Dividends, Investing and Options Trading for the Week Ending 6/12/21

On a personal note, I am glad that I have an emergency fund. On Friday afternoon my hot water heater broke and began leaking water. I was able to go buy a new hot water heater and get it installed that evening. Having an emergency fund made a stressful situation a little less stressful. I did not have to worry about how I was going to pay for the repair. I could focus on making the necessary repairs without worrying about the financial consequences. From an investing standpoint it was a relatively passive week. I collected a few dividends and rolled over a couple of options trades. Even without me doing much active investing this week all of accounts were up for the week. Hmm…maybe the accounts are up because I left them alone? Let’s check out the details for the week below.

Dividends

The only dividends that I received this week were in the Traditional IRA. Here are the dividends I received this week:

  • Tractor Supply Co. (TSCO) – $6.24
  • Johnson & Johnson Co. (JNJ) – $25.76
  • International Business Machines Corp. (IBM) – $42.09
  • Microsoft Corp. (MSFT) – $14.08

The total amount of dividends I received this week was $88.17. The dividends from TSCO and JNJ were reinvested into the underlying companies. The dividends from IBM and MSFT will be reinvested into other companies in the future. Both of those positions are at scale and I will use the dividends to build up some other positions.

Buys/Sells

No buys or sells were made this week in any of the accounts.

Options Trading

The following is the options trading activity this week in the Traditional IRA:

  • XL Fleet Corp. (XL) – closed out a cash secured put at a strike price of $7 expiring on June 18, 2021 for a premium of -$10.03 after fees.
  • XL Fleet Corp. (XL) – sold a cash secured put at a strike price of $8 expiring on July 16, 2021 for a premium of $82.31 after fees.
  • Verizon (VZ) – closed a covered call at a strike price of $60 expiring on June 18, 2021 for a premium of -$7.03 after fees.
  • Verizon (VZ) – sold a covered call at a strike price of $59 expiring on June 25, 2021 for a premium of $15.31 after fees.

The total option premium received this week was $80.56.

Account Updates

The Traditional IRA finished the week at $116,828 which is up about $645 over last week.

The 401k finished the week at $7,582 which is up about $51 over last week.

The Roth IRA finished the week at $559 which is up about $8 over last week.

The taxable brokerage account finished the week at $268 which is up about $11 over last week.

The total amount invested across all accounts is about $124,969 which is up by about $447 over last week. I have started included all of portfolio positions on the Portfolios tab above or you can click this link: https://bluecollarbill.com/portfolios/ .

Wrap Up

The combined income from dividends and options premium this was $168.73 which will all be reinvested to continue to grow the accounts. While on a personal level it was a hectic week with hot water heater repair, on the financial side it was a relatively boring week. Boring can be good when investing. All of my accounts grew this week with little effort on my part. As these accounts grow it gets me that much closer to reaching financial independence.

*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 or 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.

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. Who doesn’t want free bitcoin! 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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: