Monday, July 25, 2016

June 2016 Income & Expenses

The amounts below are cash amounts and are net of taxes, insurance, 401k contributions, HSA, etc. In other words, the amounts are what get deposited and withdrawn from my accounts.

Day job (take home pay) --- $11754.60
Dividends/Interest --- $272.27

Total net income --- $12026.87

Expenses --- $7298.00 (Taken from Mint)

Savings  $4728.87 --- Rate  $39.31%

Expenses continue to stay elevated and I feel like I am losing the battle. I won't quit trying though!! However, summer vacations and a seemingly endless gauntlet of birthdays are overpowering me.

I feel pretty confident that I can hold the line at $5000 in expenses this month, but I have plans for an August Disney World trip which should be pretty expensive next month. The good news is that I have already paid for and included the 5-day hotel, park tickets, and food expenses in the previous month's report.

I'm sure by taking my girlfriend, her daughter, and her little sister that the budget will go to hell. Getting 3 girls to avoid shopping while on vacation is futile. LOL Anyway, the great experiences will far outweigh any annoying expenses that pop up.

On a positive note, I had the biggest income month of the year and July is looking pretty strong as well. Houston is by no means out of the woods. Things are beginning to stabilize a bit so we'll see how the back half of the year goes.

Regardless of what happens with the economy, I will continue busting my ass and investing in dividends paying stocks. Just give me a big pullback and I'll be happy!


Friday, July 22, 2016

Recent Buy --- Shell

It's been a while since I have added to my energy positions, so I decided to add some Shell shares to my portfolio today.

  • RDS-b:  35 shares @ $57.20 --- Yield  6.57%

Total capital invested is $2008.92 and will add $131.60 to my yearly dividends.

While Shell has had NO problem cutting jobs during the past year, it hasn't seemed willing to cut the dividend. This is a good thing!

I certainly don't think Shell is super cheap right now, therefore I am slowing easing into the position unlike 2 years ago when I went too heavy into energy too soon. It's hard to believe that this company was yielding over 10% around 6 months ago when it was trading in the mid 30s.

Also, I recently manually calculated my dividend payments and this purchase puts me back over $3000 in forward dividends.


Thursday, July 14, 2016

Recent buy --- NEA

Today I added a tax free muni fund to my portfolio.

  • NEA:  110 shares @ $14.55 --- Yield  5.15% (Tax exempt)

Total capital invested is $1607.12 and will add $90.00 to my yearly dividends.

Munis have been on an insane run lately, but NEA has finally dropped about 4.5% in the last 3 days from $15.22 to the $14.50 range. I would love to further increase the position if a larger pullback happens.

Forward dividends are around $2750.


Tuesday, July 12, 2016

Thinking about dumping PFE...

Originally when I bought the 300 shares back in March I was looking to get the portfolio jump started in a big way. Buying a high yielding Dow component always interests me and seeing Pfizer trading around $29 and yielding 4% seemed like a no brainer. The current yield is now around 3.3%

I honestly thought the stock would flounder in the high 20s to low 30s throughout the year. Collecting $360 in dividends is very cool, but now that my capital gain has exceeded $2000 in less than 4 months I am getting an itchy trigger finger.

I recently purchased 100 shares of ABT last month and 25 shares of GILD, so combined with my 300 shares of PFE I am a bit heavy in this sector. PFE has now exceed XOM as my largest position.

Maybe I'll just cut the positions in half and buy something else. I have an open $32.00 M call that would yield me close to 5% and the stock price is in the mid 35s.  This would allow me to lock in some profit and increase my yearly dividends.

The struggle to make this sell decision is bigger than expected...


Friday, July 8, 2016

Recent Buy --- DEO

Today I added to my position in DEO.

  • DEO:  14 shares @ $112.72 --- Yield  3.05%

Total capital invested is $1584.99 and this purchase will add $48.16 to my yearly dividends.

What a difference a couple of weeks can make. I bought my last 15 shares a $103 and DEO like pretty much everything else has skyrocketed. This isn't a super cheap price, but I do like nibbling on a defensive position that I plan on holding for years to come. 

My plans are still to keep adding to names I own in small chunks each month while unloading with both barrels when opportunities like Brexit surface.

Forward dividends are approximately $2650.


Wednesday, June 29, 2016

June 2016 Recap

I received $272.27 in June from the following companies listed below. All dividends are reinvested.

I also made 12 stock purchases totaling $22181.55 (shown below) during the month including over $11,000 invested during the Brexit scare (Friday and then again on Monday). These purchases will add $804.08 to my yearly dividends.

While my dividend income is nowhere near my all time highs set a year ago, I am really pleased with the seeds that I planted this month. I think I picked up some pretty good companies with pretty good yields.

Unfortunately the very brief buying opportunity created by Brexit vanished as quickly as it appeared. I will continue to make monthly investments and if we have 1000 point drops I will go in a bit stronger.

Hopefully as the election approaches, we will get some more market turmoil and I can add to some of my recently created positions.

My target forward dividend goal at the beginning of the year was $3000 and that is still generally my goal for this year. If I overshoot it to $3500 or so, then no big deal.


Monday, June 27, 2016

Recent Buys --- WFC & MSFT

Today I added some more shares to a few of my holdings.

  • WFC:  35 shares @ $44.80 --- Yield  3.39%
  • MSFT:  32 shares @ $48.21 --- Yield  2.99%

Total capital invested is $3124.56. These purchases have a combined yield of 3.18% and will add $99.28 to my yearly dividends.

This brings my Microsoft share count up to 82 and my Well Fargo share count is now 135 shares. I love having these two 800 lb gorillas in my portfolio. It's hard to believe that Microsoft is now yielding 3%. If MSFT drops much more in price or MO appreciates a little more, you could have a situation where Altria has a lower yield than Microsoft.....Wow talk about bizarre.

Forward dividends are $2600.