With the Autumn season coming upon us next week, I guess it is time to say farewell summer 2020. On the financial side, it was a pretty okay to mediocre summer on the dividend front lines. I did make some nice buys at the beginning of summer and the dividends kept rolling in. However, I also took the hard WFC cut which lowered my dividend by $162.31 in July. Most, if not all of that, will be made up with my next Autumn purchases. But dividend cuts still suck! I am still awaiting the cut from D and hoping that is the last of them. I expect a few more dividend increases in the last few months of 2020. This is it; the last quarter of the year is just about here!
Nobody really knows what is in store for us this coming Fall and Winter. There are talks of a 2nd wave of COVID-19 possibly coming and talks a vaccine possibly coming before the year ends. But nobody can say for sure. Here in New York City the infection rate has been lower than 1% and starting September 30th indoor dining will resume at a cautious 25% capacity limit with a variety of necessary protocols. Outdoor dining has been available and I have been able to eat at some restaurants outside. There has been both a feeling of acceptance of the “new normal” and a sense of a return to the “old normal” in some ways. In the end, when all this is over, I think we will end up somewhere in the middle.
So, it is time to say farewell summer 2020. September’s dividends are still rolling in and I will report on my results on the first day of next month. I am getting ready for some new stock purchases in a few weeks’ time. Can’t wait! But for now, here are some nice shots I took this summer from the shores of Brooklyn. Enjoy!
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