Category: Dividends

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Dividend Stocks Dividends Portfolio

Dividend Portfolio: 5/13/2022 Week in Review

Welcome back to Dividend Dollars and our weekly review where we discuss what happened in the market and our portfolio.

This week the downtrend continued in the markets with each of the major indices falling more than 2.0% this week. 10 of the 11 S&P sectors closed lower with 5 of them falling more than 3% (IT, consumer discretionary, financials, and real estate). Consumer staples, one of the more defensive sector, ended with a 0.3%.

Inflation readings remained high, but a better than expected core PPI reading for April revived “peak inflation” talks. The Fed is expected to remain aggressive on tightening plans to continue the fight against inflation.

High growth story stocks like Unity (U), Coinbase (COIN), and Peloton (PTON) continued to disappoint this week. This week the stable coin TerraUSD (UST) collapsed. Billions of dollars in crypto wealth were lost, shocking the whole market. UST was designed to retain a value of one US dollar at all timed but was depegged and fell to around 14 cents at the worst.

Growth concerns in the stock and crypto market, peak inflation hopes, and a general flight to safety drew Treasury yields lower this week.

Sentiment was further pressured by the S&P breaking below 4,000 briefly, Apple (AAPL) losing its title as the world’s most valuable company, and heightened volatility driven by selling. That was until a rally occurred on Friday to end the week with a much overdue bounce.

Overall, it was another tough week. However, amid this volatility, dividend stocks continue to show resilience. Let’s dive into it!

Portfolio Value

To date, I have invested $8,800 into the account, the total value of all positions plus any cash on hand is $8,881.09. That’s a mere gain of $81.09 for a total return of 0.92%. The account is down $45.13 for the week which is a 0.51% loss.

We started building this portfolio on 9/24/2021 and when compared to the S&P 500 we are outperforming the market so far! Within that same timeframe, the S&P 500 is down -9.69% whereas our portfolio has an overall return of 0.92%! It’s tough seeing the portfolio come down from highs just a few weeks ago, but it is good that we are still beating the market by nearly a 10% difference.

We added $190 in cash to the account this week. The stock purchases made with this will be broken out below.

Portfolio

Above is a dashboard of the portfolio that tracks annual dividend income, yield, beta, dividend growth, and more.

Below is a table of everything we are invested in so far. There you can see my number of shares, shares bought through dividend reinvestments, average cost, gains, and more. The tickers in green are positions that I bought shares in this week.

This week our annual dividend income increased by $13 at a yield of 4.07%. For my portfolio, its dividend yield may be just slightly higher than what you will see in other portfolios, however that is strategic per my time horizon. I am in my 20s and am just starting off this investment journey, so a higher dividend yield gives me greater cash flow now to reinvest which helps me realize the benefits of compounding sooner.

Our beta usually hovers right around the mid 0.6s which is good, especially in times of uneasiness. It means my portfolio won’t dip as much as the rest of the market on red days, however, it does go the other way around and I won’t have as much green on the good days. Therefore, it is good to watch your beta in terms of cyclicity. View the chart above to see the performance of my portfolio versus the S&P 500, notice how my portfolio’s green days are not as substantial as the S&P’s but neither are my red days, that is beta at work. My beta so far has led to better returns than the market since beginning this portfolio, however, on rally weeks I underperform. In order to combat that, I have started adding to a levered position to raise my beta. I would like to see it in the 0.8s.

Dividends

This week we received two dividends. $1.62 from Air Products & Chemicals (APD) and $1.50 from Reality Income (O)

In my portfolio, all positions have dividend reinvestment enabled. I don’t hold onto the dividend, I don’t try to time the reinvestment, I just let my broker do it automatically. All dividends were reinvested.

Dividends received for 2022: $117.11

Portfolio’s Lifetime Dividends: $140.03

Trades

Below is a breakdown of my trades this week.

  • May 9th
    • Bank of America (BAC) – added 0.5 shares at $36.58
    • Starbucks (SBUX) – added 0.15 shares at $75.27
    • Atlantica Sustainable Infrastructure (AY) – added 0.5 shares at $29.96
    • ETRACS 2xMonthly Pay Leveraged (SMHB) – added 1 share at $9.48
    • Air Products & Chemicals (APD) – added 0.006881 shares at $235.43 ($1.62 dividend reinvested)
  • May 10th
    • ETRACS 2xMonthly Pay Leveraged (SMHB) – added 1 share at $9.03
  • May 11th
    • SCHD – added 0.132714 shares at $75.35 (recurring investment)
    • XYLD – added 0.223002 shares at $44.84 (recurring investment)
    • ETRACS 2xMonthly Pay Leveraged (SMHB) – added 1 share at $9.10
  • May 12th
    • ETRACS 2xMonthly Pay Leveraged (SMHB) – added 1 share at $8.90

Summary

That is it for the update this week. Let’s kill it next week. Stay patient and be ready to buy income producing assets at a discount!

Let me know what you think of the progress so far, share with me your progress and questions, interact with me on twitter and Instagram using the links below!

Thank you for reading! See you next week and stay safe!

Categories
Dividend Stocks Dividends Portfolio

Dividend Portfolio: 5/6/2022 Week in Review

Welcome back to Dividend Dollars and our weekly review where we discuss what happened in the market and our portfolio.

The first week of May was a volatile one that ended in losses for the major averages. The NASDAQ had the worst of it with a 1.5% loss followed by 0.3% from the Dow Jones and 0.2% from the S&P.

The week started with some minor gains and then selling slapped the S&P down to its lowest level in almost a year. The market then bounced back from that weak start and made gains for the next two days. The rally really gained steam on Wednesday following the FOMC meeting where a 50-basis point rate hike was announced. Fed Chair Powell confirmed that a 75 point hike is not being considered which may have been the catalyst for the midweek rally. The S&P had made over a 3% gain on Wednesday.

By the end of the trading day on Thursday, those gains and more were lost. Friday was also weak and did not show much improvement even after the April jobs report beat expectations. Earnings season continued this week, but even the good headlines from notable reports still spurred selling due to market headwinds/concerns.

The last month was rough, and my portfolio was not immune from it! However, this week we ended green while the market ended red. This was a better start to the month of May than most! While some stocks were down, we made strategic buys to grow positions and dividends this week. Let’s dive into it!

Portfolio Value

To date, I have invested $8,610 into the account, the total value of all positions plus any cash on hand is $8,814.78. That’s a gain of mere gain of $204.78 for a total return of 2.38%. The account is up $164.70 for the week which is a 1.90% gain. This week we made back more than half of the losses from last week.

We started building this portfolio on 9/24/2021 and when compared to the S&P 500 we are outperforming the market so far! Within that same timeframe, the S&P 500 is down -7.45% whereas our portfolio has an overall return of 2.38%! It’s tough seeing the portfolio come down from highs just a few weeks ago, but it is good that we are still beating the market by nearly a 10% difference.

We added $182 in cash to the account this week. The stock purchases made with this will be broken out below.

Portfolio

Above is a dashboard of the portfolio that tracks annual dividend income, yield, beta, dividend growth, and more.

Below is a table of everything we are invested in so far. There you can see my number of shares, shares bought through dividend reinvestments, average cost, gains, and more. The tickers in green are positions that I bought shares in this week.

This week our annual dividend income increased by $7 at a yield of 3.94%.For my portfolio, its dividend yield may be just slightly higher than what you will see in other portfolios, however that is strategic per my time horizon. I am in my 20s and am just starting off this investment journey, so a higher dividend yield gives me greater cash flow now to reinvest which helps me realize the benefits of compounding sooner.

Our beta usually hovers right around the mid 0.6s which is good, especially in times of uneasiness. It means my portfolio won’t dip as much as the rest of the market on red days, however, it does go the other way around and I won’t have as much green on the good days. Therefore, it is good to watch your beta in terms of cyclicity. View the chart above to see the performance of my portfolio versus the S&P 500, notice how my portfolio’s green days are not as substantial as the S&P’s but neither are my red days, that is beta at work. My beta so far has led to better returns than the market since beginning this portfolio, however, on rally weeks I underperform. In order to combat that, I have started adding to a levered position to raise my beta. I would like to see it in the 0.8s.

Dividends

This week we received two dividends. $6.17 from AT&T (T) and $2.59 from Verizon (VZ).

In my portfolio, all positions have dividend reinvestment enabled. I don’t hold onto the dividend, I don’t try to time the reinvestment, I just let my broker do it automatically. All dividends were reinvested.

Dividends received for 2022: $113.99

Portfolio’s Lifetime Dividends: $136.91

Trades

Below is a breakdown of my trades this week.

  • May 2nd
    • Aflac (AFL) – added 1 share at $57.18
    • AT&T (T) – added 0.320519 shares at $19.25 ($6.17 dividend reinvested)
  • May 3rd
    • Starbucks (SBUX) – added 0.25 shares at $73.80
  • May 4th
    • Intel (INTC) – added 0.5 shares at $45.04
    • SCHD – added 0.129943 shares at $76.96 (recurring investment)
    • XYLD – added 0.21198 shares at $47.17 (recurring investment)
  • May 5th
    • Intel (INTC) – added 0.5 shares at $45.70
    • Starbucks (SBUX) – added 0.25 shares at $78.24
  • May 6th
    • Starbucks (SBUX) – added 0.1 shares at $76.90
    • Texas Instruments (TXN) – added 0.14 shares at $169.29

Summary

That is it for the update this week. Let’s kill it next week. Stay patient and be ready to buy income producing assets at a discount!

Let me know what you think of the progress so far, share with me your progress and questions, interact with me on twitter and Instagram using the links below!

Thank you for reading! See you next week and stay safe!

Categories
Dividend Stocks Dividends

Dividend Portfolio: 4/29/2022 Week in Review

Welcome back to Dividend Dollars and our weekly review! And boy what ANOTHER rough week it was!

The S&P is down 3.3% for the week. The NASDAQ is down 3.9%, Russel is down 3.2%, and the Dow Jones is down 2.5%.

This week the market continued to feel economic pressure and also a spattering of poorly received earnings reports. Concerns about the tightening Fed policy in a low growth, high inflation environment continued to drive stocks down.

This week Apple (AAPL) alerted investors of looming higher costs due to supply chain issues for Q3. Amazon’s (AMZN) guidance Q2 revenue below expectations. Intel (INTC) also provided lower Q2 guidance during their earnings call. Overall, earnings was mixed with large losers in Teladoc (TDOC) and Tesla (TSLA) and with Meta (FB) being one of the stand out winners.

In terms of economic data releases, the Advance GDP report showed indicators of stagflation, regardless of historically low unemployment levels. Real GDP had decrease larger decreases than expected at 1.4% year over year. The GDP Chain Deflator increased by 8%. The PCE Price index jumped 0.9% for the month and 6.6% year over year.

Overall, a mixed earnings season and continued concern about recession and rising rates weighed markets down significantly this month, making this April one of the worst performing months in recent years. The Nasdaq Composite had its worst month since 2008 with a decrease of nearly 13.3%. The S&P lost 8.8%.

Thing’s were rough this month, and my portfolio was not immune from it! However, we added more than our regular deposit amount to our portfolio will continue to add while things are down. The best part about being a dividend investor is that performance is not the end-all be-all. It is nice to have capital gains, but we are in this to build income. While stocks stay down, we get to buy that income at a discount! And boy did we make some buys this week. Let’s dive into it.

Portfolio Value

To date, I have invested $8,428 into the account, the total value of all positions plus any cash on hand is $8,457.03. That’s a gain of mere gain of $29.03 for a total return of 0.34%. The account is down $251.25 for the week which is a 2.89% loss. In the last six weeks our portfolio has fallen from the highs of roughly 8% of gains!

We started building this portfolio on 9/24/2021 and when compared to the S&P 500 we are outperforming the market so far! Within that same timeframe, the S&P 500 is down -7.26% whereas our portfolio has an overall return of 0.34%! It’s tough seeing the portfolio come down from highs just a few weeks ago, but it is good that we are still beating the market.

We added $268 in cash to the account this week. The stock purchases made with this will be broken out below.

Portfolio

Above is a dashboard of the portfolio that tracks annual dividend income, yield, beta, dividend growth, and more.

Below is a table of everything we are invested in so far. There you can see my number of shares, shares bought through dividend reinvestments, average cost, gains, and more. The tickers in green are positions that I bought shares in this week.

This week our annual dividend income decreased by $17. The reason for this decrease is that I sold my position in UWM Corporation (UWMC) this week. It was a high yield and very risky position that I was using to experiment with selling covered calls. I was not doing a great job with the calls and my position was also down over 30% when I sold. I realized that this position was not in line with my investing style of building a portfolio of strong, established, dividend paying stocks. Therefore, I sold the position, took the loss, and rolled that money over into other positions which you will see in the trade break down below.

For my portfolio, it’s dividend yield may be just slightly higher than what you will see in other portfolios, however that is strategic per my time horizon. I am in my 20s and am just starting off this investment journey, so a higher dividend yield gives me greater cash flow now to reinvest which helps me realize the benefits of compounding sooner.

Our beta usually hovers right around the mid 0.6s which is good, especially in times of uneasiness. It means my portfolio won’t dip as much as the rest of the market on red days, however, it does go the other way around and I won’t have as much green on the good days. Therefore, it is good to watch your beta in terms of cyclicity. View the chart above to see the performance of my portfolio versus the S&P 500, notice how my portfolio’s green days are not as substantial as the S&P’s but neither are my red days, that is beta at work. My beta so far has led to better returns than the market since beginning this portfolio, however, on rally weeks I underperform. In order to combat that, I have started adding to a levered position to raise my beta. I would like to see it in the 0.8s.

Dividends

This week we received five dividends. $0.74 from McCormick (MKC), $2.25 from XYLD, $1.35 from Comcast (CMCSA, click here to read the article I wrote on their quarterly earnings call), $2.34 from EOG Resources (EOG), and $4.55 from Altria (MO).

In my portfolio, all positions have dividend reinvestment enabled. I don’t hold onto the dividend, I don’t try to time the reinvestment, I just let my broker do it automatically. All dividends were reinvested.

Dividends received for 2022: $105.23

Portfolio’s Lifetime Dividends: $128.15

Trades

Below is a breakdown of my trades this week.

As noted above, we closed our UWMC position and used those funds to invest in many other down positions on Wednesday

  • April 25th
    • ETRACS 2x ETN (SMHB) – added 1 share at $9.80
    • Cummins (CMI) – added 0.15 shares at $193.33
    • Starbucks (SBUX) – added 0.25 shares at $77.40
    • 3M (MMM) – added 0.15 shares at $146.93
    • McCormick (MKC) – added 0.007229 shares at $102.37 ($0.74 dividend reinvested)
  • April 26th
    • UWM Corporation (UWMC) – sold all 155.957117 shares at $3.57
    • ETRACS 2x ETN (SMHB) – added 4 share at $10.07
    • XYLD – added 1 share  at $47.44
    • AT&T (T) – added 10 shares at $19.37
    • 3M (MMM) – added 1 share at $143.36
    • Starbucks (SBUX) – added 0.25 shares at $76.48
    • Intel (INTC) – added 2 shares at $46.08
    • Atlantica Sustainable Infrastructure (AY) – added 1 share at $30.89
    • XYLD – added 0.04772 shares at $47.15 ($2.25 dividend reinvested)
  • April 27th
    • Texas Instruments (TXN) – added 0.25 shares at $163.76
    • Comcast (CMCSA) – added 0.031513 shares at $42.84 ($1.35 dividend reinvested)
    • SCHD – added 0.129289 shares at $77.35 (recurring investment)
    • XYLD – added 0.210275 shares at $47.56 (recurring investment)
  • April 28th
    • Comcast (CMCSA) – added 1 share at $40.89
  • April 29th
    • Intel (INTC) – added 1 share at $44.10
    • Realty Income (O) – added 0.1 shares at $71.00

Summary

That is it for the update this week. Let’s kill it next week. Stay patient and be ready to buy income producing assets at a discount!

Let me know what you think of the progress so far, share with me your progress and questions, interact with me on twitter and Instagram using the links below!

Thank you for reading! See you next week and stay safe!

Categories
Dividend Stocks Dividends Due Diligence Earnings

Comcast (CMCSA) – Q1 2022 Earnings Beat But Muddled Broadband Growth Leaves Investors Wanting

Comcast (CMCSA) reported earnings before the bell on 4/28/2022. The company performed fairly well, however the stock dipped more than 5% after the earnings call.

Here are the key points:

• EPS: 86 cents per share adjusted vs. 80 cents per share unadjusted, average analyst estimate was 81 cents.

• Revenue: $31 billion versus estimates of $30.5 billion

• High Speed Broadband Customers: 262,000 vs. 229,000 new customers. However, 80,000 of the 262,000 were free subscribers from COVID relief connection programs.

Now let’s go into more detail about the call.

On the earnings call Brian Roberts, CEO and Chairman, provided a statement that provides high level insight into the company’s performance for the quarter: “2022 is off to a great start. Each of our businesses posted healthy growth in adjusted EBITDA, contributing to a double-digit increase in adjusted EPS as well as significant free cash flow generation in the quarter. And we achieved all of this while continuing to invest in our businesses for the long term, while also increasing our return of capital to shareholders.”

As you can see in the image above, revenue is up 14%, adjusted EBITDA increases 8.8%, and adjusted EPS increases 13.2%. Through the quarter, Comcast returned $4.2 billion to shareholders through $1.2 billion in dividend payments and $3 billion in share repurchases.

The NBCUniversal segment (see above), which includes their media, studios, and theme parks, had posted total revenue of $10.3 billion and an adjusted EBITDA of $1.6 billion, 46.6% and 7.4% respective increases on the first quarter of 2021.

Roughly 21% of media revenue was broken out as incremental revenue from the 2022 Beijing Olympics and the NFL’s Superbowl. The organic 6.9% increase in media revenue was attributed to higher advertising and distribution revenue.

Comcast’s streaming service Peacock is showing good growth. Their platform added 4 million paid subscribers, bringing the total to 13 million. Total active monthly users rose to 28 million from 24.5 million previously. With 13 million paid subscribers and 15 million active free users, Peacock is uniquely positioned in the market. Their platform is a natural extension of their existing video business with 2 revenues streams (subscribers and paid advertising to free users). Peacock has seen a 25% increase in hours of engagement year over year which shows that the increase in users, which is partly driven by events like the Olympics and the Superbowl, is being retained.

More modest growth for Peacock is to be expected as events slow down in the next two quarters. Once sporting events in the fourth quarter kick off (Sunday night football, premier league, and the world cup), Peacock activity should show more momentum. Studio revenues should increase as well with titles like Minions, Jurassic World Dominion, and the Vampire Academy series kicking off.

The cable communications segment (see above) showed modest growth, with revenues gowning 4.7% to $16.5 billion and adjusted EBITDA growing 6.5% to $7.2 billion.

This growth was driven by increases in broadband, business services, wireless, and advertising revenues. For the quarter, total broadband customers increased by 262,000 which beat the 229,000 average analyst estimate.

However, about 80,000 of those subscribers were free Internet Essential customers. Without those subscribers being included, the actual number of paying customers added to the business is actually around 180,000 which falls far short of the analyst estimate.

On the call, when asked about this, Michael Cavanagh CFO stated that this transitional impact in the net subs added is a result of the ending of the COVID programs where used could come into the service for free. During COVID, they were conservative with how they counted these free subs, however, after ending the program in the end of 2021 only about a third of those customers transitioned to being paying customers. Michael Cavanagh said that there won’t be any ongoing roll forward into the second quarter, therefore he doesn’t think Comcast will experience any negative impact going forward as a result of ending the program. It is essentially cleaning itself out this quarter.

With the performance beating most estimates by a modest amount and the muddled growth of broadband subscribers working itself out through the termination of the COVID relief connection program, I think the dip in stock price is unreasonable. If the second quarter earnings report shows that the free users have been cleaned up and broadband growth continues to trend in the right direction, this dip will have been an overreaction by the market and a great time to add to this dividend paying position at a current yield of 2.6%.

Categories
Dividend Stocks Dividends Portfolio

Dividend Portfolio: 4/22/2022 Week in Review

Welcome back to Dividend Dollars and our weekly review! And boy what a rough week it was!

The S&P is down 2.8% for the week, with most of losses coming after the Fed’s comments released on Thursday. The NASDAQ is down 3.8%, Russel is down 3.2%, and the Dow Jones is down 1.9%.

Last week, it was reported that bullish sentiment among investors was at a 30-year low. Therefore, the mild rally we saw in the first half of this week was contrarian before being corrected on Thursday and Friday.

9 of the 11 S&P sectors made losses this week with communication services, energy, and materials being the biggest losers. Only real estate and consumer staples, both are defensive sectors, made gains.

The week was marked by significant earnings reports in Tesla (TSLA) and Netflix (NFLX). Tesla came in better than expected and experience a small rally, which the latter disappointed and dropped a massive 35% the day after the report which declared a decrease in subscribers.

Important earnings for the week were mostly positive. The problem this week was weakening technicals on the broader market, Fed comments that we haven’t reached peak inflation and reassurance on aggressive rate hikes, and a 10-year Treasury yield quickly pushing for 3%.

Now let’s move on to reviewing our portfolio’s performance for the week.

Portfolio Value

To date, I have invested $8,160 into the account, the total value of all positions plus any cash on hand is $8,495.19. That’s a gain of $335.19 for a total return of 4.11%. The account is down $147.91 for the week which is a 1.71% loss.

We started building this portfolio on 9/24/2021 and when compared to the S&P 500 we are outperforming the market so far! Within that same timeframe, the S&P 500 is down -4.12% whereas our portfolio has an overall return of 4.11%! That’s over 8% better than the market! Let’s keep up this good progress with smart adds to the portfolio.

We added $140 in cash to the account this week. The stock purchases made with this will be broken out below.

Portfolio

Above is a dashboard of the portfolio that tracks annual dividend income, yield, beta, dividend growth, and more.

Below is a table of everything we are invested in so far. There you can see my number of shares, shares bought through dividend reinvestments, average cost, gains, and more. The tickers in green are positions that I bought shares in this week.

This week our annual dividend income increased by $16. My portfolio’s dividend yield may be just slightly higher than what you will see in other portfolios, however that is strategic per my time horizon. I am in my 20s and am just starting off this investment journey, so a higher dividend yield gives me greater cash flow now to reinvest which helps me realize the benefits of compounding sooner.

Our beta usually hovers right around the mid 0.6s which is good, especially in times of uneasiness. It means my portfolio won’t dip as much as the rest of the market on red days, however, it does go the other way around and I won’t have as much green on the good days. Therefore, it is good to watch your beta in terms of cyclicity. View the chart above to see the performance of my portfolio versus the S&P 500, notice how my portfolio’s green days are not as substantial as the S&P’s but neither are my red days, that is beta at work. My beta so far has led to better returns than the market since beginning this portfolio, however, on rally weeks I underperform. In order to combat that, I have started adding to a levered position to raise my beta. I would like to see it in the 0.8s.

Dividends

This week we received two dividends. $1.50 from Realty Income (O) and $1.77 from ETRACS 2x Monthly Leveraged ETN (SMHB).

In my portfolio, all positions have dividend reinvestment enabled. I don’t hold onto the dividend, I don’t try to time the reinvestment, I just let my broker do it automatically. All dividends were reinvested.

Dividends received for 2022: $94.00

Portfolio’s Lifetime Dividends: $116.92

Trades

Below is a breakdown of my trades this week.

This week we made some sales in order to add to other positions with higher conviction. Following the poor Netflix (NFLX) earnings report, I sold my Warner Bros. Discovery (WBD) shares due to concerns about streaming stocks being dragged down. I also sold my Verizon (VZ) position, and rolled that money over to AT&T (T). Communication companies like AT&T, Verizon, and T-Mobile are in such a competitive and necessary industry that investing in them truly is like investing in a utility. I decided that I didn’t need both and that I would roll Verizon into AT&T  as I believe there is more growth opportunities there with how leadership seem to be correcting the company’s path.

  • April 18th
    • Bank of America (BAC) – added 2 shares at $37.36
    • UWM Corporation (UWMC) – sold $4 4/29 covered call for $10 premium
    • ETRACS 2x ETN (SMHB) – added 1 share at 10.82
    • Realty Income (O) – added 0.020411 shares at $73.49 ($1.50 dividend reinvested)
  • April 19th
    • Verizon (VZ) – sold 4.047797 shares at $53.76
    • AT&T (T) – added 10 shares at $19.50
    • Atlantica Sustainable Infrastructure (AY) – added 1 share at $32.98
    • UWM Corporation (UWMC) – bought call back at $9 premium
  • April 20th
    • Warner Bros Discovery (WBD) – sold 4 shares at $23.22
    • 3M (MMM) – added 0.4 shares at $151.05
    • Lowe’s (LOW) – added 0.25 shares at $209.08
    • SCHD – added 0.124394 shares at $80.39 (recurring investment)
    • XYLD – added 0.203008 shares at $49.26 (recurring investment)
  • April 21st
    • UWM Corporation (UWMC) – added 2 shares at $3.79
    • ETRACS 2x ETN (SMHB) – added 0.157619 shares at $11.23 ($1.77 dividend reinvested)
  • April 22nd
    • ETRACS 2x ETN (SMHB) – added 1 share at $10.61
    • UWM Corporation (UWMC) – added 3 shares at $3.72

Summary

That is it for the update this week. Let’s kill it next week. Stay patient and be ready to buy income producing assets at a discount!

Let me know what you think of the progress so far, share with me your progress and questions, interact with me on twitter and Instagram using the links below!

Thank you for reading! See you next week and have a happy and safe Easter!

Categories
Dividend Stocks Dividends Portfolio Stock Market

Dividend Portfolio: 4/14/2022 Week in Review

Photo by Pixabay on Pexels.com

Welcome back to Dividend Dollars and our weekly review! And boy what a week it was! We made some adjustments to our energy holdings and crossed our first $100 in dividends!

We lost a day of trading this week due to Good Friday. Having the day off was a good ending to a bad week! The S&P lost 2.1%, Nasdaq 2.6%, the Dow was down 0.8%, with Russell making the only gain of 0.5%.

The information technology, health care, financials, and communication services sectors were the S&P’s biggest losers. Downward movement in the information technology and communication sectors were linked to moves in the Treasury market. The 10-year yield went up 12 basis points this week despite economic discussion that inflation was peaking. That discussion was followed by two days of declining rates following big CPI and PPI numbers for March.

The financial sector was down particularly because of earnings missed by JPM and WFC. Other banks for the most part surpassed expectations.

Airline stocks showed strength this week with AAL raising their Q1 revenue guidance and DAL with earnings that beat expectations. JETS also went up 8% this week.

Aside from airlines doing well, the materials, industrials, energy, and consumer staples sectors of the S&P were positive with gains all under 1%.

Now let’s move on to reviewing our portfolio’s performance for the week.

Portfolio Value

To date, I have invested $8,020 into the account, the total value of all positions plus any cash on hand is $8,494.4. That’s a gain of $474.42 for a total return of 5.92%. The account is down $48.08 for the week which is a 0.56% loss.

We started building this portfolio on 9/24/2021 and when compared to the S&P 500 we are outperforming the market so far! Within that same timeframe, the S&P 500 is down -1.41% whereas our portfolio has an overall return of 5.92%! Let’s keep up this good progress with smart adds to the portfolio.

We added $120 in cash to the account this week. The stock purchases made with this will be broken out below.

Portfolio

Above is a dashboard of the portfolio that tracks annual dividend income, yield, beta, dividend growth, and more.

Below is a table of everything we are invested in so far. There you can see my number of shares, shares bought through dividend reinvestments, average cost, gains, and more. The tickers in green are positions that I bought shares in this week.

This week our annual dividend income increased by $20. My portfolio’s dividend yield may be just slightly higher than what you will see in other portfolios, however that is strategic per my time horizon. I am in my 20s and am just starting off this investment journey, so a higher dividend yield gives me greater cash flow now to reinvest which helps me realize the benefits of compounding sooner.

Our beta usually hovers right around the mid 0.6s which is good, especially in times of uneasiness. It means my portfolio won’t dip as much as the rest of the market on red days, however, it does go the other way around and I won’t have as much green on the good days. Therefore, it is good to watch your beta in terms of cyclicity. View the chart above to see the performance of my portfolio versus the S&P 500, notice how my portfolio’s green days are not as substantial as the S&P’s but neither are my red days, that is beta at work. My beta so far has led to better returns than the market since beginning this portfolio, however, on rally weeks I underperform. In order to combat that, I have started adding to a levered position to raise my beta. I would like to see it in the 0.8s.

Dividends

This week we received two dividends. $13.77 from UWMC and $3.17 from BBY

In my portfolio, all positions have dividend reinvestment enabled. I don’t hold onto the dividend, I don’t try to time the reinvestment, I just let my broker do it automatically. All dividends were reinvested (except for BBY, that will be reinvested on Monday).

Dividends received for 2022: $90.19

Portfolio’s Lifetime Dividends: $113.11

Trades

Below is a breakdown of my trades this week.

On Wednesday I did some restructuring of the portfolio. I sold my whole position in EOG and spun a majority of those into a new utilities position in AY. There are a couple of reasons I did this. The IPCC report came out this week and is pretty grim about the future of our planet. It makes it clear that the devastating impacts of a climate crisis are occurring and the opportunity to curb terrible outcomes are already slipping through our fingers. The report says that greenhouse gas emissions must peak by 2025 to limit global warming close to 1.5 degrees Celsius as targeted by the Paris Agreement. Mitigating climate change continues to a growing and ever important focus for governments, business, and people.

Though the Ukraine conflict is where the world’s attention is at right now. I still believe that oil will be a good business model in the short term, thus I am continuing to hold CVX, but I believe that adoption of more “green” policies are inevitable and will come sooner or later. When this happens, oil companies will come under pressure and renewable energy companies will benefit. It will be a long transition, possibly over decades. But I would rather build positions on renewable energy companies now instead of later. For that reason, I sold my EOG position and rolled it into a new position in AY, a sustainable infrastructure company with a majority of its business in renewable energy assets (solar, water, and wind).

  • April 11th
    • T – added 2 shares at 19.59
    • SMHB – added 1 share at $10.99
    • UWMC – added 3.251476 shares through $13.77 dividend reinvested
  • April 12th
    • UWMC – added 3 shares at $3.97
    • MMM – added 0.1 shares at $148.70
  • April 13th
    • EOG – sold position (3.113613 shares) for a 45% gain
    • AY – new position, bought 6 shares at $33.56
    • BAC – added 2 shares at $38.86
    • T – added 5 shares at $19.44
    • SCHD – added 0.126727 shares at $78.91 (recurring investment)
    • XYLD – added 0.201191 shares at $49.70 (recurring investment)
  • April 14th
    • SBUX – added 0.25 shares at $79.68
    • UWMC – added 3 shares at $3.90
    • SMHB – added 1 share at $10.94

Summary

That is it for the update this week. Let’s kill it next week. Stay patient and be ready to buy income producing assets at a discount!

Let me know what you think of the progress so far, share with me your progress and questions, interact with me on twitter and Instagram using the links below!

Thank you for reading! See you next week and have a happy and safe Easter!

Categories
Dividend Stocks Dividends Portfolio

Dividend Portfolio: 4/8/2022 Week in Review

Welcome back to Dividend Dollars and our weekly review!

March FOMC minutes came out this week and confirmed expected balance sheet reductions and future rate increases possibly being 50 basis point jumps or more. Following this, Treasury yields of all timeframes jumped with the 10 year moving up 34 basis points and the 2 year moving up 10 basis points. Longer term notes were pushed even higher by the March ISM Non-Manufacturing Index which showed the Prices Paid Index hit its second highest reading ever.

Essentially, the Fed news harkens concerns about the central bank potentially making policy mistakes that could sent the economy into recession, which would lower earnings prospects and valuations. Growth stock valuations were pressured by this and rapid rise in rates this week.

Having paid very close attention to rates this week, I had a good conversation with @ScoreBDInvestor on twitter who ended up doing a great write up about TIPX and treasury inflation protected securities. It might be timely to read into and consider adding it as an inflationary hedge.

At the end of it all, the S&P and Nasdaq headed for their first weekly loses in four weeks. The DJIA lost 0.3%, NASDAQ 3.9%, Russell 4.6%, and the S&P 1.3% with 5 of the 11 sectors making gains. Biggest losers included information technology, consumer discretionary, and communication services while the biggest gainers were the energy, healthcare, and consumer staples sectors.

Now let’s move on to reviewing our portfolio’s performance for the week.

Portfolio Value

To date, I have invested $7,900 into the account, the total value of all positions plus any cash on hand is $8,449.48. That’s a gain of $549.81 for a total return of 6.96%. The account is up $8.90 for the week which is a 0.11% gain.

We started building this portfolio on 9/24/2021 and when compared to the S&P 500 we are outperforming the market so far! Within that same timeframe, the S&P 500 is up 0.74% whereas our portfolio has an overall return of 6.96%! Let’s keep up this good progress with smart adds to the portfolio.

We added $120 in cash to the account this week. The stock purchases made with this will be broken out below.

Portfolio

Above is a dashboard of the portfolio that tracks annual dividend income, yield, beta, dividend growth, and more.

Below is a table of everything we are invested in so far. There you can see my number of shares, shares bought through dividend reinvestments, average cost, gains, and more. The tickers in green are positions that I bought shares in this week.

This week our annual dividend income increased by $9. My portfolio’s dividend yield may be just slightly higher than what you will see in other portfolios, however that is strategic per my time horizon. I am in my 20s and am just starting off this investment journey, so a higher dividend yield gives me greater cash flow now to reinvest which helps me realize the benefits of compounding sooner.

Our beta usually hovers right around the mid 0.6s which is good, especially in times of uneasiness. It means my portfolio won’t dip as much as the rest of the market on red days, however, it does go the other way around and I won’t have as much green on the good days. Therefore, it is good to watch your beta in terms of cyclicity. View the chart above to see the performance of my portfolio versus the S&P 500, notice how my portfolio’s green days are not as substantial as the S&P’s but neither are my red days, that is beta at work. My beta so far has led to better returns than the market since beginning this portfolio, however, on rally weeks I underperform. In order to combat that, I have started adding to a levered position to raise my beta. I would like to see it in the 0.8s.

Dividends

This week we did not receive any dividends, however a handful of positions did announce dividends in the upcoming month or two, so our below dividend graph is updated for those.

In my portfolio, all positions have dividend reinvestment enabled. I don’t hold onto the dividend, I don’t try to time the reinvestment, I just let my broker do it automatically. All dividends were reinvested (except for KO, that will be reinvested on Monday).

Dividends received for 2022: $73.25

Portfolio’s Lifetime Dividends: $96.17

Trades

Here’s the breakdown of the trades I made this week (it was a light week):

  • April 4th
    • SBUX – added 0.5 shares at $86.62
    • SMHB – added 0.5 shares at $11.64
    • UWMC – sold covered call $5 4/14 for a $2 premium
  • April 5th
    • SMHB – added 1 share at $11.48
  • April 6th
    • SBUX – added 0.25 shares at $82.68
    • SCHD – added 0.126568 shares at $79.01 (recurring investment)
    • XYLD – added 0.202268 shares at $49.44 (recurring investment)
    • SMHB – add 1 share at $11.25
  • April 7th
    • SMHB – added 1 share at $10.94

Summary

That is it for the update this week. Let’s kill it next week. Stay patient and be ready to buy income producing assets at a discount!

Let me know what you think of the progress so far, share with me your progress and questions, interact with me on twitter and Instagram using the links below!

Thank you for reading! See you next week!

Categories
Dividend Stocks Dividends Portfolio

Dividend Portfolio: 4/1/2022 Week in Review

Welcome back to Dividend Dollars and our weekly review!

We saw a whipsaw week in the market with gains made on Monday and Tuesday that were later wiped out leaving the S&P at a 0.1% gain for the week. From a sector perspective, cyclical financials, energy, and industrials were the worst performers while real estate, utilities, and consumer staple stocks outperformed.

The week started with good momentum while supposed cease fire talks were taking place. Stocks rallied even as the treasury yield 2-10 spread inverted on Tuesday which is historically a signal of a coming recession. Those gains were removed through the end of the week as Russia refused progress in cease fire talks, inflationary measures hit high levels, March employment numbers reported well but support additional expected hawkishness form the Fed, and investors balances and took profits for quarter-end.

If you want to read more about the state of the market, check out my monthly market recap here.

Now let’s move on to reviewing our portfolio’s performance for the week.

Portfolio Value

To date, I have invested $7,780 into the account, the total value of all positions plus any cash on hand is $8,317.33. That’s a gain of $537.33 for a total return of 6.91%. The account is up $17.89 for the week which is a 0.22% gain.

We started building this portfolio on 9/24/2021 and when compared to the S&P 500 we are outperforming the market so far! Within that same timeframe, the S&P 500 is up 2.01% whereas our portfolio has an overall return of 6.91%! Let’s keep up this good progress with smart adds to the portfolio.

We added $240 in cash to the account this week. The stock purchases made with this will be broken out below.

Portfolio

Above is a dashboard of the portfolio that tracks annual dividend income, yield, beta, dividend growth, and more.

Below is a table of everything we are invested in so far. There you can see my number of shares, shares bought through dividend reinvestments, average cost, gains, and more. The tickers in green are positions that I bought shares in this week.

This week our annual dividend income increased by $10. Our dividend yield and beta stayed flat. My portfolio’s dividend yield may be just slightly higher than what you will see in other portfolios, however that is strategic per my time horizon. I am in my 20s and am just starting off this investment journey, so a higher dividend yield gives me greater cash flow now to reinvest which helps me realize the benefits of compounding sooner.

Our beta usually hovers right around the mid 0.6s which is good, especially in times of uneasiness. It means my portfolio won’t dip as much as the rest of the market on red days, however, it does go the other way around and I won’t have as much green on the good days. Therefore, it is good to watch your beta in terms of cyclicity. View the chart above to see the performance of my portfolio versus the S&P 500, notice how my portfolio’s green days are not as substantial as the S&P’s but neither are my red days, that is beta at work. My beta so far has led to better returns than the market since beginning this portfolio, however, on rally weeks I underperform. In order to combat that, I have started adding to a levered position to raise my beta. I would like to see it in the 0.8s.

Dividends

This week we received $9.77 in dividends from six tickers. $1.64 from SCHD, $1.86 from XYLD, $3.09 from EOG, $1.70 from ALL, $1.04 from PB, and $0.44 from KO.

In my portfolio, all positions have dividend reinvestment enabled. I don’t hold onto the dividend, I don’t try to time the reinvestment, I just let my broker do it automatically. All dividends were reinvested (except for KO, that will be reinvested on Monday).

Dividends received for 2022: $73.25

Portfolio’s Lifetime Dividends: $96.17

Trades

Here’s the breakdown of the trades I made this week:

  • March 28th
    • T – added 2 shares at $23.98
    • UWMC – sold 4/1 $5 cover call for $1 premium (expired worthless for a $1 gain)
    • SCHD – dividend reinvested $1.64 at $79.73 per share
  • March 29th
    • SNDL – covered my put position from last week ($1 loss)
    • XYLD – dividend reinvested $1.86 at $46.69 per share
    • EOG – dividend reinvested $3.09 at $121.84 per share
  • March 30th
    • SCHD – added 0.125447 shares at $79.71 (recurring investment)
    • XYLD – added 0.201523 shares at $49.62 (recurring investment)
    • O – added 0.5 shares at $70.32
  • March 31st
    • BBY – added 1 share at $91.67
    • CMCSA – added 1 share at $47.11
  • April 1st
    • UWMC – added 1 share at $4.44
    • ALL – dividend received $1.70 (not reinvested closed position)
    • PB – dividend received $1.04 (not reinvested closed position)

Summary

That is it for the update this week. Let’s kill it next week. Stay patient and be ready to buy income producing assets at a discount!

Let me know what you think of the progress so far, share with me your progress and questions, interact with me on twitter and Instagram using the links below!

Thank you for reading! See you next week!

Categories
Dividend Stocks Dividends Portfolio

Dividend Portfolio: 3/25/2022 Week in Review

Photo by Pixabay on Pexels.com

Welcome back to Dividend Dollars and our weekly review!

We saw a good amount of volatility in the market this week. The indices all ended higher. The S&P 500 tugged with its 200 day simple moving average since last week but was able to end above it this week hitting a six week high.

10 of the 11 sectors ended positive this week with healthcare being the only one to record a loss of 0.2%. The energy sector gained 7.4% and was mostly supported by crude oil which gained 10.5% for the week. The Russia-Ukraine conflict continues to keep key commodities at elevated prices.

This week Biden made appearances in Europe and Chevron received clearance to resume operations in Venezuela.

Oil and defense positions continue to crush it, but the market as whole has had two solid weeks in a row. Let’s see if it keeps up next week! Moving on to our performance now.

Portfolio Value

To date, I have invested $7,540 into the account, the total value of all positions plus any cash on hand is $8,087.95. That’s a gain of $547.95 for a total return of 7.27%. The account is up $101.64 for the week which is a 1.27% gain.

We started building this portfolio on 9/24/2021 and when compared to the S&P 500 we are outperforming the market so far! Within that same timeframe, the S&P 500 is up 1.97% whereas our portfolio has an overall return of 7.27%! Let’s keep up this good progress with smart adds to the portfolio.

We added $120 to the account this week. This week I did some reshuffling within my portfolio. I sold my positions in PB and ALL and moved that money into a new $BAC position. I did this because I don’t think ALL is set up to adjust to the changing channel environment within the insurance industry. I also believe that rising rates will be good for banks, however I wanted exposure to a larger, nationwide bank. I sold my CAH position and rolled it into an MRK position which I believe is better positioned to benefit from the growing healthcare industry. I also sold my WBA and SJM positions in order to consolidate my positions within the consumer staples industry. I used those funds to add to MRK and MO. Lastly, I also sold my small HD position simple because I felt that I was starting that position at too high an entry point. I think with pandemic easement, rising rates, and growing inflation that HD and LOW will experience some downside which is when I plan to enter.

Portfolio

Above is a dashboard of the portfolio that tracks annual dividend income, yield, beta, dividend growth, and more.

Below is a table of everything we are invested in so far. There you can see my number of shares, shares bought through dividend reinvestments, average cost, gains, and more. The tickers in green are positions that I bought shares in this week.

This week our annual dividend income dropped by $9 as a result of the AT&T dividend cut following the Warner spinoff planned for next month. Our dividend yield decreased by 0.22% and our beta increase by 0.01. My portfolio’s dividend yield may be just slightly higher than what you will see in other portfolios, however that is strategic per my time horizon. I am in my 20s and am just starting off this investment journey, so a higher dividend yield gives me greater cash flow now to reinvest which helps me realize the benefits of compounding sooner.

Our beta usually hovers right around the mid 0.6s which is good, especially in times of uneasiness. It means my portfolio won’t dip as much as the rest of the market on red days, however, it does go the other way around and I won’t have as much green on the good days. Therefore, it is good to watch your beta in terms of cyclicity. View the chart above to see the performance of my portfolio versus the S&P 500, notice how my portfolio’s green days are not as substantial as the S&P’s but neither are my red days, that is beta at work. My beta so far has led to better returns than the market since beginning this portfolio, however, on rally weeks I underperform. In order to combat that, I am going to start adding to a levered position to raise my beta. I would like to see it in the 0.8s.

Dividends

This week we received two dividends: one from HD for $0.57, this was not reinvested, and the other from LMT for $5.64 to be reinvested on Monday.

Dividends received for 2022: $63.48

Portfolio’s Lifetime Dividends: $86.40

Trades

As detailed above, we did some restructuring in the portfolio this week. We also had some option activity.

Here’s the breakdown of the trades I made this week:

  • March 21st
    • APD – added 0.3 shares at $234.80
    • XYLD – added 0.20491 shares at $48.80 (recurring investment)
    • SMHB – added 1 share at $11.22
  • March 22nd
    • ALL – sold 2 shares at $137.10
    • PB – sold 2 shares at $71.45
    • CAH – sold 2.018676 at $57.48
    • WBA – sold 2.029713 at $47.23
    • SJM – sold 1.511712 at $129.87
    • BAC – bought 8 shares at $43.93
    • MRK – bought 3 shares at $79.36
    • MO – added 2 shares at $53.12
    • MKC – added 1 share at $96.10
  • March 23rd
    • HD – sold 0.5 shares at $317.78
    • MMM – added 0.4 shares at $148.15
    • CMCSA – added 1 share at 46.82
    • O – added 0.3 shares at $67.03
    • UWMC – added 3 shares at $4.55
    • SCHD – added 0.127976 shares at $78.14 (recurring investment)
  • March 24th
    • UWMC – opened a $4.5 4/14 covered call for $18 premium
    • BBY – added 0.4 shares at $96.05
  • March 25th
    • UWMC – closed position at $12
    • SNDL – opened $0.5 4/8 put position at $3
    • O – added 0.5 shares at $67.56

Summary

That is it for the update this week. Let’s kill it next week. Stay patient and be ready to buy income producing assets at a discount!

Let me know what you think of the progress so far, share with me your progress and questions, interact with me on twitter and Instagram using the links below!

Thank you for reading! See you next week!

Categories
Dividend Stocks Dividends Portfolio

Dividend Portfolio: 3/18/2022 Week in Review

Welcome back to Dividend Dollars and our weekly review!

What a week it was for the market! The S&P went on a tear, with a four-day win streak that rallied 6.2% for the week. The other major indexes were up of 5% as well. 10 of the 11 S&P sectors made gains, energy was the only sector to fall.

Overall, there was no single event that caused the rally, instead it was a combination of a lot of factors and good news that created an amazing week. The fed chair reaffirmed confidence in the economy, ceasefire talks are showing progress, and oil prices fell over 5%. Now, this is all relatively good news, but perspective is still important here as the Fed did state that growth rates in 2023 and 2024 could suffer, Russia has continued bombing, and oil still is above $100 per barrel. Inflation is still high as well as shown by the PPI reading this month.

The market is seeing a light at the end of the tunnel in a couple of aspects and bounce was about due. Let’s see if it keeps up this next week! Moving on to our performance now.

Portfolio Value

Last week our portfolio mad gains, but not nearly as well as the rest of the market. With my portfolio’s low beta, this is to be expected. Also, this tends to be the nature of a dividend account. In order to raise my beta a tad and take advantage of holding riskier assets long term, I decided to play with a leveraged position this week. More on that down below.

To date, I have invested $7,420 into the account, the total value of all positions plus any cash on hand is $7,859.55. That’s a gain of $439.55 for a total return of 5.92%. The account is up $181.10 for the week which is a 2.36% gain.

We started building this portfolio on 9/24/2021 and when compared to the S&P 500 we are outperforming the market so far! Within that same timeframe, the S&P 500 is up 0.17% whereas our portfolio has an overall return of 5.92%! Let’s keep up this good progress with smart adds to the portfolio.

We added $230 to the account this week. My buys are detailed below.

Portfolio

Above is a dashboard of the portfolio that tracks annual dividend income, yield, beta, dividend growth, and more.

Below is a table of everything we are invested in so far. There you can see my number of shares, shares bought through dividend reinvestments, average cost, gains, and more. The tickers in green are positions that I bought shares in this week.

This week our activity raised our annual dividend income by $11. Our dividend yield decreased by 0.1% and our beta dropped 0.03. My portfolio’s dividend yield may be just slightly higher than what you will see in other portfolios, however that is strategic per my time horizon. I am in my 20s and am just starting off this investment journey, so a higher dividend yield gives me greater cash flow now to reinvest which helps me realize the benefits of compounding sooner.

Our beta usually hovers right around the mid 0.6s which is good, especially in times of uneasiness. It means my portfolio won’t dip as much as the rest of the market on red days, however, it does go the other way around and I won’t have as much green on the good days. Therefore, it is good to watch your beta in terms of cyclicity. View the chart above to see the performance of my portfolio versus the S&P 500, notice how my portfolio’s green days are not as substantial as the S&P’s but neither are my red days, that is beta at work. My beta so far has led to better returns than the market since beginning this portfolio, however, on rally weeks I underperform. In order to combat that, I am going to start adding to a levered position to raise my beta. I would like to see it in the 0.8s.

Dividends

This week we received dividends from 4 positions: $0.96 from WBA, $3.59 from MMM, $1.28 from NEE, and $1.05 from O

Dividends received for 2022: $57.27

Portfolio’s Lifetime Dividends: $80.19

Trades

This week we made some flubs with selling covered calls on UWMC and added a new levered position to our account. As I start to learn more about using options to boost cashflow, I will start to include charts/tables in this trade section so that we can start to track option gains individually.

Here’s the breakdown of the trades I made this week:

  • March 14th
    • SBUX – added 0.3 shares at $79.77
    • INTC – added 0.5 shares at $44.76
    • APD – added 0.2 shares at $217.40
    • UWMC – closed $5.5 covered call from two weeks ago for a $2 gain
    • MMM – dividend of $3.59 reinvested
  • March 15th
    • UWMC – opened and closed a $5 3/25 covered call for a $1 gain
    • UWMC – opened a $4 3/18 covered call for $13 premium
    • NEE – dividend of $1.28 reinvested
    • O – dividend of $1.05 reinvested
  • March 16th
    • UWMC – closed $4 position for a $27 loss
    • HD – added 0.2 shares at $332.35
    • XYLD – added 0.207011 shares at $48.31 (recurring investment)
    • SCHD – added 0.129183 shares at $77.41 (recurring investment)
  • March 17th
    • SMHB – bought 2 shares at $11.31 (new position)
    • UWMC – opened a $5 3/18 covered call for $2 premium
  • March 18th
    • SMHB – added 0.5 shares at 11.24
    • UWMC – covered call position expired for $2 gain

Summary

That is it for the update this week. Let’s kill it next week. Stay patient and be ready to buy income producing assets at a discount!

Let me know what you think of the progress so far, share with me your progress and questions, interact with me on twitter and Instagram using the links below!

Thank you for reading! See you next week!