The stock market was down again this week with both the S&P 500 and NASDAQ finishing the week down. Despite the stock market being down I continue to stick to my plan. I view this as a great learning experience. I get to see how my accounts perform in a down market including how much income the accounts are producing. This should help me in the future when I am retired to understand that even when the stock market drops and my account values fall I will still be able to produce income from my accounts. Alright, let’s check out my weekly update on dividends, investing and options trading.
Dividends
The following dividends were received the the Traditional IRA this week:
- Fidelity Government Money Market account (SPAXX) – $8.31
- Visa Inc. (V) – $6.62
- Kroger Co. (KR) – $0.39
- Enbridge Inc. (ENB) – $67.95
The following dividends were received in the Roth IRA this week:
- Fidelity Government Money Market account (SPAXX) – $0.15
- Amplify CWP Enhanced Dividend ETF (DIVO) – $2.13
The dividend from ENB was deposited into the core position to be reinvested at a future time. The remaining dividends were reinvested back into the underlying positions.
The total amount of dividends received this week was $85.55.
Investing
In the 401k, the following buys were made this week:
- Vanguard Total Bond Market Index Fund – 2.5065 units
- DFA Commodity Strategy Portfolio – 1.2548 units
- Vanguard Total Stock Market Index Fund – 8.7694 units
- Vanguard Total International Stock Market Index Fund – 2.3149 units
The following buys were made in the taxable brokerage account this week:
- Alphabet (GOOG) – 0.01151 shares
- Shopify Inc. (SHOP) – 0.11079 shares
- Sea Ltd. – ADR (SE) – 0.02093 shares
- PayPal Holdings Inc. (PYPL) – 0.03019 shares
- Teladoc Health Inc. (TDOC) – 0.08405 shares
- Palantir Technologies Inc. (PLTR) – 0.66425 shares
- Amazon (AMZN)- 0.01021 shares
- ASML Holding NV (ASML) – 0.00637 shares
- MercadoLibre Inc. (MELI) – 0.00363 shares
- SoFi Technologies Inc. (SOFI) – 0.23788 shares
- Block Inc. (SQ) – 0.02767 shares
No sells were made this week.
Options Trading
The following options trades were made in the Traditional IRA this week:
Closed Positions
- Enterprise Products Partners (EPD) – bought a closing transaction on a covered call at a strike price of $25.00 with an expiration date of September 16, 2022. The premium received for this trade was -$115.68 after fees.
- Enbridge Inc. (ENB) – bought a closing transaction on a covered call at a strike price of $42.50 with an expiration date of October 21, 2022. The premium received for this trade was -$105.68 after fees.
Opened Positions
- Warner Bros. Discovery (WBD) – sold a covered call at a strike price of $14.50 with an expiration date of September 02, 2022. The premium received for this trade was $4.71 after fees.
- SoFi Technologies Inc. (SOFI) – sold a covered call at a strike price of $7.50 with an expiration date of September 9, 2022. The premium received for this trade was $4.71 after fees.
- Palantir Technologies Inc. (PLTR) – sold two covered calls at a strike price of $9.50 with an expiration date of September 9, 2022. The premium received for this trade was $5.63 after fees.
- Verizon (VZ) – sold a covered call at a strike price of $44.00 with an expiration date of September 2, 2022. The premium received for this trade was $2.81 after fees.
- Enterprise Products Partners (EPD) – sold a covered call at a strike price of $26.00 with an expiration date of January 20, 2023. The premium received for this trade was $130.31 after fees.
- Enbridge Inc. (ENB) – sold a covered call at a strike price of $47.50 with an expiration date of January 19, 2024. The premium received for this trade was $144.31 after fees.
Expired Positions
- SoFi Technologies Inc. (SOFI) – a covered call at a strike price of $7.50 with an expiration date of September 2, 2022 expired out of the money. I held this trade for about 10 days resulting in a profit of $3.76.
- Verizon (VZ) – a covered call at a strike price of $44.00 with an expiration date of September 2, 2022 expired out of the money. I held this trade for about 3 days resulting in a profit of $2.81.
- Warner Bros. Discovery (WBD) – a covered call at a strike price of $14.50 with an expiration date of September 2, 2022 expired out of the money. I held this trade for about 5 days resulting in a profit of $4.71.
- AT&T Inc. (T) – two covered calls at a strike price of $19.50 with an expiration date of September 2, 2022 expired out of the money. I held this trade for about 12 days resulting in a profit of $3.73.
This week I received a total of $71.12 in options premium.
Account Updates
The Traditional IRA finished the week at about $110,744. As a result, the account value decreased by -$3,814 from the previous week.
The Roth IRA finished the week at about $4,703. As a result, the account value decreased by -$59 from the previous week.
The 401k finished the week at about $13,366. As a result, the account value decreased by -$135 from the previous week.
The taxable brokerage account finished the week at about $417. As a result, the account value increased by $6 from the previous week. This includes the regular $25 monthly contribution.
The little bit of bitcoin that I own finished the week at about $13. As a result, this is even with the previous week.
This brings the total amount invested to about $129,243. Week over week, the total amount invested decreased by -$4,002. You can see all of the positions in my portfolio by clicking “Overall Portfolio” in the menu above.
Wrap Up
This week I did receive $26.70 in interest from my bank accounts. The combined income from dividends, options premium and interest totaled $183.37 this week. One thing I have learned in the short time I have been investing is that no matter whether the market is going up or going down, dividends from quality companies will continue to come in. I can also generate income from accounts by trading options, but I still have a lot to learn in this area. Month to month, the income from options trading has not been very consistent. Over time, I should be able improve my options strategy to provide a reliable source of income. 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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