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Dividends, Investing and Options Trading for Week Ending 5/6/22

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Despite taking the week off work, I had a very busy week this week. This update is late due in part to spending a couple days in Northern Michigan on vacation. This vacation was much needed I enjoyed the time to relax and unwind. I also made some changes in my accounts this week. I removed many of the speculative positions in the Traditional IRA this week. Most of these positions were entered into as options trades. These trades were entered into mainly because I was chasing options premium. As a result, I was in several positions that I did not really want to be in. I decided to exit these positions and change my options trading strategy a little bit. Let’s check out the details for the week.

Dividends

This week I received the following dividends in the Traditional IRA:

This week I received the following dividend in the Roth IRA:

All of the dividends received this week were reinvested into the underlying positions. For the week, I received a total of $182.14 in dividends.

Buys/Sells

This week I made the following buys in the Traditional IRA:

This week I made the following buys in the Roth IRA:

This week I made the following buys in the 401k:

This week I made the following buys in the taxable brokerage account:

This week I made the following sells in the Traditional IRA:

Options Trading

This week I made the following options trades in the Traditional IRA:

For the week, I received a total of $17.15 in options premium.

Account Updates

The Traditional IRA finished the week with about $117,851 invested. As a result, this account is up $1,275 from the previous week.

The Roth IRA finished the week with about $2,980 invested. As a result, this account is up $72 from the previous week. When the $100 contribution made this week is factored in, the account is down for the week.

The 401k finished the week with about $11,778 invested. As a result, this account is up $187 from the previous. When the $264 contribution made this week is factored in, the account was down for the week.

The taxable brokerage account finished the week at about $338. As a result, this account is up $16 from the previous week. When the $25 contribution made this week is factored in, the account was down for the week.

The little bit of bitcoin in my account finished the week with just over $19 invested. As a result, this account is down about $3 from the previous week.

This brings the total amount invested to about $132,966. As a result, the total amount invested increased by $1,547 this week. You can see all the positions I am invested in by clicking “Portfolios” in the menu above.

Wrap Up

This week also seen some income from interest in the amount of $9.62. This results in a total amount of income this week of $208.91 from dividends, options premium and interest. As you can see above, I made some significant changes this week, mainly in my options trading strategy. I exited several speculative positions and entered into positions that I am more comfortable holding. While this more conservative approach will likely result in less options premium, it is an approach I am more comfortable with. I am still in the learning phase in investing and options trading and continue to refine my approach. That wraps it up for this 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.

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Free Bitcoin!
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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

Investing Made Easy
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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 $10. 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

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I use Varo Bank for part of my emergency fund. From time to time the bank will run promotions. Currently, you can earn up to 5% 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.

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