is excellent way to spruce up investing overall. If you want to take a more active approach. Some say they check their accounts once a month… but me personally I have to look at least every hour mostly because I enjoy seeing my progress. My portfolio is something I built up from nothing without having any knowledge and I am excited to just admire my work constantly.
It is 2024, and we are still early enough in the year that we can finish setting up goals and plans for the rest of the year. Just because 2023 ended it does not mean we are done nourishing our roots. This is more than a concept. As investors the more we nourish out portfolio, the more we support our portfolio the bigger and more bountiful the tree of our future becomes.
This week coming up, take some time and refresh you goals that you set for yourself double check! Make sure they are attainable, but its ok because if you shoot for the moon and miss.. you will land amongst the stars.
I guess a good way to wrap this newsletter up for this week. Reset but stay consistent… remember consistency is King.
You can always reach out to me through email ([email protected]) or through X or Twitter @DividendRoots… I don’t know what to call it…
Nourish Your Roots.
-Gio
DIVIDEND DATA UPDATE
Click here —> ROOTS PORTFOLIO
Overall Comments: I am going to do a portfolio update at the end of the month instead of the week, too many little snapshots sometimes misses the bigger picture 🙂
X HIGHLIGHT OF THE WEEK
This section is dedicated to a X member who offers meaningful, thought provoking finance, educational, content while maintaining a positive attitude and supporting members of the community. I suggest giving them a follow and checking them out
X Profile Spotlight :
The spotlight for this week is awarded to @dividenddad1. This individual offers relatable content sharing little snippets of his day to day activities while providing solid finance content and updates of his portfolio. He also provides overall great finance information that sure gives me motivation and I know it will benefit you too!
I reached out to Dividend Dad and asked him about his goals for 2024. He responded with
“My 2024 investment goals would be to keep diversifying and expanding my portfolio. Always looking for opportunities to grow/expand myself and my portfolio.”
Personally what I like about his response is its simplicity. Sometimes it can hinder our goal tracking if there are too many sections and little objectives. Straight to the point with a clear direction. Going forward I would like of you to think about , and I will as well.. how to simplify goal tracking and progression we set for ourselves over the course of the year.
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Resource Center Section
Tools that I utilize
These websites and apps listed below I personally utilize on a daily basis for research, news and portfolio tracking.
Investing Spotlight Dividend Tracker/ Budget - refined and very useful tool for tracking dividends and budgets. Highly recommend as this tool offers many different metrics to track so many different aspect of your journey!
www.thedividendtracker.com - easily one of the best tools that I use to research dividends and its very beginner friendly. The free version has exceptional options available to you for taking a deeper dive into stocks and keeping track of the progress of your portfolio over time. There is a paid version you can upgrade to and offers tools such as a payout calendar, calculators and much more! Definitely worth checking out. Also comes as an app 🙂
www.seekingalpha.com - an excellent website tool that offers some seriously in-depth analysis of stocks that you research. There is a free version for some simple portfolio tracking and a paid version that offers way more options such as comparisons to other stocks and history and way more! Also comes as an app. 🙂
www.finviz.com - great tool for screening stocks, getting charts and graphs and comparisons. If you want quick or indepth analysis this is a great tool to have access to. PLUS its free 😄
Div Tracker App- Free app decent tools/ paid version offers some extra tools. Allows for quick tracking on phone or tablet and has a payout calendar which is always fun.
Book Corner
The books listed here are ones that I have read along my journey to teach myself investing principals as well as develop a better understanding of financial literacy. This list will be ever growing 🙂
Podcasts
List of Podcasts that are great for beginners and veteran investors that I listen to daily. They offer book reviews, stock reviews and thought provoking discussions. I usually listen in the morning on the way to work and on the way home from work, then i can sit and reflect on what the podcast is talking about.
Brokerage
Charles Schwab
Robinhood
Fidelity
Photography Highlight of the Week
