Sunday, April 13, 2014

Monthly Update: March 2014

My work situation is getting better and improving with my stress level dropping and my time and energy to focus on my portfolio is returning. Management finally realized how they blew it and hurt the team. They are hiring a third new person which short term means more work in training but will obviously pay off later. I was approved for overtime and have been putting in a lot of extra hours which was stressful but will give me extra money to work with.
I am looking forward to a more frequent posting schedule...

Portfolio Activities
$1,000 deposits into Investing account
$50 deposits into Lending Club
Bought 16.9211 shares of JNK @ $41.14


Portfolio Income
Dividends
Total: $96.33
     AFL: $2.15
     IBM: $1.90
     MCD: $2.23
     ARCP: $6.35
     VTR: $12.06
     PSEC: $7.51
     TCPC: $22.42
     COP: $2.51
     NDRO: $3.13
     WHZ: $29.61
     BLV: $2.47
     JNK: $1.45
     PCY: $1.95
     Interest from Cash: $0.59
Lending Club
     Interest: $7.02
Rental Income
     Townhouse 1: $855

Vacancy: My tenant received orders that they are being sent to another military post, they are a military family, and had to move. When this occurs, my property manager keeps $300 of the last month's rent for costs. Mostly for advertising, listing costs, and cleaning. If they don't use it all then I get the left over sent to me. Its looking like I will have a vacancy for the month of April which will be rough. That's $855 less income I am getting yet my bills do not drop. Still have to pay the mortgage on it. With the overtime I am getting at work I don't think I'll see a drop in April's deposits. Hopefully it won't be vacant for two months.

Broke $100 income barrier: I had a great month income wise and broke the $100 level for the first time. Now technically I do have my rent of $855 coming in and I do record that. However, mentally I do not count it because my mortgage and other costs are greater then the rent I receive. Dividends and Lending Club interest though are a different matter. Its been a long road since I first started my blog back in April 2011 and I have a long ways to go, but its good to see the progress I've made. Its something I take pride in as most people are stuck in the "Yeah I really gotta get around to working on my finances someday." mentality.

Lending Club is going well: While I am annoyed at them taking so long to get their monthly statements to me, the fact that that is my only problem is pretty good. I'm currently have a 21% average yield. That won't last forever as sooner or later I will have a default. Until then, I'll enjoy it.

Cemig (CIG) woke up: CIG has risen 30% since March 14th. Nothing really changed but its a great example of what buying a deeply undervalued company gets you. It had dropped to a P/E of 3.5. Three point five. There is a lot of fear out there over the economy of Brazil but they aren't a luxury item or discretionary goods company. They are one of the biggest electrical companies in Brazil. People aren't going to stop using electricity. I should be getting news of the first dividend this month.



Disclaimer: The investments and trades discussed are not recommendations for others. I am not a financial planner, financial adviser, 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.

13 comments:

  1. Congrats on breaking the monthly $100 barrier Pulley. Have a great week!
    -Bryan

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  2. Congrats on crossing the $100 mark! I'm glad that management is at least acknowledging their mistake and bringing on a third person to help out. Have a great rest of the weekend!

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    1. Hey there PIP. I appreciate you stopping by.

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  3. Nice work with the dividends and monthly net interest amount from Lending Club! Should keep moving on up as the deposits and payments reinvested compound for you.

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  4. Glad to hear things are improving at your job. I completely understand the concept of enduring the stressful environment while working... makes the idea of retirement that much better! The vacancy ofcourse is bad, but I just found out last weekend I need to pay $1,100 to replace the coils inside of one of my rental unit's air conditioning system.

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    1. Ouch. How long have you had the AC unit? I just put one in last year so am not fully sure how long they last.

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    2. The unit was built in 1996. The hvac company says they will provide a 10 year guarantee on the new parts. The 10 year warranty was standard for me for both houses I built.

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  5. Replies
    1. It felt really good hitting $100. Thanks for stopping by.

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  6. Always enjoy reading your insight on No Nonsense and it carries forward to this Blog as well. If you like WHZ you may want to look at BBEP. Monthly payer w/10 % yield.

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    1. Interesting. Looks like an MLP that switched to monthly payments. I'll check them out thank you.

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