The S&P 500 and NASDAQ were trading relatively flat on Monday and Tuesday. On Wednesday and Thursday both were up. Then on Friday both dropped by a good bit to finish the week in the red. With high inflation, looming interest rate hikes, geopolitical tensions and other issues, I can see it be a rough year for the stock market. Despite the headwinds facing the market I will continue to follow my plan and dollar cost average into the market. Let’s see how my investing went this week.
Dividends
The following dividends were received in the Traditional IRA this week:
- Texas Instruments Inc. (TXN) – $11.85
- Enterprise Products Partners (EPD) – $47.51
The dividend from TXN was reinvested into the underlying position. The dividend from EPD is pending reinvestment into the underlying position.
The following dividend was received in the taxable brokerage account this week:
- Deere & Co. (DE) – $0.04
This dividend was deposited into the core account to be reinvested in the future.
The total amount of dividends received this week was $59.40.
Buys/Sells
The following buys were made in the Roth IRA this week:
- Vanguard Growth Index ETF (VUG) – 0.034 shares
- Store Capital Corp. (STOR) – 0.326 shares
- Schwab U.S. Dividend Equity ETF (SCHD) – 0.062 shares
- NASDAQ Next Generation ETF (QQQJ) – 0.162 shares
- Nationwide NASDAQ 100 Risk Managed Income ETF (NUSI) – 0.387 shares
- J.P. Morgan Equity Premium Income ETF (JEPI) – 0.326 shares
- Innovative Industrial Properties Inc. (IIPR) – 0.051 shares
- Amplify CWP Enhanced Dividend ETF (DIVO) – 0.396 shares
- American Tower Corp. (AMT) – 0.04
The following buys were made in the 401k this week:
- Vanguard Total International Stock Market Index Fund – 1.893 units
- Vanguard Total Bond Market Index Fund – 2.2855 units
- Vanguard Total Stock Market Index Fund – 7.6818 units
- DFA Commodity Strategy Portfolio – 1.3994 units
No sells were made this week.
Options Trading
The following options trades were made in the Traditional IRA this week:
- Genius Sports Ltd. (GENI) – bought a closing transaction on a covered call at a strike price of $7.50 expiring on February 18, 2022 for a premium of -$14.06 after fees. This trade was held for about 14 days and resulted in a profit of $34.59.
- Genius Sports Ltd. (GENI) – sold a covered call at a strike price of $7.50 expiring on March 18, 2022 for a premium of $52.63 after fees.
- Verizon (VZ) – bought a closing transaction on a covered call at a strike price of $55.00 expiring February 18, 2022 for a premium of -$9.03 after fees. This trade was held for about 34 days and resulted in a profit of $50.29.
- Verizon (VZ) – sold a covered call at a strike price of $55.00 expiring on March 18, 2022 for a premium of $37.31 after fees.
- Camping World Holdings (CWH) – bought a closing transaction on a cash secured put at a strike price of $30.00 expiring on February 18, 2022 for a premium of -$15.03 after fees. This trade was held for about 13 days and resulted in a profit of $85.29.
- PetMed Express (PETS) – sold a cash secured put at strike price of $25.00 expiring on March 18, 2022 for a premium of $126.31 after fees.
- AT&T Inc. (T) – bought a closing transaction on covered call at a strike price of $27.00 expiring on March 18, 2022 for a premium of -$10.03 after fees. This trade was held for about 35 days and resulted in a profit of $43.29.
- AT&T Inc. (T) – sold a covered call at a strike price of $26.00 expiring on April 14, 2022 for a premium of $35.31 after fees.
- Enbridge Inc. (ENB) – bought a closing transaction on a covered call at a strike price of $42.50 expiring on April 14, 2022 for a premium of -$127.68 after fees. This trade was held for about 45 days and resulted in a loss of -$108.36.
- Enbridge Inc. (ENB) – sold a covered call at strike price of $42.50 expiring on July 15, 2022 for a premium of $176.31 after fees.
The total amount of options premium received this week was $252.04.
Account Updates
The Traditional IRA finished the week at about $121,325. This is up $184 from the previous week.
The Roth IRA finished the week at about $2,309. This is down -$32 from the previous week.
The 401k finished the week at about $10,832. This is up $185 from the previous week. When the automatic bi-weekly contribution of about $264 is factored in, the account is down for the week.
The taxable brokerage account finished the week at about $344. This is down $5 from the previous week.
The little bit of bitcoin that I own finished the week a little $20 which is up about $1 from the previous week.
The total amount invested is now about $134,830. This is up $333 from the previous week. All of the positions in my portfolio can be seen by clicking “Portfolios” in the menu or clicking here.
Wrap Up
The total amount of dividends and options premium received this week was $311.44. This week was a bit more active, especially on the options trading. Even in a down market, I am able to generate income from account. The market is going to do what it does. It will go up, it will go down. I have no control over what the market does. I can control what I do. I am sticking to my plan. So far, I have been able to increase the amount of income my account is producing by following my plan. As long as that continues, I will stick to my plan. That doesn’t mean that I won’t tweak my plan a little bit along the way. Being flexible and adjusting to changing conditions is also important. That wraps it up for this week. Thanks for following along!
On a side note, I have added a Recommended Resources in the menu. It currently is a work in progress. It will contain blogs and YouTube channels that I enjoy as well as some sites that I use. I hope you take the time to check it out.
*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.
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
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 in M1 Finance and want to support the blog here is my referral link: https://m1.finance/ktIiFeOI5zDr
Varo Bank is one of the banks that I use. From time to time the bank will run promotions. Currently, you can earn up to 3% on your savings with Varo, if you meet certain requirements. If you are interested in checking it out, here is my referral link: https://bank.varomoney.com/signup?r=William360
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.