Welcome back to Dividend Talk! In episode 241, we dive deep into their Q1 2025 portfolio performance and tackle the hot topic of tariffs shaking up the markets.
Q1 2025 Portfolio Check-In
First things first, let’s talk numbers. Derek reports a fantastic 20% year-over-year increase in dividend income, while eDGI boasts a solid 13% growth. Both are pleased with their progress, despite the recent market volatility.
The Elephant in the Room: Tariffs
The conversation quickly shifts to the significant impact of tariffs on the stock market. We identify sectors and companies most vulnerable to tariffs, particularly those with complex international supply chains, low margins, and high import/export dependencies.
Key Takeaways on Tariffs:
- “Blast Zone” Companies: Companies with low margins and intricate global supply chains are most at risk. Think tech manufacturers, apparel companies reliant on overseas production, and businesses heavily involved in international trade.
- Temporary Headwind or Long-Term Shift? Both of us view the current situation as a potential temporary price headwind but emphasize the importance of closely monitoring company earnings and guidance in the coming quarters.
- Patience is Key: Avoid panic selling and resist the urge to make impulsive decisions based on short-term market fluctuations. Wait for the dust to settle and assess the long-term impact before making significant changes to your portfolio.
- Local Focus: Companies with a strong domestic focus and less reliance on international trade may fare better during tariff-related volatility.
- Pricing Power: Companies with strong pricing power, like luxury brands or essential software providers, may be better equipped to absorb or pass on increased costs.
Strategies for Navigating the Uncertainty:
- Stick to Your Plan: Maintain your long-term investment strategy and avoid deviating based on short-term market noise.
- Dollar-Cost Averaging: Continue investing consistently, regardless of market conditions, to take advantage of potential dips.
- Reassess Dividend Safety: Pay close attention to company earnings reports and dividend announcements to ensure the safety of your income stream.
- Consider REITs: Real Estate Investment Trusts (REITs) may offer some protection in a high-inflation, low-interest rate environment.
- Stay Informed: Keep up-to-date on the latest developments in trade policy and their potential impact on your holdings.
Other Topics Covered:
- SCHD ETF Accessibility: We have some frustration with the limited availability of the SCHD ETF to European investors.
- Dividend Initiators: We discuss the potential of companies initiating dividends, like Booking Holdings, as long-term growth opportunities.
- Specific Stocks: They share their thoughts on various companies, including Nike, HPQ, Shell, and several pharmaceutical stocks.
- The Political Climate: They touch on the influence of political events and decisions on market behavior.
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