Dividends, Investing and Options Trading for Week Ending 8/20/2021

The stock market had a rough week. The S&P 500 was down by almost 2% on Thursday then rallied back on Friday but still finished down for the week. The NASDAQ had even a rougher week being down over 2% on Thursday then rallying on Friday but still finishing the week down. Most of my accounts were down for the week but the overall portfolio finished the week with a slight gain. Let’s check out the details!

Dividends

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

  • Proctor and Gamble Co. (PG) – $19.48
  • Abbvie Inc. (ABBV) – $40.26
  • Enterprise Products Partners LP (EPD) – $30.11
  • United Microelectronics ADR (UMC) – $21.64 (after foreign tax and fees)

The dividend from UMC was deposited into the core account for reinvestment at a future time. The rest of the dividends were reinvested into the underlying positions.

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

  • Stag Industrial Inc. (STAG) – $0.12

The dividend was reinvested into the underlying position.

The total amount of dividends received this week was $111.61.

Buys/Sells

The following buys were made in the Traditional IRA this week:

  • Kroger Co. (KR) – 4 shares
  • Lockheed Martin Corp. (LMT) – 0.75 shares

I continued to build my position in KR with the goal of reaching 100 shares. It has been harder for me to buy KR lately though because the stock price has been running up. I added to my LMT position because it looks undervalued at its current price.

The following buys were made in the Roth IRA this week:

  • Invesco NASDAQ Next Generation ETF (QQQJ) – 0.50 shares
  • Medical Properties Trust Inc. (MPW) – 1.5 shares
  • Huntington Bancshares Inc. (HBAN) – 2.25 shares

I added to my QQQJ position to maintain some growth in the Roth IRA. I added to MPW and HBAN because I believe both are undervalued at the current prices.

No sells were made this week.

Options Trading

The following options trades were made in the Traditional IRA this week:

  • Plains All American Pipeline (PAA) – bought a closing transaction on a covered call expiring January 21, 2022 for a premium of -$85.68 after fees.
  • Plains All American Pipeline (PAA) – sold a covered call at a strike of $8 expiring on September 17, 2021 for a premium of $184.31 after fees.
  • Altria Group Inc. (MO) – bought a closing transaction on a covered call expiring December 17, 2021 for a premium of -$80.68 after fees.
  • Altria Group Inc. (MO) – sold a covered call at a strike price of $52.50 expiring on January 20, 2023 for a premium of $241.31 after fees.

The total amount of option premium received this week was $259.26. The PAA position is not a strong conviction position. This position was initiated for the purpose of options trading. I do not plan to hold it long term. This is why I am more aggressive in my strike prices. I do plan to hold on to the MO position for now, but it would not be the end of the world if these shares got called away.

Account Updates

The Traditional IRA finished the week at $119,224. This is up $146 over the previous week.

The Roth IRA finished the week at $813. This is up $97 over the previous week. This total includes a contribution of $100, so the account is actually down a little bit this week.

The 401k finished the week at $8,464. This is down -$85 from the previous week.

The taxable brokerage account finished the week at $312. This is down -$9 from the previous week.

My small amount of bitcoin finished the week at $19.02. This is up $0.87 over the previous week.

The total amount invested is now up to $128,832. This is up $148 over the previous week. If you would like to see all of the positions in my portfolio click on Portfolios in the menu or click this link: https://bluecollarbill.com/portfolios/

Wrap Up

The total amount of dividends and options premium received this week was $370.87. This is a decent amount of income for the week considering where I am at in my investing journey. No, it is enough to cover all of my expenses but it will be as it grows over the next 9 1/2 years when I plan to retire. Despite it being a down week in the markets, my overall portfolio value grew so I am happy with that. That about wraps it up for the 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 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.

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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. 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 $50. 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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