Friday, November 23, 2018

FIRST STOCK PURCHASE THROUGH ETRADE

I made my first stock purchase through my new Etrade account.  Decided to buy more shares of AGNC for my Roth IRA and my regular taxable account.  AGNC's numbers look very promising and I love the monthly dividends.  Their monthly dividend of eighteen cents per shares works out to a 12.34% yield on their recent price of $17.42 per share.  With earnings per shares far exceeding current dividend payouts, I think it will be a good pick for my portfolio going forward.  I wouldn't suggest anyone else buy into it without first doing some research to see if it fits with their own investment plan.  

My car was totaled by a hit and run driver while parked in my front driveway last week.  So it's been a hectic 2 weeks, replacing my vehicle, dealing with the insurance, working extra hours and spending time with the family for Thanksgiving.  I'm very tired, but happy to report that it all worked out well.  With a lot of research, I was able to buy a car 6 years newer than the one I lost, using only the insurance settlement and none of my own money.  Actually had about $460 left over, which I'll use to get any work needed on the car.  I bought a smaller car with much better gas mileage, so it should save me a great deal going forward.  I'm pretty happy with the way it all worked out.

With market prices down, I'm currently reinvesting all dividends.  I figure I'll take advantage of the lower prices to pick up more shares of current holdings at lower prices.  It will also help reduce the average price per share.  So when the market eventually goes back up, I'll be in a much better position to profit on my holdings.  In the mean time, I'm happy to keep collecting the dividends and watching the payments increase month after month.

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