Weekly Investing Review 5/1/21

This was a slow week for activity in the investing accounts but I did get a decent amount of dividends. Overall it wound up being a down week. Let’s check out the details!

Dividends

This week I received the following dividends in the Roth IRA:

  • American Tower Corp. (AMT) $0.12

This week I received the following dividends in the Traditional IRA:

  • Invesco Mortgage Capital Inc. (IVR) $9.00
  • Altria Group (MO) $86.51
  • J.P. Morgan Chase (JPM) $4.53

The total amount of dividends received this week was $100.16. The dividends were reinvested.

Buys/Sells

The only trading activity in the Roth IRA this week was the opening of a small position in X-Links Silver ETN (SLVO) with a purchase of 0.40 shares. This is a speculation play on my part. I plan to slowly add a few shares and see how it works out.

In the Traditional IRA this week I bought 2 shares of the Fidelity MSCI Information Technology ETF (FTEC). I really like this ETF because of its total returns. According to the website ETF Channel FTEC has an average annual total return of 13.32% with dividends reinvested since 08/01/1995 compared to an average annual total return of 9.97% for SPY over the same time period.

I also sold out of my position in Raytheon Technologies Corp. (RTX). This is part of my plan to reduce the number of holdings in my Traditional IRA.

Options Trading

I only made one options trade this week. I sold a cash secured put on United Microelectronics Corp. (UMC) at a strike price of $12.50 expiring on May 21, 2021 for a premium of $197.31 after fees.

Account Updates

The Traditional IRA finished the week at $113,702 which is down $490 compared to last week.

The 401k finished the week at $6,917 which is down $7 compared to last week.

The Roth IRA finished the week at $434 which is up $2 compared to last week.

The taxable growth account finished the week at $229 which is down about $3 from last week. All of the positions in this account can be seen at https://m1.finance/ROCYHnGmEtke .

The total amount invested across all accounts is $121,282 which is down $498 compared to the previous week.

Wrap Up

The combined income from dividends and options trading this week was $297.47. This money is reinvested into the accounts to continue the growth of the accounts. It was a good week for income but a little bit of a down week in the overall value of the accounts. I continue to trim out some positions in my Traditional IRA as I look to get to a more manageable number of positions. That’s all for this week. Thanks for following along!

*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 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.

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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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