Wednesday, May 14, 2014

Monthly Update: April 2014

Just as I thought things at work were getting better, the last veteran on my team is transferred to another department. So that means where we had 5 employees its me, 1 new hire of 1 month, another new hire who cannot start for 2 months due to national reserve commitments. That's it.
On top of me doing the work of 4 people I am in charge of managing a separate team of 7 others.
Now I bring this up not to vent but as a point of discussion on how bad do you want your goals? I could quit and try to find another job and probably kiss my dream of retiring at the age of 50 goodbye. My stress would be reduced greatly in my life but would I be shifting the stress to my future self in being 65 and working somewhere? Think about what you would and wouldn't do on your own path to financial freedom...

Portfolio Acitivities
$1,100 deposited into the Investing Account
$500 deposited into Lending Club
No purchases or sales this month.

Portfolio Income
     KO: $3.69
     MDT: $1.49
     WMT: $2.15
     ARCP: $6.35
     PSEC: $7.51
     NDRO: $2.20
     BLV: $2.84
     JNK: $4.77
     PCY: $2.01
     Interest from Cash: $0.70
Lending Club
     Interest: $8.98
Rental Income
     Townhouse 1: $0

Vacancy: I got a new tenant and have a year long leased signed. They are moving in this week. The end result is half a payment for March due to costs associated with finding another renter and no payment for April. I'll only get a prorated check of about half for May that more then likely I won't get until next month. Thats fine with me. I am just happy the vacancy was only 1.5 months total.

Lending Club: As I reported in a recent post, the reporting problems on the statements was due to a change in the way they display them.
I made a larger then normal deposit with them this month. I am wanting to run it up to my target number then wait and see how it goes.

Overall it was a quiet month. Work is hectic but its quieting down each day a little bit more.

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.


  1. Leaving a job can set up back that is for sure. You don't know if you will be better off or not. I have seen people leave a job and then had to go look for a job. It took them 2 months to get their next job and some of them were let go in a month or so.

  2. Nice start to your portfolio income. You will see, given enough time, that your dividends will begin to snowball. From pennies dollars are born. Just keep at it and feed the beast as much as you can. Try and find some good value stocks (it's hard these days) and try to invest every month. Don't go after the high yield MLP's and REITS that so many love in this community. I'm not against them, it's just that I prefer lower yield/lower payout ratios now because those stocks promise higher dividend growth rates later.

  3. What are your thoughts on the situation between PSEC and the SEC? I added on the dip below 10$ and continue to drip in the process... Still long MAIN PSEC and TCPC in the realm of BDC's

    1. I added at $10.18. I am closely watching it. I dont think it will amount to much . they already announced their dividends for the rest of the year. my concern more is that they are getting too much income for their origination fees vs income and with them slowing down new loans this might drop.

    2. I added at $9.84 wasn't feeling the best at the time but after the news and concession by the SEC shares are back over $10.