Thursday, July 12, 2018

BOOSTED MONTHLY DIVIDENDS ANOTHER 1%!

With Capital One Investing transferring all their investors accounts to Etrade in August, I was forced to sell fractional shares from reinvested dividends.  After liquidating the shares, it occurred to me that I could reinvest the money in mutual funds which allow for fractional share transfers.  So I took the cash from the fractional shares and used it to purchase additional shares of FTF and ZTR.  The new shares will boost monthly dividend income by 1%!  So as it turned out, this wasn't an entirely bad thing.  I took lemons and made lemonade.

Now that I'm finding out more about Etrade, I've decided to keep my accounts with them instead of transferring to TD Ameritrade.  While I still think TD Ameritrade is better, I believe I can work with Etrade and avoid the hassle of moving my accounts a second time.  

Can't say I'm especially proud of the performance of my 401k, although the account is making money.  It's just not making much money.  I've always thought TransAmerica was a very good company.  They're the ones managing my 401k.  I have to say I'd really like to see on my account statements when or if my dividend funds payout dividends.  For some reason, that information is not provided.  Otherwise, I'm O.K. with how things are going there.  I'm certainly stockpiling a lot of extra retirement savings I probably wouldn't have, had I not signed up for the 401k.

Can't wait to get things moving with Etrade.  I've researched some of their "no fee" funds and have already purchased a stake in one.  I have another one I'd like to buy shares in as cash permits.  That probably won't happen until my accounts are transferred over.  I'll have to get my dividend reinvestment program in place.  It's a little more involved with them than it was at Capital One, but it doesn't seem especially difficult.  I'm excited about the move.  Sometimes change is good.

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