The stock market continued to fall this week. The Feds hawkish tone while raising interest rates, companies signaling the potential for a recession ahead, and global tensions centered around Russia and China are all contributing factors to the decline in the stock market. The Dow Jones hit a low point for the year while the S&P 500 and NASDAQ are testing the lows from June. As always, I continue to stick my plan and keep investing. Let’s check out my weekly update on dividends, investing and options trading.
Dividends
The following dividend was received the the Traditional IRA this week:
- Lockheed Martin Corp. (LMT) – $31.41
In the Roth IRA this week, the following dividend was received :
- Invesco NASDAQ Next Generation ETF (QQQJ) – $0.25
The following dividend was received in the taxable brokerage account this week:
- Invesco NASDAQ 100 ETF (QQQM) – $0.09
The dividends from QQQJ and QQQM were deposited into the core account to be reinvested at a future time. The LMT dividend was reinvested back into the underlying position.
The total amount of dividends received this week was $31.75.
Investing
I made following buy in the Traditional IRA this week:
- U.S. Bancorp (USB) – 0.50 shares
In the Roth IRA, I made the following buys this week:
- Schwab U.S. Dividend Equity ETF (SCHD) – .80 shares
- Medical Properties Trust Inc. (MPW) – 2 shares
- J.P. Morgan NASDAQ Equity Premium Income ETF (JEPQ) – 0.25 shares
- J.P. Morgan Equity Premium Income ETF (JEPI) – 0.10 shares
- Digital Realty Trust Inc. (DLR) – 0.20 shares
- Amplify CWP Enhanced Dividend ETF (DIVO) – 0.50 shares
- American Tower Corp. (AMT) – 0.10 shares
- STAG Industrial Inc. (STAG) – 0.473 shares
- Innovative Industrial Properties Inc. (IIPR) – 0.25 shares
This week I made the following buys in the 401k:
- Vanguard Total Stock Market Index Fund – 9.593 units
- DFA Commodity Strategy Portfolio – 1.417 units
- Vanguard Total Bond Market Index Fund – 2.60 units
- Vanguard Total International Stock Market Index Fund – 2.551 units
No sells were made this week.
Options Trading
The following options trades were made in the Traditional IRA this week:
Closed Positions
- No positions were closed this week.
Opened Positions
- Warner Bros. Discovery (WBD) – sold a covered call at a strike price of $14.50 with an expiration date of September 23, 2022. The premium received for this trade was $2.81 after fees.
- AT&T Inc. (T) – sold 2 covered calls at a strike price of $18.50 with an expiration date of September 30, 2022. The premium received for this trade was $3.73 after fees.
- SoFi Technologies Inc. (SOFI) – sold a covered call at a strike price of $7.00 with an expiration date of September 30, 2022. The premium received for this trade was $3.76 after fees.
- Verizon (VZ) – sold a covered call at a strike price of $41.00 with an expiration date of September 23, 2022. The premium received for this trade was $1.86 after fees.
Expired Positions
- SoFi Technologies Inc. (SOFI) – a covered call at a strike price of $7.00 with an expiration date of September 23, 2022 expired out of the money. I held this trade for about 12 days resulting in a profit of $9.46.
- Verizon (VZ) – a covered call at a strike price of $41.00 with an expiration date of September 23, 2022 expired out of the money. I held this trade for about 2 days resulting in a profit of $1.86.
- Warner Bros. Discovery (WBD) – a covered call at a strike price of $14.50 with an expiration date of September 23, 2022 expired out of the money. I held this trade for about 5 days resulting in a profit of $2.81.
- Palantir Technologies (PLTR) – two covered calls at a strike price of $9.50 with an expiration date of September 23, 2022 expired out of the money. I held this trade for about 12 days resulting in a profit of $5.62.
This week I received a total of $12.16 in options premium.
Account Updates
The Traditional IRA finished the week at about $104,646. As a result, the account value decreased by -$4,555 from the previous week.
The Roth IRA finished the week at about $5,114. As a result, the account value decreased by -$13 from the previous week. This includes a contribution of $265 made this week.
The 401k finished the week at about $13,152. As a result, the account value decreased by -$303 from the previous week. This includes a contribution of $269 made this week.
The taxable brokerage account finished the week at about $386. As a result, the account value decreased by -$33 from the previous week.
The little bit of bitcoin that I own finished the week at about $12. As a result, this decreased by -$1 from the previous week.
This brings the total amount invested to about $123,310. Week over week, the total amount invested decreased by -$4,905. You can see all of the positions in my portfolio by clicking “Overall Portfolio” in the menu above.
Wrap Up
The combined income from dividends and options premium totaled $43.91 this week. This week was not a good week for income from the portfolio. Next week will be better for dividends but we will have to see about the options income. This month has not been a good month for options premium. I continue to keep investing and have been investing more as the market declines. The hardest part for me during the market declining this year is to not over invest. 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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