Weekly Investing Review 4/17/21

This was a very busy week for investing. It was a good week for dividends. I sold off some more positions in my portfolio this week to make it easier to manage. There was a lot of activity in the options trading this week. The accounts continued to grow. Let’s check out the details!

Dividends

The following dividends were received this week in the Roth IRA:

  • Store Capital (STOR) $0.27
  • Stag Industrial (STAG) $0.12
  • Innovative Industrial Properties (IIPR) $0.27
  • Main Street Capital (MAIN) $0.16

The following dividends were received this week in the Traditional IRA:

  • WP Carey (WPC) $52.85
  • U.S. Bancorp (USB) $8.35
  • Realty Income Corp. (O) $11.85
  • DTE Energy (DTE) $22.29
  • Cardinal Health (CAH) $7.72

The total amount of dividends received this week was $103.88. This was a good week for dividends. All of the dividends were reinvested.

Buys/Sells

There was no trading activity in the Roth IRA other than the reinvestment of dividends.

The following trading activity occurred in the Traditional IRA this week:

Buys
  • Tractor Supply Company (TSCO) bought 2 shares.
  • Pepsico (PEP) bought 2 shares.
  • Enterprise Products Partners (EPD) bought 11 shares.
  • Enbridge (ENB) bought 11 shares.
  • British American Tobacco (BTI) bought 10 shares.
  • Bristol-Myers Squibb (BMY) bought 5 shares.
  • Abbvie (ABBV) bought 5 shares.
  • Fidelity MSCI Information Technology ETF (FTEC) bought 0.5 shares.
Sells
  • Coca-Cola (KO) sold out of this position.
  • Cardinal Health (CAH) sold out of this position.
  • BP PLC (BP) sold out of this position.

This week I continued to pare down some of my positions to make my account more manageable. I took the profits from the sales and added to existing positions that I have a stronger conviction in over the long term.

Options Trading

The following is the options trading activity for the week:

  • Organigram Holdings (OGI) sold a cash covered put at a strike price of $3.00 expiring on May 21, 2021 for a premium of $64.31 after fees.
  • Invesco Mortgage Capital (IVR) sold a cash covered put at a strike price of $4.00 expiring on April 16, 2021 for a premium of $17.31 after fees.
  • Organigram Holdings (OGI) assigned 100 shares at $4.00 from a put that expired in the money.
  • Organigram Holdings (OGI) a covered call expired out of the money.
  • Mustang Bio Inc. (MBIO) a covered call expired out of the money.
  • Invesco Mortgage Capital (IVR) assigned 200 shares at $4.00 from a put that expired in the money.
  • Invesco Mortgage Capital (IVR) a cash covered put expired out of the money.
  • Invesco Mortgage Capital (IVR) a covered call expired out of the money.

This week was an active one for options trading. The total option premium received this week was $81.62.

Account Updates

The Traditional IRA finished the week at $114,081 which is up $1,101 over the previous week. It was another week of strong gains in this account.

The 401k finished the week at $6,734 which is up $75 over the previous week.

The Roth IRA finished the week at $367 which is up $9 over the previous week.

The taxable growth account finished the week at $234. This includes the receipt of a $30 referral bonus. Thank you for using the link below to sign up with M1 Finance. The account is up $30 over the previous week due to the referral bonus. Otherwise the account was pretty much flat for the week with just $0.11 in gains. If you would like to see the positions in this account click the link: https://m1.finance/MvvbI-KvPEe6 .

The total amount invested across all of the accounts is $121,416. This up by $1,215 over the previous week.

Wrap Up

The combined income from dividends and options premium this week was $185.50. I continued to trim some positions from the portfolio to make it easier to manage. This is something that I struggle with when building my portfolios. There are so many quality companies out there that are worthy of being part of my portfolio. It is much easier for me to add positions than to remove positions. The companies that I cut this week are quality companies but my portfolio had grown too big to easily manage. I made the tough choice to sell Coca-Cola (KO) because I have more conviction in Pepsi (PEP) due to its diversification into snacks as well as drinks. I have more conviction in some of the other health care companies in my portfolio than I do with Cardinal Health (CAH) so it was sold. I have more conviction in the midstream sector of oil than I do with the majors so I sold off BP. I would still like to trim a few more positions but I am getting closer to being comfortable with the amount of holdings in the account. That’s all for this week. Thanks for reading.

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.

This image has an empty alt attribute; its file name is 2021-02-28-7.png

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

This image has an empty alt attribute; its file name is 2021-02-28-m1-logo.png
https://m1.finance/ktIiFeOI5zDr

I use M1 Finance for my taxable growth account. M1 Finance offers promotions for signing up. At the time of writing this post, the promotion is for $30. 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.

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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