Market Wrap-Up for July 29 (AVP, BEN, CLF, CL, K, V, CNX, more)

Filed in dividend, earnings, Gold, Gold Investing, ubs by on July 29, 2010 0 Comments

We have seen some sleepy summer days in the market lately, but this is no excuse for investors to become complacent. There are lots of economic headwinds that we continue to maneuver through, and we don’t see this situation changing anytime soon. I’ll often get asked about someone wanting to throw a chunk of money in the market in one fell swoop after finding our site and reading a bullish article that I may have written. This is not what you want to be doing with your money, EVER! Scaling into positions is the best approach for someone that has money they would like to put to work. You see, the job of investing is not a one-day hit-and-run event. It is, as I always tend to say, like taking care of a garden. If you begin to neglect the garden, it won’t be long before the weeds sprout up everywhere and the harvest becomes less and less productive. Don’t ever get bored. Stay methodical, look for opportunities, and remain on course by putting funds to work in quality dividend-paying stocks. We always aim to have the “recommended” stocks on our list as names we would either initiate a position in or even add to existing positions. More importantly, begin to use more and more of your savings if you can afford to, and start putting it to work for your retirement or other big event in your life. Investing isn’t a sprint, it’s a marathon. Veer off course, and your road to success will get longer. Looking at today’s market, the early euphoria that pushed the averages higher has begun to fade. We saw some strong earnings out of the gate from the likes of Avon Products ( AVP ) , Franklin Resources ( BEN ) , and Cliffs Natural Resources ( CLF ) . Offsetting the early pop were disappointing results from companies such as Colgate-Palmolive ( CL ) , Kellogg ( K ) , Visa ( V ) , and Consol Energy ( CNX ) . We remain focused on the data we are seeing and will continue to keep subscribers alerted as to further changes we make to our recommended list, as well as out dividend watchlists that are published every weekend. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Market Wrap-Up for July 29 (AVP, BEN, CLF, CL, K, V, CNX, more)

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