The combination of strengthening in USD, increase employee salaries, and plan & development in ecomerce has spooked the Wall Street crooks and Halloween is still two weeks away. The crooks sent Walmart stock 10% down today, marking the down triple digits in red. What do I do on the red day? C’est simple! Achète! Achète!
I bought 20 shares of Walmart stock today at the price of $61.11. This yield right about 3%. And will increase my annual dividend by $39.2. This will increase the total number of Walmart shares to 130 shares. I don’t remember Walmart has been trading this low since 2010. Maybe, I’m wrong, but it’s a good thing to stock up on Walmart.
Even buying WMT during the market high in 2005 will still increase your $10k investment to $18.4k (84%, or 6% per year, way above the inflation and above the 0% interest rate). Dividends sure do its job.
Forget about the WMT price at the all time high, focus on 30% discount we have in Walmart right now, the s&p is only down 3%, Walmart has already corrected for the year. In 2009, when everything was down by 50%, WMT hold its ground. If we are going through another recession WMT will outperform everyone else. Otherwise, I’m collecting my 3% dividend until my old age.
What’s about you? Have you bought anything lately, or you’re holding back because the market is having a run up?