I love September 30th (and the last days of March, June and December). The last day of the 3,6,9,12 months are huge dividend days for income investors.
September was NOT a terrible month for folks holding preferreds and baby bonds (a general observation). Certainly there were issues that got spanked soundly, but by and large losses were likely modest–or even non existent.
When the dividends hit the Fido account today it felt like Christmas. I was break even (more or less) for the month yesterday then the dividends hit overnight–yes!! This account stands at a record high now—-other accounts are a bit shy of highs (I think–eTrade doesn’t update their dividends as quick as Fido).
It is a bit silly worrying about a few dollars here and a few dollars there–but my wife does look at the accounts occasionally–and she only understands UP–anything with red is ‘not allowed’. So when the evening news talks a ‘market meltdown’ she gives me ‘the look’ — pretty funny. We can’t all be Gridbird – some of us have to answer to higher powers.
Well October starts tomorrow and I think we will see some wild rides–but then who really knows–guess we will find out soon.