Friday, October 24, 2014

STOCKS REBOUND ON GOOD EARNINGS REPORTS

Looks like we're not in a market correction after all.  The recent rebound in stock prices credited to positive earnings reports has brought the value of my IRA and taxable accounts back to former values.  I was able to purchase some shares at lower prices, so it wasn't all bad.  However, I had hoped to pick up additional shares at the lower prices with dividends from the "big three" end of the month dividends from AOD, CRF and CLM.  But if there's one thing I've learned about investing, you hit some, you miss some.  I hit a few and increased my overall dividend yield for my portfolio.  I'll miss the cheaper prices for reinvested dividends at the end of the month, but it all works out in the end.

The renewal date for Obamacare insurance is coming up soon.  Enrollment begins November 2nd.  I'll have to have a look at the plans and see if I want the automatic re-enrollment or if there is perhaps a better deal.  So far, my insurance under Obamacare has paid $3 for the entire year of coverage.  Since I've paid more than that in premiums and the government has paid over $500 per month, I'm thinking it's not a very good deal for either of us.  I've actually lost money, since my doctor's offices no longer negotiate on pricing since I am insured.  Which means I've paid full price out of pocket.  I suppose if I end up in the hospital with another heart attack, I'll be glad to know they'll pay something anyway.

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