Well it's been months in the making but the move from Capital One Investing to Etrade is finally near. As of Friday Nov. 3rd all accounts will be transferred to Etrade and available for access on Monday, November 5th, 2018. I'm actually pretty excited about the move. I made a lot of changes in my holdings prior to the move, so it will be a fresh start with Etrade. Can't wait to get things moving again.
Just as an update, I'll still be collecting 496 dividend payments per year from my current holdings. This does not include any dividends paid through my 401k account. I also receive 40 interest payments per year. While total dividends and interest are still way short of the amount I'd need to live on, they are increasing every month. I've also started to make a substantial amount on my side gig doing surveys on the internet. So 2018 hasn't been an entirely bad year for me.
Thursday, October 18, 2018
Wednesday, October 3, 2018
HEALTH ISSUES SLOW BLOG POSTS
I didn't realize until today, that it had been over two months since I'd posted to my investment blog. I've been dealing with health issues, mostly related to advanced osteoarthritis. I was at the point of losing my ability to walk, but with the help of a good chiropractor, I'm doing much better now.
Being distracted does not mean I've been inactive. On the contrary, I've made several adjustments to my portfolio in the past couple of months to boost monthly dividend income. I've also streamlined my investments by selling off some individual shares and putting the money to work elsewhere. Unfortunately, health care is expensive and I had to take money from my taxable investment account to pay for some of my care. This has only been a minor setback, since at the same time I was adding to my 401k and reinvesting monthly dividends. So my total investments are about the same as before, except for the recent drop in market prices.
Speaking of the drop in market prices, I'm thinking this may be a good time to add to some of my positions, reducing average price per share by buying additional shares at the lower price. I'll be looking for opportunities to do this after the transfer of my accounts from Capital One to Etrade are completed. In the mean time, I'm letting dividend payments accumulate as cash balances in my accounts. While I'm big on automatic reinvestment, since it avoids commissions, I've seen some advantage to taking all dividends in cash. The main advantage being that I'm able to direct the cash towards the higher dividend paying stocks. While commissions eat into that somewhat, the higher monthly payments may make it all worthwhile.
One thing I'm excited about with Etrade are all the funds they offer with no commission charges. I've already bought a stake in SDIV which is available through Etrade with no commission charges. I also like the fact that I can select which stocks to reinvest dividends and which ones to collect cash. Of course I was able to do this with Capital One as well, but I'm glad I'll be able to continue doing so.
Made some advancements in paying down old debt, which I'm very happy with. I'll be even happier when I get the first one paid off entirely. After I pay off the first bill, I'll be directing the money from that payment towards paying off the next one, so they'll be dropping fast! I'm pretty excited about that!
Last month I looked at the paid survey sights I'd been working with online, with a view to increasing income from those. I'm happy to report a dramatic increase in income from this source. Not only will it help to pay off old debt, but it will be a boon to my investment accounts, since I'll have more free cash to invest. I like the idea of turning money into more money!
Being distracted does not mean I've been inactive. On the contrary, I've made several adjustments to my portfolio in the past couple of months to boost monthly dividend income. I've also streamlined my investments by selling off some individual shares and putting the money to work elsewhere. Unfortunately, health care is expensive and I had to take money from my taxable investment account to pay for some of my care. This has only been a minor setback, since at the same time I was adding to my 401k and reinvesting monthly dividends. So my total investments are about the same as before, except for the recent drop in market prices.
Speaking of the drop in market prices, I'm thinking this may be a good time to add to some of my positions, reducing average price per share by buying additional shares at the lower price. I'll be looking for opportunities to do this after the transfer of my accounts from Capital One to Etrade are completed. In the mean time, I'm letting dividend payments accumulate as cash balances in my accounts. While I'm big on automatic reinvestment, since it avoids commissions, I've seen some advantage to taking all dividends in cash. The main advantage being that I'm able to direct the cash towards the higher dividend paying stocks. While commissions eat into that somewhat, the higher monthly payments may make it all worthwhile.
One thing I'm excited about with Etrade are all the funds they offer with no commission charges. I've already bought a stake in SDIV which is available through Etrade with no commission charges. I also like the fact that I can select which stocks to reinvest dividends and which ones to collect cash. Of course I was able to do this with Capital One as well, but I'm glad I'll be able to continue doing so.
Made some advancements in paying down old debt, which I'm very happy with. I'll be even happier when I get the first one paid off entirely. After I pay off the first bill, I'll be directing the money from that payment towards paying off the next one, so they'll be dropping fast! I'm pretty excited about that!
Last month I looked at the paid survey sights I'd been working with online, with a view to increasing income from those. I'm happy to report a dramatic increase in income from this source. Not only will it help to pay off old debt, but it will be a boon to my investment accounts, since I'll have more free cash to invest. I like the idea of turning money into more money!
CASHED IN GAIN ON HWBK AND BOUGHT MORE AGNC
I'd been sitting on a gain of over 51% on my HWBK shares in my IRA for quite some time now. While I think it's a pretty decent stock, I wasn't really making much in dividends. So I sold all shares, collected the gain and reinvested the money in more shares of AGNC. This more than doubles the amount of money I was earning in dividends from HWBK for the same dollar investment and the dividend is paid monthly.
AGNC has a dividend of .18 cents per share or an 11.59% yield on their current price of $18.70 per share. Their price to earnings is 5.4 with earnings per share of $3.46. Since the stock price is currently down from my initial buy in price, I've also lowered my average price per share. Overall, I'm pretty happy with this trade and look forward to collecting dividends from AGNC for many years to come.
AGNC has a dividend of .18 cents per share or an 11.59% yield on their current price of $18.70 per share. Their price to earnings is 5.4 with earnings per share of $3.46. Since the stock price is currently down from my initial buy in price, I've also lowered my average price per share. Overall, I'm pretty happy with this trade and look forward to collecting dividends from AGNC for many years to come.
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