July has passed, I’m about to go on vacation to Italy and I plan to earn a lot of passive income while I’m there! In the meantime, here is the review of the month of July!
In the middle of every month I will update my current stocks watchlist, and post a top 3. Below are my reasons for looking at these stocks, for current valuations and a list of 25 stocks please visit my ‘Watchlist’ page.
I will explain my top 3 watchlist stocks briefly based on sentiment, P/E ratio and ‘% off 52 week high’:
On thursday the 17th of May I decided to let go of my Sanofi shares, I collected the yearly payout and got a small capital gain. I let them go as I’d like to focus more on quarterly dividends and I don’t really like the tax situation in France, it’s too much of a hassle for me. This resulted in a -€38,18 for my net yearly dividends.
Compounding, or compound interest. You have heard of it, but what is it and what does it mean? Basicly it’s earning interest on your interest, it’s the basis of ‘making your money earn money for you’.