(M1#6) Defense Stocks Down, but Overall Up!

After the market closed on Friday, May the Fourth (be with you), I was surprised to see that I was overall up. I was even more surprised that my REITs are still maintaining a 1.76% overall gain, considering the volatility they have been displaying. I suppose when they plunge, many investors see that as a buying opportunity. I’m just holding for the long haul to earn compounded yields from all the dividends.

Defense Stocks Down

For some reason I thought that buying defense stocks was a good idea because America has the biggest defense budget out of any country in the world. For a while, they have shown some market gains, but since I purchased them, they have shown some major decline.Lockheed Martin: -10.02%Northrop Grumman: -13.06%Raytheon: -7.40%My other stocks have shown some pretty good gains, maybe I just bought in at a bad time. Still going to hold these stocks though, but maybe at a lower slice.

Conclusion

Bonds are still overall down, but again I just need to hold these for a while. Overall pretty happy with these gains. The dollar cost averaging method of $10 a day has been working pretty well for me mentally. I don’t have to keep analyzing the market to buy in at the right time. I also don’t have to take time out of my day to make a trade and decide how much I should spend. This puts me at ease and frees up more time for me to do other things.

Shameless Referral Link

As always, here is my referral link if you want a free $10 for signing up. Happy investing!

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