Dividends, Options and Investing This Week

This week was a little bit of a roller coaster ride in the stock market. I don’t mind when the stock market drops because I see it as a buying opportunity. I get excited at the chance to buy more future income on sale. This week saw a lot of activity across all of my accounts. So, let’s jump right into this and recap the past week of my investments.

Dividends

The only dividend received this week in the Roth IRA was from Wells Fargo (WFC) for $0.10.

The Traditional IRA received the following dividends this week:

  • Visa (V) $5.29
  • Kroger (KR) $5.14
  • Enbridge (ENB) $30.09
  • Vaneck Vectors Fallen Angel ETF (ANGL) $1.90

Total dividends received this week from all accounts was $42.52. All proceeds were reinvested. Slowly but surely reinvesting these dividends will get the compounding effect growing to help me achieve my goal of financial freedom.

Buys/Sells

In the taxable growth account with M1 Finance I made my monthly contribution of $25 on the 1st of the month which resulted in 14 buys. My monthly contribution is set up to automatically occur on the 1st of each month. I also have the M1 account set up to automatically purchase shares (actually fractional shares) when money is deposited into the account. The purchases are made based on the percentage weightings that I have established. You can check out the positions here: https://m1.finance/yhahVyq_HLoE. Having all of this automated means I do not have to do a thing, it just happens on it’s own. Here are the purchases I made this week in dollar amounts:

  • Pacific Biosciences of California (PACB) $1.10
  • Teladoc Health (TDOC) $2.96
  • Alibaba (BABA) $2.24
  • Twist Bioscience (TWST) $1.62
  • Proto Labs (PRLB) $1.75
  • Tesla (TSLA) $1.47
  • MercadoLibre (MELI) $1.50
  • Roku (ROKU) $1.11
  • Personalis (PSNL) $1.03
  • Iridium Communications (IRDM) $1.67
  • CRSPR Therapeutics (CRSP) $3.17
  • Invitae (NVTA) $1.49
  • Materialise (MTLS) $2.09
  • Facebook (FB) $1.56

I made an unscheduled contribution of $50 to my Roth IRA this week. I used this money to purchase the following shares:

  • Nationwide Risk Managed Income ETF (NUSI) – 1 share
  • Innovative Industrial Properties (IIPR) – 0.098 share

In the Traditional IRA I sold some positions that I have less conviction in to free up cash for positions that I believe are better suited for my investment strategy. The following are the sells for the week:

  • Vanguard Tax Managed International ETF (VEA) – reduced the position by 10 shares.
  • IShares Momentum ETF (MTUM) – reduced the position by 10 shares.
  • IShares Midcap 400 ETF – sold out of the position 5.015 shares.

All positions were sold for a profit. Total profit from the sales was $580.46.

I used the proceeds from the sells to buy the following in the Traditional IRA this week:

  • Winston Gold (WGMCF) added 20 shares to the position
  • Fidelity MSCI Information Technology (FTEC) added 10.45 shares
  • U.S. Bancorp (USB) added 10 shares
  • Tractor Supply Company (TSCO) opened a new position with 10 shares
  • Lockheed Martin (LMT) added 0.40 shares

This week was an active week for buying and selling. I am constantly looking at my positions and evaluating how best to allocate my capital. I am still relatively new to investing in the stock market so I am still working on my strategy.

Options Trading

This week was a light week for options trading. The following is the options trading activity for the week:

  • AT&T (T) sold a covered call at a strike price of $30 expiring on 3/12/21 for a premium of $7.55 after fees.
  • Altria Group (MO) sold a covered call at a strike price of $46 expiring on 3/23/21 for a premium of $43.30 after fees.
  • Verizon (VZ) a covered call expired out of the money on 3/5/21

The total options premium received this week after fees was $50.85 which was reinvested into the account.

Account Updates

The Traditional IRA finished the week at $106,405. This is up $1,631 from last week. I would say this is not too bad considering the volatility in the stock market this week.

The 401k finished down this week at $5,990 compared to $6,000 last week. Still, not too bad of a drop for the week all things considered.

The Roth IRA finished the week at $305. This is up from last week by $46. This includes the contribution of $50 so the account was actually down for the week but not by too much.

The taxable growth account finished the week at $168. This is up about $15 over last week but I also contributed $25 this week. Overall, this account was down 9.74% for the week. Growth stocks took a beating this week and it shows in this account.

Wrap Up

Despite the stock market taking a roller coaster ride this week I believe my accounts did fairly well. The combined total for dividends and options trading income this week was $93.37. Definitely not a great week but I will definitely take the money especially considering how little effort I had to put in to get it. That’s about all for this week. My journey to financial freedom continues on.

*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.

Here are a couple of businesses that I use that I thought some of you might be interested in.

Lolli has a variety of stores that it is affiliated with and offers rewards for shopping at these stores. I use Lolli when I shop on Chewy and I get bitcoin as a reward. If you are interested in Lolli and want to help support the blog here is my referral link: https://www.lolli.com/share/XP7gxDgqC4

I use M1 Finance for my taxable growth account. M1 Finance offers promotions for signing up. These promotions vary from time to time but is usually a $10 bonus. If you are interested M1 Finance and want to support the blog here is my referral link: https://m1.finance/ktIiFeOI5zDr

If you use the referral links above I could receive compensation. Please check the terms before signing up.

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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