👋 Howdy Partner,

I’m feeling great… Want to know why?

Because I know we’re investing in great businesses that pay us to own them.

In September and so far in October, we have received $2,450.79 in dividends.

We’ve received over $9,000 in dividends so far this year.

Remember, my goal is build $5,000 in reliable, recurring, passive income. Every month. Rain or shine.

Right now, I’m projected to receive about $1,850 per month.

But remember, the portfolio is still being built - 37% of it is still in cash.

If the Portfolio were fully invested at the same average yield, I’d already be at 60% of my goal!

And once we’re fully invested?

Our Dividend payments will just keep growing. Look at this chart:

Current environment

Markets can change fast.

In August we were squarely in ‘Greed’ mode:

We ended September in ‘Neutral’ mode .

On Friday, Trump’s threat for more tariffs on China moved us back to ‘Fear’ mode.

If the market stays in ‘Fear’ mode, we’ll be looking for attractive places to put cash to work.

Our Buy-Hold-Sell update had 188 ‘Buy’ rated companies on it.

But that’s not what today’s email is about.

Today, we’re talking about the companies that we already own.

Let’s look at the fundamentals of the Portfolio.

Portfolio Fundamentals

Our goal is simple.

We want to buy great companies and receive our share of the profits.

So far, I think we’re doing a great job.

Why? Because our companies have very healthy fundamentals:

Our portfolio companies have:

• Better balance sheets

• Better capital allocation

• Higher profits

• More cash generation

• Better past growth