The S&P 500 and NASDAQ Composite finished the week down…again. The downward trend in the stock market continues. As a result, this is the worst 6 month start for the stock market in over 50 years. Despite the market being down, the dividends continued to come in. I was a bit more active in the accounts this week making several buys and a sell. Let’s check out the details for my weekly update on dividends, investing and options trading.
Dividends
This week I received the following dividends in the Traditional IRA:
- Schwab U.S. Dividend Equity ETF (SCHD) – $95.38
- Vanguard Total Stock Market Index ETF (VTI) – $23.07
- Camping World Holdings Inc. (CWH) – $62.50
- Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL) – $1.88
- Broadcom Inc. (AVGO) – $22.21
- Fidelity Government Money Market (SPAXX) – $0.03
- Pepsico Inc. (PEP) – $25.24
The dividends from CWH and SOXL were deposited into the core account to be reinvested at a future time. All other dividends were reinvested into the underlying positions.
In the Roth IRA I received the following dividends this week:
- Schwab U.S. Dividend Equity ETF (SCHD) – $1.93
- Nationwide NASDAQ 100 Risk Managed Income ETF (NUSI) – $1.94
- Vanguard Growth Index ETF (VUG) – $0.43
- Crown Castle International Corp. (CCI) – $0.37
- Digital Realty Trust Inc. (DLR) – $0.39
- Fidelity Government Money Market (SPAXX) – $0.01
- Invesco NASDAQ Next Generation ETF (QQQJ) – $0.24
- Amplify CWP Enhanced Dividend ETF (DIVO) – $1.43
All of the dividends received in the Roth IRA this week were reinvested into the underlying positions.
In the taxable brokerage account I received the following dividends this week:
- Vanguard Total Stock Market Index ETF (VTI) – $0.21
- Invesco NASDAQ 100 ETF (QQQM) – $0.08
These dividends were deposited into the core account to be reinvested at a future time.
For the week I received a total of $237.34 in dividends.
Investing
This week I made the following buys in the Traditional IRA:
- Lowes Companies Inc. (LOW) – 0.10 shares
- Prudential Financial Inc. (PRU) – 0.10 shares
- Tractor Supply Co. (TSCO) – 0.10 shares
- U.S. Bancorp (USB) – 0.50 shares
- Vanguard Total Stock Market Index ETF (VTI) – 0.10 shares
I made the following buys in the Roth IRA this week:
- J.P. Morgan NASDAQ Equity Premium Income ETF (JEPQ) – 6.339 shares
This week I made the following buys in the 401k:
- Vanguard Total International Stock Market Index Fund – 2.3067 units
- Vanguard Total Bond Market Index Fund – 2.5114 units
- DFA Commodity Strategy Portfolio – 1.2885 units
- Vanguard Total Stock Market Index Fund – 9.3131 units
In the taxable brokerage account I made the following buys this week:
- Shopify Inc. (SHOP) – 0.05325 shares
- Materialise Nv ADR (MTLS) – 0.14502 shares
- Personalis Inc. (PSNL) – 0.39249 shares
- Meta Platforms Inc. (META) – 0.01072 shares
- Invitae Corp. (NVTA) – 1.13031 shares
- SoFi Technologies Inc. (SOFI) – 0.91492 shares
- Block Inc. (SQ) – 0.056 shares
- PayPal Holdings Inc. (PYPL) – 0.01598 shares
- MercadoLibre Inc. (MELI) – 0.0044 shares
- Palantir Technologies Inc. (PLTR) – 0.16438 shares
- ASML Holding Nv ADR (ASML) – 0.00293 shares
This week I made the following sell in the Roth IRA:
- Nationwide NASDAQ 100 Risk Managed Income ETF (NUSI) – liquidated the entire position
NUSI did not perform like I expected it to during a market downturn so I decided to move out of this position and used the proceeds to start a position in JEPQ.
Options Trading
Closed Positions
- Verizon (VZ) – bought a closing transaction on a covered call at a strike price of $54 with an expiration date of July 1, 2022. The premium received for this trade was -$1.03 after fees. I held this trade for about 17 days resulting in a profit of $9.38.
Opened Positions
- General Motors Co. (GM) – sold a covered call at a strike price of $37.50 with an expiration date of July 1, 2022. The premium received for this trade was $10.41 after fees.
- Camping World Holdings Inc. (CWH) – sold a covered call at a strike price of $27.50 with an expiration date of July 15, 2022. The premium received for this trade was $19.31 after fees.
- Verizon (VZ) – sold a covered call at a strike price of $53.00 with an expiration date of July 8, 2022. The premium received for this trade was $5.66 after fees.
Expired Positions
- General Motors Co. (GM) – a covered call at a strike price of $37.50 with an expiration date of July 1, 2022 expired out of the money. This trade was held for about 5 days resulting in a profit of $10.41.
This week I received a total of $34.35 in options premium.
Account Updates
The Traditional IRA finished the week at about $111,367. As a result, the account value decreased by -$1,649 from the previous week.
The Roth IRA finished the week at about $3,400. As a result, the account value decreased by -$68 from the previous week.
The 401k finished the week at about $12,212. As a result, the account value increased by $104 from the previous week but does include a contribution of $269.
The taxable brokerage account finished the week at about $361. As a result, the account value increased by $2 from the previous week but does include a contribution of $25.
The little bit of bitcoin I own finished the week at a little under $11. As a result, the value dropped by about -$1 from the previous week.
This brings the total amount invested to about $127,351. Week over week, the total amount invested decreased by -$1,612. You can see all of the companies and funds I invest in by clicking on “Overall Portfolio” in the menu above.
Wrap Up
This week saw a little bit of income from interest in the amount of $15.72. The combined income from dividends, options premium and interest totaled $287.41. Despite the stock market being down, my income continues to grow. That wraps it up for this week’s update on dividends, investing and options trading. 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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Just started my SCHD position and received my first payout. Would love to get to the $100 payout mark and you are just a few dollars away from that.
SCHD is a great ETF that I will continue to grow my position in. I think you will be happy with the addition of SCHD to your portfolio. It is just a matter of time before I hit the $100 payout mark and look forward to much larger payouts in the future.