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Investing on hold due to COVID-19

Having to move home sooner than expected, my plans to really ramp up progress with the dividend investment portfolio have come to a sudden halt.

Just when you think you have a clear run during hard times, life throws you a curve ball. That’s exactly what occurred to my investing strategy to push through COVID-19. I’m lucky enough to work from home for my day job, which is brilliant for a pandemic that requires everyone to … well, work from home. Thing is, this world issue also affected my landlord. Having just started investing, this is the last thing my portfolio needed.

I’m renting a three-bedroom, three-bathroom semi-detached property in Cheshire. It’s a lovely recent build that has slowly been turned into a home for myself and partner after nine months of hard work. All was well until we put forward a request to extend our tenancy a further 12 months come September.

The landlord was unable to do so, needing to move back into the property once our tenancy comes to an end. The main issue with this situation is that all funds I would be pouring into my investment portfolio will now have to go into the ISA to prepare for the upcoming move. We’re frantically looking at places right now.

Reducing your reoccurring deposits is not the best feeling.

Weekly injections have been reduced to just £50, which is but a trickle when you want to ramp up your portfolio value and expected annual dividend income. Still, things could be worse and I don’t take my position for granted at all. In the grand scheme of things, this is actually a good outcome since it gave both myself and my partner a jolt into considering to get a mortgage sooner.

I did manage to pull off a few trades today, selling my Microsoft hold for a small profit that was then poured into AGNC Investment, Wells Fargo, and STAG Industrial. I’m secretly a fan of AGNC Investment and STAG, needing to bolster my real estate sector, and Wells Fargo seems to be a good decision for me right now. I’m well into three digits for annual dividend income, which is a great start considering I’m only just getting started.

By Rich Edmonds

Rich creates content for the top Windows-focused publication, but by night he tries to make his money work for him and rambles far too much here.

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