Tuesday, December 18, 2012

Week 86 Update

No video for this week as I have a lot going on right now. Its always this way for me and the holidays.
It does however offer a good opportunity to comment on being a trader and investor.

There is a mental shift that will come when we eventually are able to quit our day jobs and go full time managing our own income.  While I am not at that point I do spend my day talking and emailing with those that are at that point to get an idea what is in store. We will no longer have to be working 8 hours a day and the time needed to be set aside for supporting ourselves financially drops. Considerably.

Some of that can already be seen with the Model Portfolio. My income stock are working great giving a steady stream of dividends. I do not have to keep a close eye on all of them.  The trading account is building up to get ready to take on trades. I have enough in there now to start doing option selling with $22.50 priced stock and WHZ currently and almost enough for TCAP. But there is no rush for every day offers a potential trade. Stress on the word potential. Some of the traders out there like Aileron will take a trade a week or every other week. That doesnt take a whole lot of time during your work week. What else is there to be done? Enjoying life plain and simple. Thats what I am striving for.



Weekly Activity
$100 deposit into Trading
$1.59 dividend from JNK


Model Portfolio Totals

Trading Account: $2,253.83
1 SPY 135 JAN PUT: $98 (-$269)
 Purchased @ 3.67
Cash: $2,155.83

Investing Account: $4,726.54
Estimated Monthly Income: $19.90 ($0.600 from DRIP)
Stock
     ABT: $0.77 ($0.018 from DRIP)
     AFL: $0.68 ($0.015 from DRIP)
     MCD: $0.70
     STX: $2.42 ($0.042 from DRIP)
     WMT: $0.59 ($0.014 from DRIP)
Energy
     COP: $0.80 ($0.035 from DRIP)
     ERF: $0.92 ($0.082 from DRIP)
     WHZ: $3.68
REITs
     AGNC: $2.86
     O: $1.16 ($0.062 from DRIP)
BDCs
     TCAP: $2.37 ($0.100 from DRIP)
Bonds
     JNK: $1.76 ($0.160 from DRIP)
     PCY: $1.19 ($0.073 from DRIP)
Maneuvering Cash: $1,091.10

Savings Account: $2,175.20
Emergency Fund: $1,000
General/Car Fund: $825.20
Portfolio Protection
     Trading Account: $100
     Investing Account: $250



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 adviser. 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.

3 comments:

  1. :) Enjoy life doing what you like I have those same goals!

    ReplyDelete
  2. You "forgot" week 87 update or were too busy. Looking forward to your end of the year video.

    ReplyDelete
    Replies
    1. Got some major changes coming that I think will be helpful to more people then what I am currently doing. Still working on a few ideas for it.

      Delete