So apparently, Sell in May and Go Away was a fad this year. Because the stock market went up in May.
For the month, the S&P 500 was up 4.8%, the DOW was up 4.26% and the Nasdaq was up 6.75%.
The benchmark index for dividend investors, the S&P 500, is up 40% since the market bottomed on March 23, 2020.
May stock market gains pale in comparison April but are significant nonetheless. If you remember, right before the end of May, people took to the streets to protest – yet that didn’t faze the markets a teeny tiny bit.
But V-Shaped recovery?!?!
Looks more like a swoosh. Recovery, nonetheless.
Let’s do the numbers.
My May 2020 – Monthly Dividend Portfolio Update
Dividend Income: $3
I increased my buying in May, compared to April, as I doubled down on companies where I was still in the RED even though the market went up and up. As dividends are paid based on numbers of shares, the more you can scoop up, the better.
I bought Johnson & Johnson, Walmart, and Costco and made weekly investments into my M1 Finance Pie.
Couple weeks in June, we have already witnessed record highs amidst the official declaration that the U.S. is in recession. It’s safe to say that predicting the markets during the time of unprecedented events can be a fool’s errand.
I feel optimistic. My portfolio crossed the $5,000 mark today.
Dividend Income: $7