This was a rather boring week. I only received a small amount of dividends this week. Buys/sells and options trading were minimal this week. The good news is the account balances are up this week. I will always take a boring week if the accounts are growing. Let’s check out the details for the week.
This week I received the following dividends in the Roth IRA:
- J.P. Morgan Equity Premium Income ETF (JEPI) $0.24
- Medical Properties Trust (MPW) $0.34
- Philip Morris International (PM) $0.30
In the Traditional IRA I received the following dividends this week:
- Brookfield Renewable Partners (BEP) $9.25
- Brookfield Renewable Corp. (BEPC) $0.92
- VanEck Vectors Fallen Angel ETF (ANGL) $2.08
This week was a pretty slow week for dividends. The total dividends received this week $13.13. All the dividends were put back into the account to keep the compounding growing.
There were no buys or sells in the Roth IRA except for the reinvestment of dividends received this week.
The following is the activity in the Traditional IRA this week:
- Winston Gold Corp. (WGMCF) bought 500 shares.
- Vanguard FTSE All World Ex US ETF (VEU) bought 1 share.
- Fidelity MSCI Information Technology ETF (FTEC) bought 1.5 shares.
- Vanguard Total Stock Market ETF (VTI) bought 1 share.
- Hanesbrands (HBI) sold out of the position.
- VanEck Vectors Fallen Angel ETF (ANGL) sold out of the position.
Overall it was a fairly quiet week when it comes to activity in the accounts.
I only made one options trade this week which is listed below:
- Verizon (VZ) sold a covered call at a strike price of $62.50 expiring on May 21, 2021 for a premium of $11.36 after fees.
The total option premium received this week was $11.36.
The Traditional IRA finished the week at $112,980 which is up about $1,065 over last week. The gains were really good this week.
The 401k finished the week at $6,659 which is up about $227 over last week. This amount includes the normal bi-weekly contribution.
The Roth IRA finished the week at $358 which is up about $5 over last week.
The taxable growth account with M1 finance finished the week at $204 which is up about $6 or 3% from last week. You can see all of the positions in this account here: https://m1.finance/MvvbI-KvPEe6.
The total amount invested across all accounts is $120,201. The gains this week totaled $1,303.
The combined income from dividends and options premium this week was $24.49. It is not much but every little bit counts when trying to build wealth. Recently I have been selling out of a few positions. This is due to a slight change in strategy. Between the Traditional IRA, the Roth IRA and the M1 account I now have 98 positions. The Traditional IRA has 51 positions. I have come to the realization that this too many positions for me to effectively manage. I am starting to go through some positions and removing those that I do not have a high conviction in. I am not sure how many positions I will end up with but I will continue to review and evaluate my positions to come with a total number of positions that I am comfortable with managing. Thank you for your time and that’s all for this week.
Here are some of the businesses that I use that I thought some of you might be interested in.
I use the free version on trackyourdividends.com. This is a quick an easy way for me to track my estimated annual income from dividends.
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 listed above I could receive compensation. Please take the time to read the terms and conditions before signing up.