Dividends, Energy, and Crypto
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 23 July 2021
⏱️ 24 minutes
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Summary
I do something a little different in this week’s Dividend Cafe – I cover three topics, and pretty separate ones from one another at that. In my mind they are all connected – but lots of things are connected in my mind that may not make sense to others.
In this case, I see them as distinct topics yet connected in the sense that they all are part of our investment worldview at The Bahnsen Group. The challenges to dividend growth in index investing, the particulars around the Energy sector in 2021, and the inconvenient truths about bitcoin – these are three separate topics, but they are all topics we have thoroughly developed beliefs about, beliefs that are an off-shoot of our foundation.
And we dive into some COVID stuff that is alone worth the price of admission – chart-filled and everything!
So view it as one topic with over-arching connectivity, or a three separate topic week, but either way, this is a Dividend Cafe you will be glad you read.
Transcript
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| 0:00.0 | Welcome to the Dividing Cafe weekly market commentary focused on dividends in your portfolio |
| 0:06.5 | and dividends in your understanding of economic life. |
| 0:12.4 | Hello and welcome to this week's Dividend Cafe video and podcast. |
| 0:17.8 | I have a few different things I want to talk to you about today. |
| 0:20.6 | It won't be a particularly long one. I think I've gone things I want to talk to you about today. It won't be a |
| 0:21.2 | particularly long one. I think I've gone pretty long the last few weeks, but I kind of went |
| 0:26.4 | in a few different directions with Dividend Cafe this week. And they're all intertwined to some |
| 0:32.4 | degree, but I don't think the way that they're connected is readily apparent other than maybe |
| 0:37.0 | inside of my own head. |
| 0:38.4 | So let me kind of get into it and see if these takeaways are helpful for you. I think all three |
| 0:44.8 | are even if not connected, even if just independent of one another, helpful and important |
| 0:50.1 | investment reminders. And that is, after all, why we're doing this. Okay, a chart hit my |
| 0:58.8 | desk this week that kind of blew me away, which was the income year over year from the S&P 500 |
| 1:06.6 | is currently on a trailing 12-month basis down 1.6%. |
| 1:11.9 | And that's sort of the byproduct of a lot of the dividend cuts that took place and |
| 1:16.9 | dividend suspensions that took place out of COVID. |
| 1:20.8 | Then you were feeling those cuts and suspensions by summer and into fall. |
| 1:27.7 | And so now we're in this heavy 12-month trail period where there was a reduction in |
| 1:33.5 | income out of the S&P 500. |
| 1:37.0 | And you also, in the same chart, see that the growth of the dividends in the S&P, even though it had always been positive |
| 1:47.1 | since the financial crisis until this last year, when it actually went below zero, it has been |
| 1:54.9 | declining pretty much every year. The great of growth of income coming from the S&P 500 has been declining every |
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