The S&P 500 and NASDAQ continued to trend downward at the start of the week and through the middle of the week. At one point this week the S&P 500 was down over 5% while the NASDAQ was down over 7%. One of the main drags on the stock market seemed to be the impending invasion of Ukraine by Russia. Once the invasion occurred the stock market rallied back up at the end of the week. When all was said and done this week, both the S&P 500 and NASDAQ finished the week pretty close to where the week started. A lot was going on in the world and the stock market but not so much in my accounts. Let’s check out the details of my week.
No dividends were received in any of the accounts this week.
The following buy was made in the Traditional IRA this week:
- Vanguard Total Stock Market Index ETF (VTI) – 0.10 shares
The following buys were made in the 401k this week:
- DFA Commodity Strategy Portfolio – 1.335 units
- Vanguard Total Bond Market Index Fund – 2.2863 units
- Vanguard Total Stock Market Index Fund – 8.0642 units
- Vanguard Total International Stock Market Index Fund – 1.9961 units
No sells were made this week.
The following options trades were made in the Traditional IRA this week:
- XL Fleet Corp. (XL) – sold a covered call at a strike price of $5.00 expiring on May 20, 2022 for a premium of $4.71 after fees.
- XL Fleet Corp. (XL) – sold a covered call at a strike price of $2.00 expiring on March 18, 2022 for a premium of $9.46 after fees.
- AT&T Inc. (T) – bought a closing transaction on a covered call at a strike price of $27.00 expiring on April 14, 2022 for a premium of -$12.03 after fees. This trade was held for about 47 days and resulted in a profit of $47.29.
- AT&T Inc. (T) – sold a covered call at a strike price of $27.00 expiring on June 17, 2022 for a premium of $33.31 after fees.
The total amount of options premium received this week was $35.45.
The Traditional IRA finished the week at about $121,200. This is up $1,288 from last week.
The Roth IRA finished the week at about $2,390. This is up $17 from the previous week.
The 401k finished the week at about $11,036. This is up $294 from the previous week. This includes the automatic bi-weekly contribution of about $264.
The taxable brokerage account finished the week at about $333. This up $9 from the previous week.
The little bit of bitcoin that I own finished the week at about $18. This is down about $1 from the previous week.
The total amount invested is now about $134,977. This is up $1,607 over the previous week. All of the positions in my portfolio can be seen by clicking on “Portfolios” in the menu or clicking here.
The total amount of dividends and options premium received this week was $35.45. This was an off week for income with no dividends coming in and light options trading. I did try to make a few more options trades but my orders did not get filled at prices I was comfortable with. Next week will be a much better week income wise. I continue to ride the stock market roller coaster and follow my plan regardless of what the market is doing. 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.