Update #002 - May 2021

Here I am, June 2nd, re writing this post because freaking Blogger editor is crap... and deleted all my draft when I was trying to copy a freaking table to it. Anyways... May did not go unnoticed to me at all, lots of interesting events in tha finance world, from the crash in Bitcoin and other cryptos, to a deep in the SP500, AT&T announcing Warner media spinoff, etc. Adding to all the financial madness, Ireland has provided some of the sunniest days I can remember, so all in all things in May were interesting.

Personal finances are looking good as well, second highest month in expenses coverage with passive income reaching 1.89%. As usual, mostly driven by the P2P portfolio returns and less than half by dividends from my stock portfolio. No big chances in the P2P portfolio, although a few things are not looking so nice. I did make some changes in the stock portfolio that you might find interesting, bought some deep in the lows we had in the first half of May 

AT&T is getting rid of Warner Media and cutting their dividend! I'm selling Comcast!

May is proving to be a very emotional month for the stock Market, and here I am licking my wounds after the shocking news about my dearest dividend stock AT&T. In a nutshell, they have announced they are finally giving up on their dream of becoming "a modern media company". Yes, they will sort of spin-off their Warner Media (acquired in 2018) business and merge it with Discovery to from a new company while T will focus on their telco business (which may not be a bad idea). But getting rid of the second largest income generating business (and the only one really growing) in your portfolio doesn't come for free... they will cut their dividend!!!