June 2021 Update - A Small Experiment
Background: Dividend Portfolio - Dividend Growth Stocks. Speculative Portfolio - Good companies that are richly valued high growth companies. Both portfolios were started with 10% of my liquid assets each on Jan 1st 2021. June Update: Martina Navratilova was an early harbinger of change (see this month's story at the end of this post). I feel June similarly, is an early harbinger of change in the market. My May update had the following comments: For the third straight month, the Speculative portfolio continued to bleed while the Dividend portfolio continued to push ahead of even its pre-pandemic highs. The Speculative portfolio has now lost all its gains. June saw what could be the beginning of a reversal and the return of a risk appetite. The Dividend portfolio did not exactly fall, but it stagnated. The Speculative portfolio did not jump, but it did show signs of life. This is a market looking for direction and my bet is that a shift is imminent....