Monday, July 18, 2011

Week 12 Deposit and Politics

Its important to keep up with politics and current events without becoming sucked into personal bias.

EDIT: At the time this blog entry was posted I had a Youtube video here. That has been removed but I want the rest of my content to be remain. Nothing hidden no past mistakes ignored. All out in the open.

Well I see that youtube chose another great image for the thumbnail. Why do I never see other youtubers with this problem?

A little edit. With all the math and numbers that fly around with a portfolio mistakes will happen there isn't a way to get around that. Novels have multiple drafts and multiple editing passes to try to catch the mistakes. For financial books there are entire teams and departments to check and recheck things.

For me, I had the wrong dividend typed in here for PCY though my spreadsheet was correct. Just a good example to recheck your numbers each time between what you have vs what your broker has.

Its also a good way to make sure your broker is correct because not all of your bookkeeping errors will be with you. PCY always pays on the last business day of the month. That was Thursday June 30th. I checked that day but there was no payment. I waited until the morning of Friday July 1st and still nothing. I contacted their help desk chat and they cleared it up.

The deposit goes through their clearing company, Penson. Then it gets passed on to me. So in a few more  hours (about 9:00 am eastern) it will show up. It did but being in July I looked at the July time period of activity. I received the dividend because my cash was higher but it didn't list it in the activity section. I just magically got more money. I checked June's statement and they show that I received the dividend at 11:00pm.
It may just be me but if I don't have the money in my account until July, don't show record of it until July, and do not have access to said money until July; then I did not receive it in June. Its not a big deal its only one day, but the point here is that we have to adjust our expectations to match how our broker does things.

If I hadn't found both of these bookkeeping errors it would not have impacted my actual account dollar totals. However the longer it takes to find the harder it gets to actually find it. Months down the road where there have been lots of payments it could make it hard to spot.

I'm going to go back and edit past entries to make it match but I wanted to make mention of it. I'm not trying to hide anything or trick anyone here. Things like this will happen with just about everyone and its something that needs to be accepted and dealt with. If anyone is expecting this to be flawless then you will be disappointed.

Weekly Activity
$100 deposit into Investing
$1.78 dividend from JNK

Model Portfolio Totals

Trading Account: $0

Investing Account: $893.56
Stock: $0
REITs: $0
Bonds: $551.67
     JNK: 7 shares. ($1.78 total dividends)
     PCY: 10 shares. ($1.26 total dividends)
Maneuvering: $341.89

Savings Account: $300
Emergency: $250
Portfolio Protection: $50
CDs: $0
Precious Metals: $0

Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others.
I am not a financial planner, financial advisor, accountant, or tax advisor. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets


  1. Because I check that image to change it immediately.


    Good comments ... because yeah, delays are usual (especially with clearing firms like Penson), but double-checking is absolutely vital, like ya say ...


  2. PS - And yeah ... having all sorts of fun working on a Forex strategy lately, building a 'scratch' methodology myself built on EMA's

  3. Fun is a good word. To me its new and there is an interesting challenge to it. Almost like a puzzle.