Just sold half my stake in ZTR and reinvested the money in CLM. I consider both to be about equal in risk and don't see either making stellar gains in share price. However, by trading ZTR for CLM I increased monthly dividends by over 30% on dollars invested and boosted total monthly dividend income by a little over 2%! Because neither of these two stocks tend to make any capital gains, I'll collect all dividends in cash from both. High yields but high risk as well. I'm willing to take the risk, but I wouldn't recommend it to anyone else.
Had some cash left over from the above trades, so I took advantage of the market being down to take out a stake in ABR. All together, this brings my total number of dividend payments collected per year to 498. Still less payments than before switching to Etrade, but I'm collecting a great deal more in cash per month!
Thursday, May 9, 2019
Wednesday, May 8, 2019
BOOSTED MONTHLY DIVIDENDS BY 20%!
Wow, I can't believe how long it's been since my last post. I've been terribly remiss. I'll try to do better from now on. Been really busy since December, looking for ways to increase monthly cash flow from dividends.
Sold my SPLV shares for a tidy profit and reinvested the money in OXLC to triple dividend income on the same dollars invested. Also sold some shares of GAIN, in my ROTH account, to take out my initial investment and kept the remaining shares, so I'm playing with the house's money there. Whatever I make from the remaining shares is pure profit as far as I'm concerned. Also purchased shares in EVT, to add more stability to my portfolio. Today I purchased shares in AMZA with over a 21% yield to bring the total increase in monthly dividends to a little over 20% since the beginning of 2019!
I'm pretty happy with the progress I've made so far and excited about picking up some bargains while prices are down. However, with my retirement looming ever closer and health issues that may cause me to have to sign up for disability, I'll be on the lookout for ways to turbo charge my monthly dividends.
Currently I'm reinvesting all dividends in stocks that are selling for less than my original purchase price and taking cash payments on stocks selling above my original buy in. By doing so, I'm reducing the average price per share on the under performers and holding the line on stocks showing capital gains. Not exactly sure of the wisdom of this approach, but so far it's working out well for me.
I'm amazed by the ever increasing monthly dividends, whether I add new money or not. Reinvested dividend income keeps monthly cash flows growing every month. While the prices of my shares go up and down, my income from dividends just keeps increasing, regardless of whether or not some of my shares cut their dividends. If the cut is minor, I usually keep the stock. If they suspend dividends, they're sold and replaced with another dividend payer.
Sold my SPLV shares for a tidy profit and reinvested the money in OXLC to triple dividend income on the same dollars invested. Also sold some shares of GAIN, in my ROTH account, to take out my initial investment and kept the remaining shares, so I'm playing with the house's money there. Whatever I make from the remaining shares is pure profit as far as I'm concerned. Also purchased shares in EVT, to add more stability to my portfolio. Today I purchased shares in AMZA with over a 21% yield to bring the total increase in monthly dividends to a little over 20% since the beginning of 2019!
I'm pretty happy with the progress I've made so far and excited about picking up some bargains while prices are down. However, with my retirement looming ever closer and health issues that may cause me to have to sign up for disability, I'll be on the lookout for ways to turbo charge my monthly dividends.
Currently I'm reinvesting all dividends in stocks that are selling for less than my original purchase price and taking cash payments on stocks selling above my original buy in. By doing so, I'm reducing the average price per share on the under performers and holding the line on stocks showing capital gains. Not exactly sure of the wisdom of this approach, but so far it's working out well for me.
I'm amazed by the ever increasing monthly dividends, whether I add new money or not. Reinvested dividend income keeps monthly cash flows growing every month. While the prices of my shares go up and down, my income from dividends just keeps increasing, regardless of whether or not some of my shares cut their dividends. If the cut is minor, I usually keep the stock. If they suspend dividends, they're sold and replaced with another dividend payer.
Tuesday, December 18, 2018
BOOSTED MONTHLY DIVIDENDS BY OVER 6%!
It's nearing Christmas and I haven't done any shopping yet. But I have the next couple of days off, so I'll get it all done then. In the mean time, I put some of my Christmas bonus to work, investing equal amounts in AGNC and NRZ for a boost to monthly dividend income of a little over 6%! Dividends from the new shares purchased will kick in in January 2019, which I figure is a great way to start off the new year.
Yesterday's big drop in the stock market has a lot of people running to cash. Quite understandable, especially since 2008. However, I have no intention of abandoning my dividend investment strategy. I'm looking at the situation as an opportunity to buy more dividend income at a lower price. What the market does tomorrow or next week or next year is really anybody's guess. But if you're collecting a nice stream of dividend income every month, it becomes almost irrelevant since you're not likely to be selling your shares.
Currently, I'm showing a loss on most of my investments. That may continue for quite some time. But I'm not panicking as long as they continue to pay dividends. I have to admit it's tempting to take all the dividends in cash, just to be on the safe side. However, I think it's better to reinvest the dividends at the new lower prices and reduce my average price per share while I have the chance. I'd feel pretty stupid about building up a big chunk of cash and then the market takes off again and I'd have lost out on the chance to pick up some bargains. So I'll keep reinvesting dividends until I actually need the cash.
Yesterday's big drop in the stock market has a lot of people running to cash. Quite understandable, especially since 2008. However, I have no intention of abandoning my dividend investment strategy. I'm looking at the situation as an opportunity to buy more dividend income at a lower price. What the market does tomorrow or next week or next year is really anybody's guess. But if you're collecting a nice stream of dividend income every month, it becomes almost irrelevant since you're not likely to be selling your shares.
Currently, I'm showing a loss on most of my investments. That may continue for quite some time. But I'm not panicking as long as they continue to pay dividends. I have to admit it's tempting to take all the dividends in cash, just to be on the safe side. However, I think it's better to reinvest the dividends at the new lower prices and reduce my average price per share while I have the chance. I'd feel pretty stupid about building up a big chunk of cash and then the market takes off again and I'd have lost out on the chance to pick up some bargains. So I'll keep reinvesting dividends until I actually need the cash.
Tuesday, December 4, 2018
KICKED OFF DECEMBER WITH 5 GREAT DIVIDEND PAYMENTS!
Now that the transfer from Capital One to Etrade is complete, it's time to get busy building monthly dividend income again. I'm happy to report, I collected 5 great dividend payments for the first of December, reinvesting 4 to buy more shares and taking the remaining payment in cash.
I've taken a new approach to reinvesting dividends since switching to Etrade. If the stock is more than what I paid for it, I take the dividend in cash and if it's selling for less than I paid, I reinvest the dividend. My goal is to reduce the average price per share on the stocks that are down in price by reinvesting dividends at the lower price. This will put me in a better position to benefit from a recovery in share price on these stocks. As for taking cash payments from stocks that have gained in price, it may seem like it would be better to buy more shares of something that's doing good. However, my thinking here is, I don't see any of them doing well enough going forward to justify raising my average price per share by reinvesting dividend payments. So instead I'll take the cash and use that where I see more opportunity.
I'm still wanting to purchase a larger stake in AGNC. I like their monthly dividends and the high yield, but I mostly like their numbers which lead me to believe they can continue paying the dividends. So I'm wanting to build up a large stake in my Roth account to add to monthly cash flow. I do own shares in all three of my investment accounts now and plan on keeping them for the long haul.
I've taken a new approach to reinvesting dividends since switching to Etrade. If the stock is more than what I paid for it, I take the dividend in cash and if it's selling for less than I paid, I reinvest the dividend. My goal is to reduce the average price per share on the stocks that are down in price by reinvesting dividends at the lower price. This will put me in a better position to benefit from a recovery in share price on these stocks. As for taking cash payments from stocks that have gained in price, it may seem like it would be better to buy more shares of something that's doing good. However, my thinking here is, I don't see any of them doing well enough going forward to justify raising my average price per share by reinvesting dividend payments. So instead I'll take the cash and use that where I see more opportunity.
I'm still wanting to purchase a larger stake in AGNC. I like their monthly dividends and the high yield, but I mostly like their numbers which lead me to believe they can continue paying the dividends. So I'm wanting to build up a large stake in my Roth account to add to monthly cash flow. I do own shares in all three of my investment accounts now and plan on keeping them for the long haul.
TURNING A NEGATIVE LIFE EVENT INTO A POSITIVE
A couple of weeks ago, I got woke up at 2 am. by my neighbor pounding on my front door. He told me someone just messed up my car. Apparently a hit and run driver ran off the road, crashed into my car in the driveway and took off. One look at my car convinced me it would be totaled by the insurance company. Right then and there I decided not to let this be a catastrophic event. I had full coverage on my car, so I knew I would get something for it.
As it turned out, the police were able to catch the driver of the other vehicle. However, when I called to file a claim with his insurance, they told me his insurance number was invalid. So I had to file a claim with my own insurance. They sent a tow truck to tow my car to the body shop for an estimate on repairs. I was still convinced they would total the car, so I began looking for a replacement. I estimated what I thought I'd get after the deductible and shopped online for a car with comparable mileage to my old car and within the price range of the insurance settlement. I did research on used vehicles concerning reliability and gas mileage while I shopped and narrowed my picks down to a Toyota Corolla or a Ford Focus. When the insurance company called to tell me they'd decided on a total loss and confirmed how much they'd be paying for my car, I went and bought the Ford Focus. I'd have preferred the Corolla, but it was already sold.
After all was said and done, I bought a car 6 years newer than my previous car. It was priced at $2,400 but I got it for $1,950. It needs a few minor repairs, which I'll pay for with the $650 I had left over from the insurance money after buying the Focus and getting it licensed and insured. My insurance is less on the newer car and I'm averaging 28.5 miles per gallon on gasoline, so I'll save money going forward. Should I have any money left after making repairs, I'll put that toward purchasing more shares of a monthly dividend stock, so I can continue to collect from this incident. Also, should my insurance be able to collect from the driver of the other vehicle, I'll be reimbursed for my $500 deductible.
So with a little thought and action on my part, I took what could have been a very negative situation and turned it into a positive one.
As it turned out, the police were able to catch the driver of the other vehicle. However, when I called to file a claim with his insurance, they told me his insurance number was invalid. So I had to file a claim with my own insurance. They sent a tow truck to tow my car to the body shop for an estimate on repairs. I was still convinced they would total the car, so I began looking for a replacement. I estimated what I thought I'd get after the deductible and shopped online for a car with comparable mileage to my old car and within the price range of the insurance settlement. I did research on used vehicles concerning reliability and gas mileage while I shopped and narrowed my picks down to a Toyota Corolla or a Ford Focus. When the insurance company called to tell me they'd decided on a total loss and confirmed how much they'd be paying for my car, I went and bought the Ford Focus. I'd have preferred the Corolla, but it was already sold.
After all was said and done, I bought a car 6 years newer than my previous car. It was priced at $2,400 but I got it for $1,950. It needs a few minor repairs, which I'll pay for with the $650 I had left over from the insurance money after buying the Focus and getting it licensed and insured. My insurance is less on the newer car and I'm averaging 28.5 miles per gallon on gasoline, so I'll save money going forward. Should I have any money left after making repairs, I'll put that toward purchasing more shares of a monthly dividend stock, so I can continue to collect from this incident. Also, should my insurance be able to collect from the driver of the other vehicle, I'll be reimbursed for my $500 deductible.
So with a little thought and action on my part, I took what could have been a very negative situation and turned it into a positive one.
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.
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.
Wednesday, November 7, 2018
MOVE TO ETRADE COMPLETE!
It was a long time in coming, but the transfer of my investment accounts to Etrade is now complete. While I've been spending a lot of time getting acquainted with their format, I think I'm really going to like the move. I made my first cash deposit into my taxable account. I had drawn quite a lot of money out before the move, mostly to pay for medical bills not covered by my insurance. However, I'm in a position now to start replacing the money I took out, thanks in large part to the extra cash I've been earning from Prizerebel, Swagbucks and MyPoints.
Haven't decided on my first stock purchase yet. I'll probably go with a monthly dividend ETF. Most likely it will be one of the ones they offer with no commissions. Haven't figured out how to find those yet, but I know they offer them. I could just buy more shares of SDIV, but I think I can do better income wise. So I'm going to shop around.
I did get signed up for dividend reinvestment. Want to take advantage of the current lower prices in the market to add to all my positions. Also leaning very heavily toward adding a great deal to my position in AGNC. As a dividend investor, I love the monthly dividends with the 12.14% yield, but I'm especially crazy about their earnings per share of $3.17 compared to their annualized payout of $2.16! Add in a price to earnings of only 5.65 and I think I'd be crazy not to buy more. I'm always cautious when it comes to real estate trusts because I've been burned in the past. However, in those cases they were paying out huge dividends without the earnings to back it up. So I'm pretty optimistic about this one. I already hold shares in my IRA and Roth IRA, but I think I'll boost my holdings in the Roth account as soon as I have the available cash.
If my workplace comes through with the Christmas bonus this year, I plan on investing the majority of the money. We haven't had a very good year, so I'm not sure whether we'll get a bonus or not. I would think so, but in case we don't, I don't want to be disappointed by not being able to go ahead with my investment plans. So I'm looking at ways to boost my investments and dividend income outside of getting a bonus.
My 401k just keeps racking up the cash. The investment performance is lackluster at best and I hate the fees. But I would not have that money in my portfolio if it weren't for the 401k, since the deductions from my paycheck come mostly from taxes. So I'm pretty happy to see the balance increase every payday. When I'm ready to retire, I plan on rolling that money over into my Roth IRA. It should provide a substantial boost to monthly dividend income and I'm pretty happy about that.
Haven't decided on my first stock purchase yet. I'll probably go with a monthly dividend ETF. Most likely it will be one of the ones they offer with no commissions. Haven't figured out how to find those yet, but I know they offer them. I could just buy more shares of SDIV, but I think I can do better income wise. So I'm going to shop around.
I did get signed up for dividend reinvestment. Want to take advantage of the current lower prices in the market to add to all my positions. Also leaning very heavily toward adding a great deal to my position in AGNC. As a dividend investor, I love the monthly dividends with the 12.14% yield, but I'm especially crazy about their earnings per share of $3.17 compared to their annualized payout of $2.16! Add in a price to earnings of only 5.65 and I think I'd be crazy not to buy more. I'm always cautious when it comes to real estate trusts because I've been burned in the past. However, in those cases they were paying out huge dividends without the earnings to back it up. So I'm pretty optimistic about this one. I already hold shares in my IRA and Roth IRA, but I think I'll boost my holdings in the Roth account as soon as I have the available cash.
If my workplace comes through with the Christmas bonus this year, I plan on investing the majority of the money. We haven't had a very good year, so I'm not sure whether we'll get a bonus or not. I would think so, but in case we don't, I don't want to be disappointed by not being able to go ahead with my investment plans. So I'm looking at ways to boost my investments and dividend income outside of getting a bonus.
My 401k just keeps racking up the cash. The investment performance is lackluster at best and I hate the fees. But I would not have that money in my portfolio if it weren't for the 401k, since the deductions from my paycheck come mostly from taxes. So I'm pretty happy to see the balance increase every payday. When I'm ready to retire, I plan on rolling that money over into my Roth IRA. It should provide a substantial boost to monthly dividend income and I'm pretty happy about that.
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