Weekly Update 2/20/21

Dividends

This week I received the following dividends:

  • Stag Industrial $STAG $.12 (This is the first dividend received in the Roth IRA)
  • Proctor & Gamble $PG $17.49
  • Realty Income Corp $O $30.89
  • Enterprise Prods Partners $EPD $24.09 (technically return of capital)
  • Abbvie $ABBV $32.90
  • Main Street Capital $MAIN $.13 (Roth IRA)

The total dividends received this week was $105.62. All of the dividends were reinvested.

Buys/sells

This week I opened a position in Winston Gold Corp $WGMCF. This is a penny stock and is a pure speculation play on my part. I have 160 shares at a cost basis of $.14. I added 18 shares of Realty Income Corp $O to my position. I also added 7.5 shares to my position in Vaneck Vectors Fallen Angel ETF $ANGL.

I sold out of my position in the Wisdom Tree U.S. small cap dividend ETF $DES. I also sold out of my position in the IShares core U.S. aggregate bond ETF this week. In both cases I decided my money could be better utilized elsewhere.

Options

I sold the following covered calls this week:

  • Verizon $VZ at a strike price of $58 expiring on 2/19/21 for a premium of $1.85 after fees.
  • AT&T $T at a strike price of $30.50 expiring on 2/26/21 for a premium of $4.70 after fees.
  • Altria Group $MO at a strike price of $45.50 expiring on 2/26/21 for a premium of $10.40 after fees.
  • Plains All American Pipeline $PAA at a strike price of $9 expiring on 2/19/21 for a premium of $4.70 after fees.

Total options premiums received after fees this week was $21.65 which was reinvested into the account.

Covered calls on $VZ, $MBIO, and $PAA expired out of the money. A cash secured put on $ERF expired out of the money. A covered call on $O was assigned at $60. A cash secured put on $IVR was assigned at $4.

Account Updates

The Traditional IRA finished the week at $106,552 which is down about $400 from the previous week. This includes my monthly contribution of $35. The 401k finished the week at $5,945. I forgot to include the 401k in last weeks update so I am not sure how much it is up. I tend to forget about this account. I contribute 6% of my pay every two weeks and just let it grow. The Roth IRA finished the week at $265 which is $28 better than last week although $25 of that was from my monthly contribution. The taxable growth account finished the week at 177.75 which was down $4.57 from the previous week. This account is on the M1 Finance platform. You can check it out here https://m1.finance/yhahVyq_HLoE . If you are interested in opening an account with M1 Finance my referral link is https://m1.finance/ktIiFeOI5zDr . M1 offers various promotions. The current promotion is for $30 for free after you fund your account until the end of February 2021. If you use the referral link above I will also get $30. Always check the current terms before signing up.

Wrap up

This week I again made some strategic moves to better allocate my money. I did not have a strong conviction to my positions in $AGG and $DES so I sold out of the positions and used the money to buy more $ANGL and $O. Getting 100 shares of $O called away was planned as was getting assigned 100 shares of $IVR. Part of the proceeds from $O getting called away will go towards increasing my position in $DGRO to 100 shares. The combined income from dividends and option premiums was $127.27 this week all of which were reinvested into the accounts. The wealth building continues as I am one week closer to financial freedom.

*Disclaimer – I am not a financial professional. The information shared here should not be considered financial advice. I am just a factory worker sharing my experience as I strive to achieve financial freedom. Before investing or making any financial decision do your own research and due diligence and consider seeking the advice of a financial and/or tax professional.

Published by Bill

I am just a blue collar factory worker trying to reach financial independence by spending less, earning more, saving and investing.

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