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.
Weekly Activity
$100 deposit into Savings
$1.65 dividend from JNK
$1.09 dividend from O
Model Portfolio Totals
Trading Account: $1,269.62
Estimated Monthly Income: $0 (Not ready to trade until Phase 1 completed)
Max loss per trade (1% of account): $12.69
Portfolio stop (3% account): $38.08
Investing Account: $2,775.39
Estimated Monthly Income: $9.80 ($0.223 from DRIP)
Stock
ABT: $0.76 income/month
WMT: $0.59 income/month ($0.007 from DRIP)
Energy
COP: $0.77 income/month ($0.007 from DRIP)
ERF: $1.75 income/month ($0.063 from DRIP)
REITs
O: $1.09 income/month ($0.031 from DRIP)
BDCs
TCAP: $2.01 income/month
Bonds
JNK: $1.68 income/month ($0.080 from DRIP)
PCY: $1.15 income/month ($0.035 from DRIP)
Maneuvering Cash: $750
Savings Account: $1,400
Emergency: $1,000
Portfolio Protection
Trading Account: $50
Investing Account: $250
CDs: $100
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.
Good catch on the car re-purchase idea. Normally I would prefer a money market account that provides easy penalty-free access to funds, when it comes to budgeting for something like a car. But the penalty-free CD may be a good choice. I would compare the rates of the 2 before executing.
ReplyDeleteFunny you mention that. Sharebuilder sent me an email saying their money market offers 0.03% but I can change my cash position to an FDIC insured account, savings I think, that gives 0.5%. Their standard savings account is that too.
DeleteThats gets it a bit closer to the 0.94% no penalty CD at Ally. Thats a difference of $4 for a $1000 account over an entire year. May not be worth the hassle but I'm still debating.