It is good to commiserate with my Dear Tiger Friends and share our sorrow in this Bear Market.
$Energy Select Sector SPDR Fund(XLE)$ is the only green in a sea of reds in my portfolio. It has gained 4% today on the latest news of possible sabotage in the Nord Stream pipeline in Danish waters. There is also talk of OPEC reducing production in the current slow down in global economy.
XLE tracks the performance of the largest US Energy Giants in the S&P500 Index. The Top 2 stocks, Exxon Mobil and Chevron Corp take up 43% of the ETF. XLE is well diversified and minimises my risks on single stock.
Best of all XLE pays attractive dividends every 3 months. The current dividend yield is 4.4%. I have just collected my dividends in September and look forward to the next one in December.
In a Bear Market, dividends are a good source of income to me while waiting for capital growth.
Go Long Go Strong Go XLE! 🚀🚀🚀🌛🌛🌛💰💰💰
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