Aloha Investors!
I hope everyone had an awesome week!
It seems like the stock market is reacting to a lot of news about AI and inflation. If you haven’t seen Powell’s Jackson Hole speech today then you should take a look at it and see if you understand what is going on with the economy. Below is a good link to what the inflation rates look like from 2013 until 2023.
Powell Jackson Hole Speech – https://www.youtube.com/watch?v=A9Pz0vIi5yQ
https://www.usinflationcalculator.com/inflation/current-inflation-rates/
If you have a chance take a look at what June and July inflation rates are at and what Powell talks about in his speech. It basically comes down to the fact that the feds want to bring the inflation down to 2% and he wants to wait to see what the rate is in August. If it doesn’t show progress towards the 2% he will probably increase the interest rates a tiny bit further to make that adjustment.
I plan to keep on investing in the stock market to get my favorite stocks while it is cheap and also keep cash on the side for emergencies. I also want to thank whoever donated to Maui! It will help feed and keep the people of Maui fighting to rebuild Lahaina! Mahalo!
My Investments for Friday, August 25, 2023
Combined Value of – $253,068.49
Apple Savings Account (4.15% APY) – $1,205.78
Individual Stock Account – $144,085.12
Starting buying power: $377.80
Buying power remaining: $8.68
Apple (AAPL) – 2 Shares
Price per share – $177.505 = $355.01
AT&T (T) – 1 Share
Price per share – $14.1075 = $14.11
Dividends for August
Qualified Dividend AT&T. (T) – $35.83
Dividend Reinvestment (DRIP) – Bought 2.501 T @ 14..3237
Qualified Dividend Apple (AAPL) – $159.90
Dividend Reinvestment (DRIP) – Bought 0.914 AAPL @ 174.9664
Roth IRA – $77,337.76
Starting buying power: $233.51
Buying power remaining: $20.74
Vanguard High Dividend Yield Index Fund ETF Shares (VYM) – 2 Shares
Price per share – $106.385 = $212.77
Dividends for August
No dividend payouts for August as of 08/25/2023
Traditional IRA – $30,439.83
No shares bought at this time
Next investment: 09/08/2023
Buying power remaining: $96.53
Dividends for August
Qualified Dividend Apple (AAPL) – $40.80
No Dividend Reinvestment (DRIP)
It’s Never Too Late To Start Investing!