Dividends, Investing and Options Trading for Week Ending 3/11/22

The S&P 500 and NASDAQ finished down again this week. This has been the trend so far this year. Year to date the S&P 500 is down almost 12% and the NASDAQ is down almost 18%. Based on the current environment which includes pending interest rate hikes by the Fed and geopolitical tensions from Russia invading Ukraine, I expect this trend to continue. While it may seem scary in the moment to invest in the stock market while it is falling, now could be the time to invest more to create future wealth. A few years from now we will likely look back on this time as a great buying opportunity. That said, let’s take a look at how the accounts performed this week.

Dividends

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

  • Tractor Supply Co. (TSCO) – $11.96
  • Johnson & Johnson (JNJ) – $26.26
  • Microsoft Corp. (MSFT) – $15.59
  • Prudential Inc. (PRU) – $39.96

All of the dividends received this week were reinvested into the underlying positions.

The total amount of dividends received this week was $93.77.

Buys/Sells

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

  • Vanguard Total Stock Market Index Fund ETF (VTI) – 1 share

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

  • Omega Healthcare Investors Inc. (OHI) – 1 share

No sells were made this week.

Options Trading

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

  • PetMed Express Inc. (PETS) – bought a closing transaction on a cash secured put at a strike price $25 expiring on March 18, 2022 for a premium of -$25.03 after fees. This trade was held for about 26 days and resulted in a profit of $101.28.
  • Hyliion Holdings (HYLN) – sold a covered call at a strike price of $4.50 expiring on April 22, 2022 for a premium of $24.31 after fees.
  • Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL) – sold a cash secured put at a strike price of $27.00 expiring on March 18, 2022 for a premium of $214.31 after fees.

The total amount of options premium received this week was $213.59.

Account Updates

The Traditional IRA finished the week at about $118,692. This is down $2,136 from the previous week.

The Roth IRA finished the week at about $2,559. This is down $51 from the previous week.

The 401k finished the week at about $10,770. This is down $227 from the previous week.

The taxable brokerage account finished the week at about $324. This is down $16 from the previous week.

The little bit of bitcoin that I own finished the week at about $18. This is flat week over week.

The total amount invested is now about $132,363. This is down $2,430 from the previous week. All of the positions in my portfolio can be seen by clicking “Portfolios” in the menu above.

Wrap Up

The total amount of dividends and options premium received this week was $307.36. This was another solid week of cash flow for the accounts even though there was not a lot of activity in the accounts. Seeing the accounts generate cash flow keeps me motivated to continue investing, even when the markets are going down. By investing now I am creating a future that will be funded by the cashflow from my accounts. 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.

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https://www.lolli.com/share/XP7gxDgqC4

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 in M1 Finance and want to support the blog here is my referral link: https://m1.finance/ktIiFeOI5zDr

This image has an empty alt attribute; its file name is varo.png
https://bank.varomoney.com/signup?r=William360

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.

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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